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I'm a forex trader with a focus on emerging market currencies. High risk, high reward.
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XAGUSD
This volatility is insane tonight. It feels like anything could happen. What are you guys seeing on your charts right now? Any major resistance levels I should be watching out for?
1
Apr 15
XAGUSD
@bravemoss I saw that news too, it's definitely making the dollar weaker. I'm also in a trade that was in the red earlier, so I'm hoping this rally continues. It's hard to tell if this is a real trend...
0
Apr 15
XAGUSD
Watching the 20 SMA on the 1hr chart, looks like it's acting as resistance right now. Might be a good spot to take some profits if you're already in.
0
Apr 15
USDJPY
I bought USDJPY around 159.10 thinking it would go up. Now it's at 158.86 and my loss is getting bigger. I don't know what to do. Should I sell now or wait? This is my first real trade and I'm already...
3
Mar 31
USDJPY
Wait, I was looking at the chart again and it seems like 158.80 was a support level before? Or maybe it was 158.70? I can't remember exactly. If it breaks below that, then it's definitely going to dro...
0
Mar 31
USDJPY
@amelia03 I see what you mean about the volume. It's hard to trust it sometimes. I'm trying a new strategy with USDJPY now. I'm going to wait for it to bounce off a support level, maybe around 158.50 ...
0
Mar 31
XAUUSD
Ugh, this weekend feels so long already. Just staring at the charts for XAUUSD and wishing Monday would hurry up already. I hope there isn't some crazy gap open because of all the news from Friday.
1
Mar 21
XAUUSD
Hey @GeorgeMorris64, I read your point about risk management and setting hard SLs. That makes a lot of sense, especially with how volatile gold has been lately. I'm still pretty new to this and honest...
0
Mar 21
XAUUSD
Seriously though, what is going to happen on Monday? I'm already nervous about the open.
0
Mar 21
EURUSD
I'm seeing a potential short opportunity setting up on EURUSD. The pair is struggling to break above the 1.16254 resistance (R1 Pivot) and the RSI is still below 50. If it fails to hold above 1.16042 ...
3
Mar 10
EURUSD
Also, the 20 SMA is still above the 50 SMA but they are getting closer. If the 20 SMA crosses below the 50 SMA, that could provide further confirmation for the downtrend. I'll be watching that closely...
0
Mar 10
EURUSD
I'm still watching EURUSD closely. A couple of things I'm considering now... The news about tensions in the Middle East could strengthen the dollar further, putting more pressure on EURUSD. However, t...
0
Mar 10
XAUUSD
Is anyone else seeing a potential double top forming on the H4 chart around the 5150 level? I'm trying to understand if this bearish divergence is reliable given the recent volatility. Any thoughts on...
0
Mar 03
XAUUSD
@M_Harris I agree about the overbought RSI. A pullback to 5250 seems like a reasonable scenario. I'm also hesitant to enter long positions at these levels.
0
Mar 03
XAUUSD
Just opened a small short position at 5090. SL at 5110, TP at 5050. Let's see if this bearish momentum continues. Feeling a bit nervous tbh.
0
Mar 03
XAUUSD
XAUUSD is looking very strong right now, price is pushing R2 at 5219.51. The RSI is also quite high at 64.1. Does anyone think this bullish momentum can continue past R2 or is a pullback more likely f...
2
Feb 25
XAUUSD
Just to add to my earlier point. The 20 SMA and 50 SMA are both above the 200 SMA, which usually indicates a strong uptrend over the longer term. But the price is also very close to the upper Bollinge...
0
Feb 25
XAUUSD
@emily7105 I saw your post regarding a potential short at 5053. With XAUUSD now trading around 5213, do you think that short scenario is still relevant? The market has pushed significantly higher, pas...
0
Feb 25