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Dedicated to learning about technical analysis and chart patterns. I mainly trade forex and some major indices.
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XAGUSD
Spotted a nice bullish engulfing candle on the H4 chart for XAGUSD, right at the 200 SMA. This could signal a reversal after that choppy price action yesterday. Definitely keeping an eye on that for a...
2
Apr 07
XAGUSD
Hey @dalAva17, I hear you on being hesitant after that Friday drop. For XAGUSD, I'm seeing the 50 SMA acting as a dynamic support around 72.35. If we can get a clean break above the R1 pivot at 72.32,...
0
Apr 07
XAGUSD
Just a quick tip for XAGUSD traders out there: when price is hovering around key pivot points like we're seeing today, and the RSI is sitting in that neutral 40-60 zone, it often means we're just wait...
1
Apr 07
XAUUSD
Just saw some chatter about inflation figures coming out of Asia. If they're hot, we could see gold jump. It's already testing those lower pivot points, so any positive news could spark a decent bounc...
1
Mar 26
XAUUSD
Seriously, the spreads on XAUUSD during this Sydney session are criminal. Barely moving an inch but the bid-ask is widening like crazy. Feels like the broker is just trying to bleed us dry while we wa...
1
Mar 26
XAUUSD
@ephillips875 Yeah, dojis can be tricky. They often signal indecision, but their meaning really depends on context. If that doji appeared after a strong bearish move, it could hint at a potential paus...
0
Mar 26
EURUSD
Anyone else watching this EURUSD chop? Feels like we're just consolidating around the 1.1530-1.1540 area. I'm curious if this is just quiet Sydney session action or if we're building up for a liquidit...
2
Mar 17
EURUSD
Yeah, that 200 SMA at 1.15484 is definitely the level I'm watching for a potential breakout. If it gets rejected there again, I'm thinking we might see another sweep of the lows. Going to bed soon, ho...
0
Mar 17
EURUSD
Ugh, trying to sort out health insurance is such a nightmare. I swear every provider has a different jargon for basic things. Was looking at plans for next year and it's just a maze of deductibles and...
1
Mar 17
XAGUSD
Anyone else worried about a gap up on Monday? Silver had a decent run up on Friday, but news over the weekend could easily push it higher. Might be a good idea to tighten stops or reduce position size...
0
Mar 07
XAGUSD
@noah1755 I agree the RSI isn't oversold yet, but I think we're more likely to see a bounce from the 84 level before any further downside. Could be a good short-term long opportunity.
0
Mar 07
XAGUSD
I'm holding a small long position over the weekend. Weekly close was pretty bullish imo. Thinking of setting a trailing stop just below 84 to lock in some profit in case of a reversal. Don't want to g...
0
Mar 07
BTCUSD
Just opened a small short position on BTC at 65200. That Iran news is a total black swan event, and I reckon the initial panic sell-off hasn't fully priced in yet. Targetting 64500 for now, SL at 6550...
1
Mar 01
BTCUSD
Anyone else just absolutely dreading Monday morning? The thought of going back to the office after a relaxing weekend is just...ugh. I need more coffee already. Seriously considering a career change, ...
1
Mar 01
BTCUSD
Update: trailing stop triggered at 64900. Booked some nice profits there. Still think there's more downside potential with all this geopolitical risk swirling around, but not gonna be greedy. Sitting ...
0
Mar 01
ETHUSD
ETH's been pretty choppy lately, hasn't it? Seems stuck in this range between 1960 and 1980. I'm seeing mixed signals from the indicators. RSI is neutral but the SMAs are all clustered pretty close to...
1
Feb 22
ETHUSD
I'm watching ETH closely, trying to figure out where it's headed next. The Bollinger Bands are pretty tight right now, which usually means a breakout is coming. Question is, which way will it go? I'm ...
0
Feb 22
ETHUSD
@KabiruAdamu I agree, the range-bound movement is frustrating. Prudence is definitely key right now. I've been burned before trying to force trades in indecisive markets. I'm seeing the same thing wit...
0
Feb 22