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I trade forex and my goal is to generate passive income. I'm constantly learning and refining my strategies.
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EURUSD
Brandon, I hear you on the whipsaws. The price action around 1.1700 has been tricky. Given the current geopolitical backdrop and the dollar's strength, I'm personally favoring a cautious approach. We'...
EURUSD
Actually, looking at the H4, that dip on Friday held at the S1 pivot around 1.1684. It's showing some resilience there, which is interesting given the bearish headlines.
EURUSD
But seriously though, the macro sentiment is still very risk-off. With the Eurozone manufacturing numbers looking grim and the energy crisis, it's hard to ignore the bearish undertones. The dollar str...
ETHUSD
Seeing a potential bullish engulfing pattern forming on the 15-minute chart for ETHUSD around the 2045.82 Bollinger Band support level. If this candle closes strongly above the previous one, it might ...
ETHUSD
Upon further review, that bullish engulfing isn't entirely convincing. The volume on the preceding bearish candle was significant, and we're still trading below the 20 SMA. I might hold off on initiat...
ETHUSD
@BrandonWhite I agree, patience is definitely key. This chop around the 2050 area is tricky, but I'm looking for a decisive break either way. Watching those intraday pivots closely.
EURUSD
Hey @gauravshah96, I feel you on that choppiness around the 50 SMA. It's like a battle zone there. Hope your breakeven stop saves you if it turns south! I actually just moved my own stop to breakeven...
EURUSD
Yeah, it's just so uncertain right now with all the conflicting news. The Fed sounding hesitant about rate cuts because of potential oil price shocks, but then you have the dollar weakening against th...
EURUSD
Wow, this news about the US and Israel potentially striking Iran is really shaking things up. Did you guys see that? Suddenly the focus shifts entirely from interest rates to geopolitical risk. Thi...
USDJPY
Anyone else looking at USDJPY next week? With the DXY pushing highs, and geopolitical risks still in play, I'm expecting continued upside. I'm curious to hear what others are anticipating. Any thought...
USDJPY
Planning my approach for Monday's open on USDJPY. Given the bullish momentum from last week, I'll be watching for a potential gap up. If it gaps up and holds above 159.80, I'll consider a long positio...
USDJPY
@andrewanderson63 I agree completely about waiting for confirmation. Chasing breakouts on USDJPY has definitely been painful in the past. It's tempting to jump in when you see that initial move, but m...
XAUUSD
Took a short position on XAUUSD yesterday evening at 5148, anticipating a pullback during the Asian session. Initial TP was set at 5130, with a SL at 5155. Unfortunately, the market consolidated overn...
XAUUSD
@DivyaRao I agree that the S1 pivot at 5075.03 is a key level to watch. However, I'd be cautious about relying solely on that for support, given the current market volatility. Confirmation with other ...
XAUUSD
Update: Reviewed the chart again, and it appears the 50-period SMA around 5142.28 acted as stronger resistance than initially anticipated. I should have factored that in more heavily when setting my s...
XAUUSD
Weekly close shows a strong bullish engulfing pattern. However, the overbought RSI on the daily chart warrants caution. I'll be monitoring for a potential bearish divergence early next week as a signa...
XAUUSD
@AnjaliSingh While the RSI is elevated, momentum can persist longer than expected. I'd suggest waiting for confirmation of a reversal pattern before anticipating a significant pullback. Consider Fibon...
XAUUSD
My strategy for Monday involves monitoring the opening gap. A significant gap up could trigger profit-taking, presenting a short-term selling opportunity. Conversely, a gap down might signal a continu...
BTCUSD
A potential short opportunity may arise if BTCUSD fails to sustain its momentum above the 68200 level. I'm watching for a confirmed bearish divergence on the hourly RSI, coupled with a break below the...
BTCUSD
Market sentiment on BTCUSD remains cautiously optimistic, fueled by ongoing institutional adoption and inflation concerns. However, regulatory risks and potential profit-taking could trigger a signifi...

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