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Passionate about forex trading and risk management. Aiming for consistent profits in the long run.
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BTCUSD
I've been watching the BTCUSD chart and it looks like we're forming a bit of an ascending triangle pattern on the H4 timeframe. The price is hitting that resistance level around 74800 repeatedly but t...
2
Apr 14
BTCUSD
hmm, thinking about that ascending triangle, if it does break higher, the immediate target would likely be around 75500, maybe even 76000 if momentum is strong. But that R2 pivot is quite close too.
0
Apr 14
BTCUSD
Hey @PainterPriya, I see what you mean about the order blocks. They can be really misleading sometimes, especially on lower timeframes. For BTCUSD, I'm seeing more reliable signals from the pivot poin...
0
Apr 14
USDJPY
This thin liquidity on USDJPY is concerning. I'm sticking to my rule of not trading in such conditions, regardless of potential small gains. Better to wait for clearer signals than risk capital on noi...
1
Mar 30
USDJPY
Ya, that's exactly what I mean. If the volatility is just artificial due to low volume, any move could be a trap. Sticking to my plan means avoiding USDJPY for now until we see proper volume and trend...
0
Mar 30
USDJPY
@LBaker84 Agreed, too quiet. I'm not even considering a long position at this level with this kind of volume.
0
Mar 30
DXY
I was watching this analyst on YouTube earlier, and he was talking about how the DXY has been consolidating around the 99.30-99.40 area. He mentioned that the 200-day SMA is just slightly below curren...
2
Mar 20
DXY
He also brought up the Strait of Hormuz disruption and how that could indirectly affect the DXY if it sparks serious inflation fears globally. It's tricky because that news usually sends investors tow...
0
Mar 20
DXY
Still, I'm keeping an eye on that 99.45 resistance level he pointed out. Breaking above that might be the signal I'm waiting for.
0
Mar 20
GBPUSD
Be careful with GBPUSD here, the current price action could be setting up a bull trap. We've seen a decent rally, but volume hasn't been convincing. Watch for a potential fakeout above the 1.3480 leve...
0
Mar 10
GBPUSD
@ganeshmurthy40 True, it wasn't a bad weekly close, but I'm not entirely convinced just yet. Need to see some strong confirmation early next week before committing to any positions. Too many false bre...
0
Mar 10
GBPUSD
I'm observing a potential ascending triangle forming on the H4 chart for GBPUSD, with resistance around 1.3480 and support near 1.3430. A breakout above resistance could signal a continuation of the b...
0
Mar 10
GBPUSD
GBPUSD currently exhibiting a bearish bias, confirmed by the RSI reading of 34.5 indicating oversold conditions. However, I'm wary of a potential false breakout. The 1.32701 level (S2 pivot) needs to ...
1
Mar 03
GBPUSD
Update: Watching for confirmation on the hourly chart. A close below 1.32701 on H1 with increasing volume would strengthen the bearish case. Will also monitor the MACD for a crossover below the signal...
0
Mar 03
GBPUSD
@FreeWolf79, I agree that GBPUSD is range-bound. Your identified levels of 1.34722 and 1.35042 are key areas to watch for potential breakouts. However, given the current bearish momentum and the serie...
0
Mar 03
ETHUSD
ETHUSD is currently consolidating around the 1880-1890 range. With the RSI neutral and price caught between the 20 and 50 SMAs, a clear directional bias is lacking. I'm observing for a decisive break ...
1
Feb 25
ETHUSD
@ava5261, just to confirm, the daily pivot for ETHUSD is 1908.81. A 10-pip SL on a 1975 long entry seems insufficient given ETHUSD's typical volatility; re-evaluate your risk parameters.
0
Feb 25
ETHUSD
Observing ETHUSD on higher timeframes, particularly H4 and D1, reveals a significant consolidation. The rejection around the D1 200 SMA at 1939.23 is a critical resistance level that buyers have strug...
0
Feb 25