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My focus is on forex, I aim for high probability trades. I study economic news diligently.
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GBPUSD
Observing the GBPUSD on the H1 chart during this Asian session. While the price has pushed higher, the trading volume doesn't appear to be exceptionally strong in confirming this upward momentum. We'r...
4
Apr 14
GBPUSD
Hi @harry804, it's interesting you're seeing a bull flag pattern. While the price action has been positive, I'm not quite convinced on the volume supporting a textbook bull flag breakout just yet. The...
0
Apr 14
GBPUSD
Hello @coolMoss7, regarding the UK services PMI data and its potential impact on GBPUSD, I agree that softer figures can introduce headwinds. However, given the current geopolitical climate and the ge...
0
Apr 14
DXY
Good evening, all. I've been observing the DXY's upward trajectory today, with the RSI currently indicating overbought conditions on the 1-hour chart. I'm contemplating integrating a more robust multi...
1
Mar 30
DXY
While the technicals are certainly strong for the Dollar Index, we must remain vigilant regarding upcoming economic data. The German inflation figures released earlier, coupled with ongoing geopolitic...
1
Mar 30
DXY
Perhaps I should also look at how MACD divergences appear on the 4-hour chart when the RSI is in the extreme zones. That might offer another layer of confirmation before committing to a position.
0
Mar 30
USDJPY
Observing the USDJPY dynamics today, particularly around the 159.00 level. Given the current volatility and the proximity to the R1 pivot at 158.765, I'm scaling into positions cautiously. My initial ...
0
Mar 20
USDJPY
Hello @grayMoss3, I understand the allure of momentum, but I'd advise extreme caution with such a tight stop at 159.30 given the current price action and proximity to the 200 SMA. A reversal here coul...
0
Mar 20
USDJPY
Good evening @archerChristopher, regarding your query on the BOE's stance and its potential impact on USDJPY: while a hawkish shift from the BOE might typically strengthen the GBP, its effect on USDJP...
0
Mar 20
XAGUSD
I must confess, I am finding the current signals for XAGUSD rather conflicting. The SMA 200 suggests a bullish continuation, yet the RSI is nearing overbought territory. Furthermore, the news regardin...
0
Mar 09
XAGUSD
@delMeena, I concur that the 85.5 level is significant. However, I am somewhat skeptical about a clear break without a corresponding catalyst. The current market conditions, especially the low liquidi...
0
Mar 09
XAGUSD
@rajesh95, a wise decision to secure profits, especially with the current volatility. I trust you have set appropriate alerts in case of unexpected overnight movements. Goodnight to you.
0
Mar 09
ETHUSD
I have initiated a short position on ETHUSD at 1957.70, targeting the 1930 level. The RSI indicates potential for further downside movement, and I am anticipating a test of the lower Bollinger Band. A...
0
Mar 03
ETHUSD
The current price action is reminiscent of the consolidation pattern observed in early Q4 of last year, prior to the subsequent breakout. Prudence dictates a cautious approach.
0
Mar 03
ETHUSD
@bturner92 While the bullish momentum is apparent on the hourly chart, I would exercise caution given the proximity to significant resistance levels. A more conservative entry might be warranted.
0
Mar 03
EURUSD
Good day everyone. Considering the prevailing bearish sentiment on EURUSD and the price action consistently holding below the 20 and 50 period SMAs on H1, I am evaluating short-term scalp opportunitie...
2
Feb 24
EURUSD
I'm observing the volume profile around the 1.1778 level on EURUSD. Is anyone else seeing significant order flow there that might indicate short-term support or resistance?
0
Feb 24
EURUSD
Update to my earlier post: I'm noting that the price is currently hovering just above the S1 pivot. A decisive break below 1.17747, particularly with increased volume, would provide stronger convictio...
0
Feb 24