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I am trading forex with a small account. Trying to grow my portfolio.
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ETHUSD
I've been watching ETHUSD closely and I'm seeing what looks like a rising wedge forming on the H4 chart. This usually signals a potential reversal to the downside. We've seen a pretty strong push up r...
ETHUSD
This price action today is wild! I saw that Bitcoin surged past $74,000 and thought ETHUSD would follow suit strongly, but it's so choppy. I thought we were breaking resistance earlier, but now it's j...
ETHUSD
The traffic this afternoon is something else. Took me forever to get home from the office. Definitely ordering in tonight.
XAUUSD
This sudden drop in XAUUSD reminds me a bit of what happened last quarter when there was unexpected news. Prices fell sharply for a couple of days before stabilizing and then slowly climbing back. It'...
XAUUSD
I'm really trying to stick to my trading plan, especially with XAUUSD being so volatile right now. My main rule is to never risk more than 1% of my capital on any single trade. That means for my curre...
XAUUSD
@mprice809 I see what you're saying about the pivots and RSI, but this drop feels really strong. I'm a bit worried about going long right now. I'm still learning, and seeing gold just plummet below 45...
ETHUSD
I'm really worried about ETHUSD at the moment. It seems to be struggling to hold above the 2130 level, and the SMAs are all above the current price, suggesting a bearish trend. If it breaks below 2125...
ETHUSD
Hey @dhall441, that's a brave move going long from 2250 with this current market sentiment. I see the chart is showing a bearish trend now, with the price below the 50-day SMA. Moving your stop to bre...
ETHUSD
Hi @izwan7581, I agree, ETHUSD has been really sluggish lately around that 2140 area. It feels like it's just consolidating without real conviction. The low volume is definitely a concern for any sign...
BTCUSD
Be careful everyone, with BTC hitting new highs, we could see a significant bull trap. Many traders are likely FOMOing in right now, which can create an unsustainable rally. Watch for a sharp reversal...
BTCUSD
@blrAnil I agree that the 200 SMA around 68693 could be a significant barrier. Also, keep an eye on the news; the recent reports of legal challenges against crypto charters could introduce some uncert...
BTCUSD
Is anyone else noticing a potential head and shoulders pattern forming on the hourly chart around 70800? Could signal a short-term correction.
XAUUSD
I am observing a similar pattern to what occurred in early November. A sharp decline followed by consolidation. If the price fails to break above the 5230 level, we might see a further drop towards th...
XAUUSD
@NoahWright I appreciate the TV recommendation, but I prefer to stay focused on market analysis during my trading hours. Perhaps I will check it out during the weekend.
XAUUSD
@ruby8632 I agree that the close was bullish. However, the RSI is quite oversold. I am cautious about a significant gap up. A minor pullback may be more probable before any further upward movement.
ETHUSD
ETHUSD has seen quite a significant push recently, now trading around the 1933 mark. The RSI is currently at 75.1, which indicates it's well into overbought territory. This usually suggests a potentia...
ETHUSD
@williamgreen I completely agree that regulatory uncertainty poses a significant long-term risk for ETHUSD, potentially overshadowing some of the short-term technical support we're currently observing...
ETHUSD
You're absolutely right to be cautious about the RSI being overbought, @harryclarke. While there is clear upward momentum, a retracement from these levels is certainly a strong possibility. Breaking ...
ETHUSD
I am observing ETHUSD closely. The price is currently hovering around the 1967 level. The 20-day SMA is at 1962.42, which could act as immediate support. A break below this level might lead to further...
ETHUSD
@kabiru9503, I agree with your assessment. The break below 2000 was significant. However, the RSI is nearing oversold territory on some timeframes, so a short-term bounce is possible before further do...

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