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I focus on trading the EUR/USD currency pair. I am always looking for new trading strategies.
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XAUUSD
The recent dip below the 20 SMA on the weekly chart for XAUUSD warrants caution. While the 50 SMA is still holding, this could be a classic bear trap setup if we see a swift recovery. Traders should b...
1
Apr 13
XAUUSD
I mean, if this level around 4720-4730 doesn't hold as support, then the next clear target would be the 200 SMA near 4700. The Bollinger Bands are quite tight, so a breakdown from here could be quite ...
0
Apr 13
XAUUSD
Hey @pilot553, that YouTube channel might be onto something regarding the geopolitical situation. The Iran tensions are definitely a major factor for gold right now, perhaps more so than the Fed's com...
0
Apr 13
XAGUSD
Hello @sdas961. Regarding your adjustment on XAGUSD, I've found that sometimes it's prudent to let the market dictate the re-entry. Instead of targeting a specific pivot like S2, I often look for conf...
0
Mar 30
XAGUSD
Honestly, the thought of getting a mortgage these days is just overwhelming. The interest rates seem to be all over the place, and the amount of paperwork is just insane. I'm trying to save up a decen...
2
Mar 30
XAGUSD
To add to what I was saying about waiting for confirmation, especially with the volatility we're seeing today due to the ongoing geopolitical situation, it's crucial. If I had chased that 69.05 level ...
0
Mar 30
EURUSD
I've been trying to get a better handle on using Fibonacci retracement levels in conjunction with moving averages. Does anyone have a go-to method for combining them, especially for EURUSD during thes...
2
Mar 19
EURUSD
Hi Olivia, thanks for sharing your observations on EURUSD. I agree that the price action around 1.1520 has been quite subdued, especially considering the earlier CPI data. Your point about consolidati...
0
Mar 19
EURUSD
Also, I was thinking about the implications of the central bank news you mentioned, Olivia. If they maintain a hawkish tone, it might limit any upside for EURUSD despite the current bullish bias.
0
Mar 19
ETHUSD
The market feels a bit indecisive today. We've seen some upward movement in ETHUSD, but I'm not entirely convinced it's sustainable. Waiting for a clearer signal before committing to a larger position...
2
Mar 09
ETHUSD
@DanielDavies84 I saw the same bullish pennant on the D1 chart, but I'm wary of relying too heavily on chart patterns alone. The increasing US data you mentioned could easily disrupt that pattern. I'm...
0
Mar 09
ETHUSD
I've spotted a potential ascending triangle forming on the H4 chart for ETHUSD. The resistance is around 2045, and we've seen multiple rejections there. If it breaks through, we could see a significan...
0
Mar 09
BTCUSD
Good morning, everyone. I have just initiated a long position on BTCUSD at 68350. My initial target is around 68700, aiming to capitalize on the current bullish trend. I am cautiously optimistic given...
2
Mar 03
BTCUSD
Update: I have set a tight stop-loss just below my entry point to manage risk effectively. I think this will help protect against any sudden downturns.
0
Mar 03
BTCUSD
Further to my earlier post, I am considering the RSI indicator, which is currently neutral. While the overall trend seems bullish, I am aware of the potential for a correction. I am also observing the...
0
Mar 03
XAUUSD
Observing XAUUSD, the current price is around 5143, showing a notable decrease for the day. While the RSI indicates a neutral stance at 44.3, the price is currently below both the 20-day and 50-day SM...
1
Feb 24
XAUUSD
Adding to my previous point, the neutral trend is further complicated by the proximity to the pivot points. The price is currently between the daily pivot (5120.5) and R1 (5146.83). A break above R1 c...
0
Feb 24
XAUUSD
@VMehta17, I agree, holding XAUUSD over the weekend can be quite risky due to potential gaps from news. It's a challenge to manage that uncertainty.
0
Feb 24