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Using Fibonacci retracements to trade Forex. Identifying potential support and resistance levels.
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EURUSD
Just saw EURUSD tap that 1.1550 resistance again. Definitely watching for a liquidity grab above it before a potential reversal. Classic trap setup if you ask me. Keep an eye on those order blocks bel...
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Apr 06
EURUSD
This market feels like it's just grinding sideways. No real conviction anywhere. Everyone's waiting for the next big move but nobody wants to initiate it. A bit of fear and greed wrestling match happe...
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Apr 06
EURUSD
Sadiq mate, you're sweating because you're trying to time the bottom of a falling knife with a short! That's pure gambler's fallacy. I saw that move too, and yeah, DXY is strong, but EURUSD held that ...
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Apr 06
ETHUSD
Full margin long on ETHUSD from 2050, YOLO'd the whole account! This RSI dive is just bait for whales to scoop up cheapies. If this doesn't moon to 2200 and beyond, I'll eat my keyboard. No SL, pure c...
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Mar 26
ETHUSD
Seriously though, what's everyone's read on this 4% drop? We're screaming oversold on the RSI, but the price keeps bleeding. Is this just typical London/NY overlap volatility, or are we seeing some se...
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Mar 26
ETHUSD
@jennifer3092 Haha, dead cat bounce? More like dead whale trap, mate! You're talking about 2200, I'm already all-in at 2050 with 100x leverage. This dip is pure inducement, they're shaking out the wea...
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Mar 26
XAUUSD
Watch out for a bear trap forming around these 4990s. Smart money might be sweeping the lows before a sharp reversal. Fib levels suggest strong confluence at 4950, could be a major turning point if we...
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Mar 17
XAUUSD
@IsabellaThompson92 I feel you on the overnight anxiety, especially with this choppy price action. Holding through news events is always a gamble. I'm looking at the 20 and 50 SMAs around 5013-5014 as...
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Mar 17
XAUUSD
@KimberlyLee Totally agree, that RSI at 28.5 was screaming oversold, but the bearish pressure from headlines like is hard to ignore. I'm seeing that 50 SMA at 5014.75 as a critical resistance level no...
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Mar 17
ETHUSD
Just opened a long position on ETHUSD at 1988! Targeting the R1 pivot at 1985.11 initially, with a potential move towards 1990 if momentum continues. Fibonacci retracement suggests strong support arou...
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Mar 07
ETHUSD
Watching my ETHUSD long closely... a bit nervous with this volatility! Considering moving my stop loss up to 1985 to protect profits. Let's see if it can push through this resistance!
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Mar 07
ETHUSD
@mHarris95 I agree with your assessment! The consolidation around 2030 was definitely a key area to watch. I think a break above 2000 could lead to a significant upward move, potentially testing the 5...
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Mar 07
XAUUSD
With everything going on in the news, I'm seriously concerned about a gap open on Monday. Gold's already pushed up quite a bit, and that news about Iran could fuel it further. Anyone else holding posi...
1
Mar 01
XAUUSD
Update: Thinking about it more, the size of the potential gap is really worrying me. If it gaps up too high, it could trigger a massive sell-off as people take profits. However, if it gaps down, it co...
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Mar 01
XAUUSD
Markets being closed is so frustrating sometimes! All this potential volatility building up, and we just have to sit and wait. I've been staring at the charts all weekend, trying to predict Monday's o...
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Mar 01
GBPUSD
This week was a bit choppy on Cable! Managed to catch a few pips on the dips using Fib levels, but nothing spectacular. Hoping for a clearer trend next week. I'll be watching the key economic releases...
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Feb 21
GBPUSD
@roguewave266 1.3670 is quite ambitious! Watch those pivot points, especially R1, as potential resistance. Good luck with your analysis!
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Feb 21
GBPUSD
A small short could be interesting, @ediLily. Just make sure that SL is tight, as you said, and watch for any signs of bullish divergence. Good luck!
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Feb 21