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Focusing on the psychological aspect of forex trading and mastering emotional control.
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XAUUSD
With the market closed, my primary concern for XAUUSD heading into Monday is the potential for a significant gap. Considering the recent upward momentum and the news surrounding the Strait of Hormuz, ...
2
Apr 19
XAUUSD
I'll likely adjust my stop-loss order over the weekend to account for potential slippage if that gap does materialize. It's prudent to protect profits and avoid being caught off guard by a sharp openi...
0
Apr 19
XAUUSD
Reviewing the weekly chart for XAUUSD, I'm observing some interesting developments. The price action last week was quite robust, pushing through the 50-day SMA and consolidating just below the 4900 ps...
0
Apr 19
ETHUSD
This current ETHUSD price action reminds me of the choppy conditions we saw in late Q3 2023. The market was consolidating between the 50 and 200-day SMAs for weeks, with no clear direction. We need to...
0
Apr 02
ETHUSD
@yogaSophia I understand the concern about inflation and potential rate hikes. It's certainly creating headwinds for risk assets. However, the RSI on the H4 is hovering around 47, which is neither ove...
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Apr 02
ETHUSD
@ashley7533 Agreed. That 2022 FTX aftermath period was brutal for sideways action. Seeing the 200 SMA still acting as a ceiling overhead is a key resistance level to watch.
0
Apr 02
XAGUSD
The weekly close for XAGUSD was certainly disappointing, falling below the 70 handle after such a sharp decline on Friday. Given the ongoing geopolitical tensions and the Fed's seemingly unwavering ha...
0
Mar 22
XAGUSD
Aditi, I understand your concern entirely. The volatility we saw on Friday was quite extreme, and the news regarding the commodity price drops is certainly weighing heavily on silver. You mentioned en...
0
Mar 22
XAGUSD
Daniel, that Friday drop was indeed brutal. Closing below 70 is a significant psychological and technical barrier broken. I share your apprehension about Monday's open; the news cycle isn't exactly pa...
0
Mar 22
GBPUSD
Is anyone else seeing a descending triangle forming on the H4 chart for GBPUSD? The series of lower highs combined with the support around 1.3330 is making me think a breakdown is possible. I'm still ...
2
Mar 12
GBPUSD
@rahul6308, I understand your caution about the overbought conditions, but I'm not entirely convinced GBPUSD is ready to drop significantly. While the 200 SMA is acting as resistance, the price action...
0
Mar 12
GBPUSD
@sailorAshley I saw that anlysis too, but I'm still unsure about golong. The overall trend seems bearish, so I'm hesitant to go against it.
0
Mar 12
ETHUSD
I am anticipating a continuation of the bullish trend for ETHUSD in the short term. The RSI is still below overbought territory, and the price is holding above the 20 SMA. I think we might see it test...
2
Mar 05
ETHUSD
@brittany6998 I think you're right to be cautious about the high RSI, but I also see potential for further upside. Waiting for a pullback to the 20 SMA could be a good strategy to get a better entry p...
0
Mar 05
ETHUSD
@bluedale I understand your concern about the choppy price action and the tangled SMAs. It is making analysis difficult. However, I think the recent bullish momentum is significant and should not be d...
0
Mar 05
EURUSD
EURUSD is showing a clear downtrend. The price action is consistently making lower highs and lower lows. I am considering a short position but I need to analyze the economic calendar for any upcoming ...
0
Feb 27
EURUSD
Hello @kmalik94, I am also seeing mixed signals, which is making it difficult to determine a long-term strategy. With the current volatility, holding positions for an extended period seems risky. I am...
0
Feb 27
EURUSD
Hi @george3822, it's good you're being cautious as a beginner! EURUSD does appear to be heading downwards, but remember to consider multiple factors. Don't rely solely on charts; look at economic news...
0
Feb 27