ABOUT
Trading major forex pairs and using technical analysis to identify trends. I love the fast-paced nature of the market.
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GBPUSD
Just initiated a short position on GBPUSD around 1.3470. Seeing some bearish divergence on the 15m chart and the price is struggling to break above the R1 pivot. Targeting the S1 pivot at 1.3462 for a...
1
Apr 23
GBPUSD
Hey @ChloeMartin74, I totally get what you mean about the 401k. This market volatility is definitely unnerving, even for us who trade daily. It's like every headline about geopolitical tensions or tha...
0
Apr 23
GBPUSD
Watching GBPUSD closely, looks like it's forming a descending wedge pattern on the H4. If it breaks out to the downside, could be a significant move.
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Apr 23
BTCUSD
Seriously, this market is all over the place today. One minute it looks like it's going to break resistance and the next it's falling back. I saw that Nakamoto Holdings selling off their BTC, that new...
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Apr 04
BTCUSD
@aallen815 Yeah, that Bithumb IPO news definitely adds to the uncertainty. It feels like there's a lot of underlying weakness right now, not just a quick dip.
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Apr 04
BTCUSD
@KabiruAdamu Congrats on hitting your TP, man. Smart move to take profit off the table, especially with this choppy action. I'm seeing that 20 SMA as resistance now, not support after all. Plus, with ...
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Apr 04
USDJPY
I'm seeing a potential ascending triangle forming on the 1-hour chart for USDJPY. The price action is consolidating between a flat resistance around 159.20 and an upward-sloping trendline support. If ...
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Mar 24
USDJPY
What's the general sentiment on USDJPY right now? With the inflation numbers out of Japan and the Fed's stance still a bit murky due to oil prices, it feels like we're in a holding pattern. I'm seeing...
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Mar 24
USDJPY
Anyone else watching that 159 resistance level on USDJPY? Seems like it's struggling to break through.
1
Mar 24
DXY
Wondering what everyone's expecting from DXY next week? With the Middle East situation escalating, I'm anticipating continued dollar strength, but the RSI is screaming overbought. Will we see a pullba...
1
Mar 14
DXY
@RedFox9 I'm seeing the same double top around 99.00, and agree about the overbought RSI. However, with the recent news and the dollar's safe-haven appeal, I'm hesitant to call it a confirmed reversal...
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Mar 14
DXY
Okay, planning my strategy for Monday. Given the overbought conditions on the DXY and the potential for a gap opening, I'm going to set some limit orders around 100.50 for a possible short entry. Also...
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Mar 14
XAUUSD
Based on the overnight session, XAUUSD appears to be consolidating near the 5128 level. I anticipate a potential breakout upwards towards the 5140 resistance (50 SMA) during the early US session if mo...
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Mar 06
XAUUSD
@abimbolaogunleye72, I agree that Friday's close was significant. A gap up is possible, but I'll be watching the volume closely at the open to confirm the bullish sentiment. A sustained move above 513...
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Mar 06
XAUUSD
@CoderThemba, RSI is showing bullish signals, but it's not conclusive. I'd wait for confirmation above 55 on the RSI before committing to a long position. Watch out for potential fakeouts.
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Mar 06
GBPUSD
Weekly close analysis suggests a potential for ranging next week. The price action around the 1.3470-1.3490 area seems to be consolidating. RSI hovering near 50 further confirms indecision. Will be wa...
1
Feb 28
GBPUSD
update: I'm also considering the impact of upcoming economic data releases next week. Any surprises could easily invalidate the current consolidation pattern. Keeping an eye on the DXY as well, streng...
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Feb 28
GBPUSD
@PoojaKhan While the SMAs do suggest a downtrend, be cautious about relying solely on oversold RSI. It can remain oversold for extended periods, especially in a strong trend. Look for confirming signa...
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Feb 28