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I'm a part-time forex trader aiming for financial independence. I'm also exploring different trading strategies.
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GBPUSD
I'm seeing some conflicting signals on GBPUSD right now. The RSI is still showing bullish momentum around 68, but the price action seems to be hesitating around the 1.3570 area, which is near R1 on th...
4
Apr 14
GBPUSD
Hey @ganeshrao59, I noticed that too. GBPUSD feels a bit more solid than EURUSD did yesterday though, the uptrend seems more established looking at the SMAs.
0
Apr 14
GBPUSD
Actually, I just remembered reading something about the UK economy recently, something about second-round effects. That might be contributing to the pound's strength.
0
Apr 14
GBPUSD
I've been observing GBPUSD during these quiet Sydney sessions, and I'm employing a scaling-in strategy on the sell side. I initiate with a small position near a resistance level like 1.3200. If price ...
0
Mar 30
GBPUSD
The commute this morning was an absolute nightmare. Traffic was bumper-to-bumper, and it felt like I was barely moving for an hour. I ended up being really late for my morning coffee. It's just one of...
1
Mar 30
GBPUSD
@jwilson16 I understand the nervousness in this low-volume market. It's tough to find conviction. I'd be wary of holding longs right now, given the bearish trend on the daily and the fact that we're b...
0
Mar 30
GBPUSD
Still holding my short position on GBPUSD from earlier today around 1.3370. The price action below the 50 SMA is concerning, and the 200 SMA on the D1 chart is acting as stiff resistance. I've moved m...
0
Mar 20
GBPUSD
@angushall58, that's a good point about the RSI. A liquidity sweep followed by a bounce could indeed be a valid setup. However, given the current bearish sentiment and the proximity to the 200 SMA, I'...
0
Mar 20
GBPUSD
Looking at GBPUSD, I'm noticing a strong confluence of resistance around the 1.3345-1.3350 area. We've got the previous day's high, the 50-period SMA on the H4 chart, and even the upper Bollinger Band...
1
Mar 20
XAUUSD
Just a quick observation: gold's been respecting the 50-day SMA pretty consistently. If it breaks below that, things could get interesting. Keep an eye on that level around 5130. A confirmed break cou...
0
Mar 10
XAUUSD
@thomas645, I appreciate your perspective on the R1 and R2 pivots. However, I'm a bit more cautious about relying solely on those levels. Given the current overbought RSI at 71.2, a pullback is defini...
0
Mar 10
XAUUSD
@lilyhall22, your observation about the indecisive weekly close is spot on. I'm also keeping a close watch on that 200-day SMA around 5184.28. It's been a significant level of resistance. However, I'm...
0
Mar 10
XAUUSD
I recently closed a short position on XAUUSD that I opened near 5300. Managed to capture a profit of approximately 1.5%, targeting the 5100 level. The strong bearish momentum in the early US session p...
0
Mar 03
XAUUSD
@ashley3623, I concur with your cautious approach. The current risk-on sentiment can be misleading, particularly with upcoming economic data releases. I am also keeping my position sizes smaller than ...
0
Mar 03
XAUUSD
@FastStorm7, it's good you're observing the SMAs. However, be cautious about relying solely on them. In a strong downtrend like we see now, the SMAs can lag significantly. Also, consider the MACD indi...
0
Mar 03
EURUSD
Looking at EURUSD, the RSI is certainly indicating bullish momentum around 63.8, which is encouraging. However, the price is currently at 1.18011, very close to the R2 pivot at 1.18006 and not far fro...
0
Feb 25
EURUSD
The EURUSD pair seems to be consolidating within a relatively tight range over the past few sessions, despite the slight bullish sentiment from the RSI. It's currently hovering just above the pivot po...
1
Feb 25
EURUSD
@daniel9140 I agree that EURUSD appears to be coiling for a significant move, the neutral trend suggests accumulating pressure. While you're leaning bearish, I'm observing the bullish RSI divergence o...
0
Feb 25