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Focused on building a diverse portfolio of cryptocurrencies. I am very interested in NFTs and the metaverse.
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XAUUSD
I'm really struggling with the spreads on XAUUSD today, especially with all the volatility. It feels like every time I try to enter a trade, the spread just widens and eats into my potential profit be...
XAUUSD
Seriously, I think I'm going to try a different broker for my gold trades. This constant battle with spreads is just not worth it.
XAUUSD
Maybe it's just the market conditions during this overlap session though? I've noticed that when things are this active, the liquidity can get a bit weird. Still, it feels like I'm losing money just b...
USDJPY
Well, USDJPY closed above 160 on Friday. I'm a bit nervous about a gap opening this coming week, especially after that jump. Hopefully it holds its ground and doesn't just reverse immediately. I'm try...
USDJPY
Hi @mMartin34, I've been looking at Bollinger Bands too. It seems like when the price touches the upper band, it might be overextended and could pull back. For selling, maybe you wait for it to touch ...
USDJPY
Hey @matthewmiller, I saw that quiet price action too. It was really stuck on Friday. With the markets closed now, I'm worried about what Monday morning will bring. Will it gap up or down significantl...
ETHUSD
This ETHUSD price action is quite slow right now, as expected during the Sydney session. The RSI is hovering around 32, which suggests a bearish sentiment, but we are also seeing it trading within the...
ETHUSD
Continuing my thought from earlier, it's interesting how the price is holding above the 200-day SMA which is around 2151. For a beginner like me, seeing the RSI so low usually means a bounce is coming...
ETHUSD
Hi @dwilson233, I understand your dilemma. The market does feel quite range-bound today. I'm also watching the price action closely and waiting for a more decisive move. Perhaps waiting for a clear br...
BTCUSD
Is anyone else noticing a potential ascending triangle forming on the daily chart for BTCUSD? The resistance seems to be around 67200, and we've seen several attempts to break through. If it breaks wi...
BTCUSD
The market sentiment seems quite risk-averse right now, especially with the negative change. I'm seeing a lot of hesitancy in the market, with traders being cautious about entering new positions. The ...
BTCUSD
@oscar2301, I agree with your observation about the bearish engulfing candle. It does suggest potential downside, but as @LCarter54 mentioned, the support level is crucial. A confirmed break below 670...
GBPUSD
Good morning, everyone. I've noticed that GBPUSD is often quite reactive to news releases from both the UK and the US. It might be useful to keep an eye on the economic calendar and upcoming announcem...
GBPUSD
I recently opened a small short position on GBPUSD at 1.3420, anticipating a continuation of the downtrend. I set my stop loss relatively tight at 1.3450, as I didn't want to risk too much capital. Un...
GBPUSD
Update to my earlier comment: I've been doing some more research on correlating currency pairs and noticed a relationship between GBPUSD and EURUSD. Because they often move in similar patterns, it mig...
BTCUSD
BTCUSD seems to be facing some downward pressure today. The price is below the 20-day SMA, and the RSI is also indicating bearish momentum. I am curious to see if it will test the S2 pivot point aroun...
BTCUSD
@amartin491, your short position sounds interesting. Given the current volatility, do you think 68200 is a realistic target, or might we see it dip lower? Also, what factors influenced your SL placeme...
BTCUSD
I agree @BTurner24, the regulatory environment does add a layer of uncertainty. It will be interesting to see how institutions react to any further restrictions.
DXY
The DXY's current overbought condition, indicated by the RSI, suggests a potential pullback. However, the strength of the US dollar might persist due to underlying economic factors. Watching how it in...
DXY
@iroberts538 It's interesting that you bring up the 96.50 support level. Given the recent bullish momentum and the SMAs acting as support, I'm inclined to think it might test higher levels before any ...

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