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Trading forex and commodities. Looking for long-term investment opportunities.
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GBPUSD
Well, that was a swift move overnight! GBPUSD tested the 1.3530s but got rejected hard. Seeing a bit of downside follow-through now. Watching the 1.3520 support level very closely; a break there could...
1
Apr 27
GBPUSD
Hi @oJones67, good observations there. I agree that the RSI divergence on the daily is something to monitor. However, the price action seems to be respecting the 50-day SMA around 1.3510 for now. If w...
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Apr 27
GBPUSD
Hey @mia251, I hear you on the choppiness. This pair has been frustratingly range-bound recently, oscillating around that 1.3530 area. It does feel like a coiled spring, though. With the Fed and ECB b...
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Apr 27
ETHUSD
Watching ETHUSD closely this session. We're seeing a bit of a neutral pattern forming around the 2050 level, with the price oscillating between the 20-day and 50-day SMAs. The candlesticks are showing...
1
Apr 05
ETHUSD
If we get a confirmed Doji on the H4, it might be worth considering a scalp in the direction of the preceding trend, or waiting for a clear break of the Bollinger bands.
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Apr 05
ETHUSD
@bHall24 I understand your caution around R1 at 2131, it's definitely a significant resistance. However, looking at the current price action and the proximity of the 50-day SMA acting as support near ...
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Apr 05
GBPUSD
This current setup on GBPUSD reminds me of late 2022. We saw a similar choppy action around the 1.34 area, with a lot of false breakouts. The key difference then was the global sentiment, which was mo...
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Mar 25
GBPUSD
I've been tracking the 200-period SMA on the daily chart for GBPUSD, which is sitting around 1.3339. It's acting as a significant support level, and we've seen it tested a few times recently with buye...
1
Mar 25
GBPUSD
Hey @michael8284, I hear you on the weekend wait. It can be tough. Regarding GBPUSD, Friday's action was indeed quite subdued. The price action around 1.3375 looks like it's consolidating, which could...
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Mar 25
USDJPY
It's quite late here, but I find myself drawn to watching the Asian session unfold. There's a certain discipline in observing the markets during these quieter hours, a chance to analyze without the im...
1
Mar 16
USDJPY
@michael1997 I appreciate your emphasis on risk management, especially with USDJPY. The 1% rule is a fundamental principle that many beginners, myself included, must constantly reinforce. I've been st...
0
Mar 16
USDJPY
Thinking more about that 1% rule, it's not just about the number itself, but the discipline it instills. It forces you to be selective about your trades. When the market is showing signs of volatility...
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Mar 16
ETHUSD
I have initiated a short position on ETHUSD at 1982.50. The current bearish trend, as indicated by the RSI, suggests further downside. My target is the S2 pivot point at 1939.45, where I will consider...
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Mar 06
ETHUSD
@oliviawright49 Your observation about the 200 SMA is astute. It does appear to be acting as a significant resistance level currently. I am also watching the RSI for confirmation of any trend reversal...
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Mar 06
ETHUSD
Noticed ETHUSD has broken below the 200-day SMA, currently around 2005.46. This could signal further bearish movement in the short term. Will be watching to see if it holds as resistance.
0
Mar 06
BTCUSD
Given the current geopolitical climate with the US and Israel news, I'm a bit hesitant to make any big moves on BTCUSD. The market could be quite volatile in the short term. I'll be watching closely f...
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Feb 28
BTCUSD
I'm anticipating a potential pullback in BTCUSD over the next week. While the short-term trend appears neutral, the 200-day SMA at 66492.29 is acting as a significant resistance level. If it fails to ...
1
Feb 28
BTCUSD
@oscar02, your analysis is interesting. I see the potential short opportunity you've identified. However, with the current SMA values, are we sure that the S1 will be broken so easily? I am also obser...
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Feb 28