ABOUT
Interested in forex trading and global market analysis. I'm looking to diversify my portfolio.
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USDJPY
It's tough waiting for confirmation, but sometimes the best trade is the one you don't take. Patience is truly a virtue in this game, gotta trust the process.
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Apr 08
USDJPY
Hey @oliviawright49, I see what you mean about the Bollinger Bands resistance around 159.82. It's a tricky spot. The price is definitely above the 200 SMA which is usually a good sign, but you're righ...
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Apr 08
USDJPY
Hi @ArchieC8, I feel you on that coin toss feeling. It's so hard to tell when the bands are tight like that. My strategy is usually to wait for a clear break with decent volume, but it's so tempting t...
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Apr 08
USDJPY
Man, this weekend is dragging. Staring at the USDJPY chart from Friday, feels like it's just hanging there. I'm still worried about that overbought RSI though, and the Fed news about potential hikes i...
2
Mar 27
USDJPY
Wait, I was thinking about that AUD/JPY selloff mentioned in the news. If that risk aversion is really kicking in, it might pull USDJPY down too, even if the dollar looks strong generally. So maybe th...
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Mar 27
USDJPY
Also, @ThomasWilson24, your short at 158.95 looked interesting. I'm not sure if I'd have the guts to short with the overall bullish trend, but seeing that rejection from higher levels and the news abo...
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Mar 27
ETHUSD
Watching ETHUSD during this quiet Sydney session. I'm trying a scaling-in approach on dips. If price drops to a support level like the S2 pivot around 2135, I might add a small portion to my existing ...
1
Mar 18
ETHUSD
@mbotha773 Your point about trailing stops is spot on. I'm trying to implement that more consistently to lock in profits on my ETHUSD trades, especially when the market is choppy.
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Mar 18
ETHUSD
@ella93 Yeah, the RSI does look a bit high on the H4 for ETHUSD. Given how quiet it is now, I'm wondering if that resistance near 2200 will hold or if we'll just range sideways until London opens.
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Mar 18
XAGUSD
This week was a mixed bag for me with XAGUSD. Opened a couple of short positions early in the week anticipating a pullback from that resistance around 85, but it kept pushing higher. Should have paid ...
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Mar 08
XAGUSD
@AmeliaB76 I'm actually leaning towards a gap down as well. While a gap up might present a short-term profit opportunity, the overall trend still looks bearish to me considering the 200 SMA is way up ...
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Mar 08
XAGUSD
@william645 Reducing exposure is probably a smart move. Geopolitical tensions are definitely adding to the uncertainty. I'm also concerned about a potential drop, given the recent rally. Even with the...
0
Mar 08
GBPUSD
Is it just me, or is GBPUSD looking particularly bearish today? The price action is consistently downwards, and the RSI is below 40. I'm trying to understand if this is a temporary dip or the start of...
1
Mar 02
GBPUSD
Update: Just noticed the SMA 20 crossing below the SMA 50. That seems like a strong bearish signal. Might consider a small short position if it breaks 1.3390. Though I'm still hesitant given the volat...
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Mar 02
GBPUSD
@michael604 Gym and a movie sounds like a great way to de-stress! I wish I could disconnect from the charts so easily. I've been glued to GBPUSD all morning, trying to make sense of this bearish movem...
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Mar 02
GBPUSD
Looking at GBPUSD, the price is currently around 1.35266, and the RSI (14) is at 63.3. This suggests a bullish momentum. I'm considering a long position if it breaks past the R1 pivot point at 1.35359...
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Feb 23
GBPUSD
Interesting observation @nFatimah55 about the indecisive movement around the 50 SMA. I agree that the sideways action is a bit concerning. Given the current bullish trend, could the volatility you men...
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Feb 23
GBPUSD
I see what you mean about the bearish signs, @freya1987. The struggle to break the 20 SMA is definitely something to watch. However, the RSI is still above 50, indicating some underlying strength. If ...
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Feb 23