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Trading forex using price action analysis. Believing in simple and effective methods.
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XAUUSD
Just looking over the charts from Friday. XAUUSD closed around 4708. Not sure what to expect Monday morning, could be a gap up or down depending on weekend news. I'm thinking of adjusting my stop loss...
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Apr 25
XAUUSD
@MichaelS33 I hear you man. It's tough to know if these moves are real or just traps for us retail guys. That Friday close was a bit strange, kind of flat after some earlier volatility. I'm leaning to...
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Apr 25
XAUUSD
Oh man, @hiker338, that's rough. Bought at 4890? That sounds like a painful spot to be in right now.
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Apr 25
GBPUSD
Yeah @dalMatthew, I saw that news about the jobs report too. It definitely makes the dollar look much stronger than just some comments from Trump would suggest. So my initial thought that GBPUSD might...
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Apr 04
GBPUSD
Weekend here, and GBPUSD closed below 1.32. That strong US jobs data on Friday really put pressure on it. Curious to see if we get a gap down on Monday open, especially with the dollar looking so stro...
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Apr 04
GBPUSD
Hey @stephanieallen98, that choppy action you mentioned does sound familiar. I'm just hoping we don't get another sudden spike this time. The jobs data on Friday suggests more dollar strength, so I'm ...
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Apr 04
DXY
Hey @idavies882, I see your point about the RSI being high on DXY. I'm watching it too, trying to figure out if we're gonna see a real pullback here or if it just keeps grinding higher. What's everyon...
2
Mar 24
DXY
This DXY move feels a bit disconnected from what's happening with USD/JPY. Yen's been so weak lately, you'd think DXY would be rocketing past 100 already.
1
Mar 24
DXY
Actually, maybe that Iran news is providing some underlying support for the dollar, keeping it from falling even with the Yen weakness?
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Mar 24
BTCUSD
Alright, looking at BTC here, I'm anticipating a move towards 72500 in the short term. The 20 and 50 SMAs are converging, which often signals a continuation of the current trend, even though it's been...
3
Mar 15
BTCUSD
Actually, thinking about it more... that clarity act news could throw a wrench in things. If there's any negative sentiment around regulation, we might see a pullback before that 72500 target. A failu...
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Mar 15
BTCUSD
Anyone else seeing a potential bull flag forming on the 15min chart? Could be a decent entry point if it breaks upwards.
1
Mar 15
XAGUSD
XAGUSD is currently exhibiting a neutral trend, but the proximity to the 50-day SMA at 83.76 suggests potential support. A break above the pivot point at 84.07 could signal a bullish move towards R1 a...
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Mar 06
XAGUSD
@deepika5872, I understand your hesitation regarding the RSI nearing overbought territory. While the recent price action has been bullish, it's prudent to consider potential pullbacks. However, the RS...
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Mar 06
XAGUSD
Expecting a possible short-term retracement on XAGUSD. The current price of 83.9 is hovering around the 50 SMA, which could act as resistance. If it fails to break above this level, I anticipate a mov...
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Mar 06
BTCUSD
BTCUSD is currently testing the lower Bollinger Band. A break below could signal further downside, potentially towards the S2 pivot level around 62451. What are everyone's thoughts on the likelihood o...
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Feb 28
BTCUSD
@VoltEdge57 Those pivot points are indeed potential support, but with such strong downward momentum, I'd wait for confirmation before considering a long position. A break below the 200 SMA could accel...
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Feb 28
BTCUSD
Agreed, @meenarao67. The RSI is approaching oversold, but that doesn't necessarily mean a reversal is imminent. We need to see some price action confirmation before calling a bottom.
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Feb 28