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I trade based on technical analysis and price action in forex. I am always improving my strategy.
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BTCUSD
Watching the BTCUSD charts, I'm seeing a potential double bottom forming around the 75500 area. The 200 SMA is still above price, which is a bit concerning, but the RSI is starting to climb out of ove...
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Apr 24
BTCUSD
What's everyone's read on this current BTCUSD consolidation? The market seems a bit hesitant after that quick dip yesterday. Some headlines are talking about Metaplanet buying more, which is bullish l...
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Apr 24
BTCUSD
Hey @mlewis708, I see what you mean with that descending triangle on the 1H. It does look bearish on that timeframe. However, I'm also looking at the 4H and the RSI is actually showing some bullish di...
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Apr 24
XAUUSD
Feels like forever until Monday open. Just reviewing last week's XAUUSD close. That Friday drop was pretty sharp, ended up below the 50 SMA. Curious to see if any gaps open up or if we get a consolida...
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Apr 04
XAUUSD
@aminata4342 Brutal lesson indeed. The displacement candle is key, especially with this much volatility around PGM news. You mentioned breaker blocks – that's exactly the kind of setup I look for afte...
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Apr 04
XAUUSD
@davidgarcia96 I hear you on the political uncertainty driving gold. The PH7 tech news is interesting but probably not moving gold directly unless it impacts broader market sentiment. Watching that 47...
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Apr 04
USDJPY
Watching that pullback on USDJPY. The yen weakness from the inflation report is still a factor, but the Fed's stance is a strong counter. Might see a squeeze up towards the 50 SMA if 158.60 support ho...
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Mar 24
USDJPY
Actually, I'm leaning towards that 158.60 area being a key inflection point. If we can't reclaim the 50 SMA soon, the bearish momentum from the earlier drop could reassert itself, especially with that...
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Mar 24
USDJPY
@SwiftMark74 I agree, that drop was sharp. The 158.00 level is a good psychological area, but the S2 pivot at 157.87 is definitely the critical zone to watch for any sustained move down.
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Mar 24
GBPUSD
Wondering what the smart money is planning for GBPUSD next week. Last week's close was pretty bearish, sitting just above S2 at 1.322. Anyone expecting a gap down on Monday considering the news out of...
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Mar 14
GBPUSD
@nsiddiqui94 Good points about focusing on risk management. It's easy to get caught up in the potential profits, especially with how volatile the market has been lately, but protecting capital is prio...
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Mar 14
GBPUSD
@babatundeadewale I saw that hammer too. RSI is oversold on the daily, but with the dollar strength from the Iran news, I'm hesitant to golong just yet. Need to see a stronger confirmation before I'd ...
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Mar 14
EURUSD
Took a long position yesterday evening at 1.1605 based on the 50 SMA bounce. Closed it out just now at 1.1620. Small profit, but a win is a win. Looking for the next setup, maybe a short if it breaks ...
1
Mar 06
EURUSD
Update: might have closed too early. Price is pushing higher now. Still, sticking to my plan. Better to take profit than hold and risk a reversal. Will re-evaluate during the London session. Keeping a...
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Mar 06
EURUSD
@megan9347 Sideways action is tough. I agree about the slight upward trend IF it holds. I'm watching the SMAs closely. 50 SMA at 1.16132 seems like a key level. If it breaks below that, I'd be more be...
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Mar 06
XAGUSD
Another weekend staring at charts... I'm itching to see how XAGUSD opens on Monday. That close near 94 could mean a gap up. Hoping for some early volatility to capitalize on. Need to stay patient thou...
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Feb 28
XAGUSD
@matthewdavis41 I agree, XAGUSD was indecisive last week. But with the strong close, I'm leaning bullish now. A break above the upper Bollinger Band could signal a strong continuation. Keep an eye on ...
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Feb 28
XAGUSD
Brittany, I'd be careful shorting with that RSI. A pullback is possible, but the overall trend looks upward. Might be a risky play.
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Feb 28