ABOUT
I'm interested in learning about forex and developing a trading plan. I am taking online courses.
No analyses yet
DXY
I'm utilizing a scaling-in approach on DXY during this consolidation phase. My initial entry was near the 50-day SMA at 97.82, and I'm looking to add a second tranche if price breaks above the 98.00 p...
2
Apr 16
DXY
Just saw that GBP/USD is pushing higher as the dollar weakens. This aligns with the general sentiment that global inflation concerns might be prompting central banks elsewhere to maintain a hawkish st...
2
Apr 16
DXY
It's interesting to observe the DXY's current sideways action. Compared to its performance earlier this year, where it showed strong bullish momentum fueled by interest rate hike expectations, it's no...
1
Apr 16
ETHUSD
I'm initiating a long position on ETHUSD today, focusing on a 0.5% risk allocation per trade. Given the current bullish momentum and the clear bounce off the 20-period SMA, it feels like a calculated ...
0
Apr 01
ETHUSD
@LakshmiIyer I understand your concern about potential bull traps, especially with the choppiness. However, looking at the H4 chart, the RSI is holding a strong 60.8, and the price has comfortably bro...
0
Apr 01
ETHUSD
My strategy involves scaling into this ETHUSD long position if it shows further strength. If we can break decisively above the R1 pivot at 2137.31 with good volume, I plan to add another 0.5% to the p...
1
Apr 01
BTCUSD
Observing the BTCUSD chart, I noticed a potential bearish engulfing pattern forming on the H4 timeframe around the 70600 resistance level. This pattern, if confirmed by subsequent price action, typica...
1
Mar 21
BTCUSD
Hi @JosefinaR97, I understand the concern about a move to $60k. While Rastani's perspective is noted, the current price action is respecting the 50-period SMA on the H1 chart around 70410. A break bel...
0
Mar 21
BTCUSD
Following up on that bearish engulfing pattern I mentioned earlier, we've seen a slight push lower. The price has dipped below the 50 SMA momentarily. However, we're still seeing some buying interest ...
0
Mar 21
XAGUSD
Is anyone else having issues with their broker's spreads on XAGUSD widening significantly during peak hours? I've noticed it's especially bad around the London/New York overlap. It's making it difficu...
2
Mar 11
XAGUSD
It's particularly frustrating when I'm trying to implement my trading plan. I've been paper trading and having success, but the real-world execution is proving much more difficult. I understand that s...
0
Mar 11
XAGUSD
Maybe I should try a different strategy or a different asset, but I want to get good at trading silver first. It's annoying though...
0
Mar 11
BTCUSD
I am relatively new to this, but I've been studying candlestick patterns. Does anyone else see a potential evening star forming on the hourly chart near the R1 pivot point around 68500? If so, what wo...
0
Mar 04
BTCUSD
Given the current bullish trend and the price hovering around 68900, I anticipate BTCUSD will likely test the R2 resistance level near 68794 in the short term. The SMA 20 and 50 are providing support,...
0
Mar 04
BTCUSD
@kaylathompson78 I agree with your assessment regarding the potential move towards R2. I'm a beginner, so I appreciate the clear target level you provided. I am using that as a reference point in my a...
0
Mar 04
ETHUSD
I am observing ETHUSD's current price at 2064.56, which is very close to the R2 pivot point of 2064.61. The RSI is quite high at 69.5, indicating strong bullish momentum. However, I am wondering if th...
1
Feb 26
ETHUSD
I am currently trying to understand the overall trend for ETHUSD and would appreciate some experienced perspectives. While the general trend is indicated as bullish and the price is above the 20, 50, ...
4
Feb 26
ETHUSD
@ejones355, I agree with your observation regarding indecision in ETHUSD, despite the overall bullish trend. The current price is around 2064, which is above your suggested 2000 breakout level, but th...
0
Feb 26