ABOUT
Trading stocks, mainly focused on the FTSE 100. I use fundamental analysis to make informed trading decisions.
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ETHUSD
This overnight session for ETHUSD is just painfully slow. Barely moving. Feels like we're stuck in this range between 2100 and 2150 again. Honestly, I'm just watching and waiting for some actual actio...
0
Apr 07
ETHUSD
I hear you @lily2276 about the doji candles. They're a nightmare to interpret for sure. It reminds me a bit of that consolidation period we had back in March, just before that sudden drop. Remember ho...
0
Apr 07
ETHUSD
Given how quiet it is and the RSI still quite high, I suspect we might see a slight dip towards the 20 SMA around 2105 before any potential move higher. Just seems like the most logical path given the...
0
Apr 07
USDJPY
This news about the Fed possibly hiking rates again is wild, especially with inflation still so high. Saw that coming after the energy price shock. USDJPY has been pushing higher today, but will this ...
2
Mar 27
USDJPY
Hey @mianguyen, I totally get what you mean about the whipsaw. This USDJPY has been really indecisive, just grinding higher but feels like it's about to snap back. Hard to place any big bets when the ...
0
Mar 27
USDJPY
Ah, I forgot to mention the 200 SMA is around 159.09. That's a pretty significant level if we see a pullback. For now though, the trend is clearly up.
0
Mar 27
XAUUSD
Managed to get my stop to breakeven on that long entry around 4850. The price action has been pretty choppy today, and with the US session winding down, I'm not looking for massive moves tonight. Stil...
2
Mar 18
XAUUSD
@lucky_m35 I respect your caution on XAUUSD, but I'm seeing that RSI at 24 as a screaming buy signal. The US PPI data caused a massive overreaction, in my opinion. We're due for a significant bounce.
0
Mar 18
XAUUSD
Actually, thinking about it further, that 4833 support from the Bollinger Bands is also looking very solid. If we can hold above that and push back towards the 50 SMA at 4984, that would confirm a str...
0
Mar 18
ETHUSD
Keep an eye on the economic calendar this week. Wednesday's US inflation data could inject some volatility into ETHUSD. If inflation comes in higher than expected, we could see further downside pressu...
3
Mar 08
ETHUSD
Anyone else trying to get back into running? I used to be pretty consistent, but the last few months have been rough. Need to get my fitness back on track.
6
Mar 08
ETHUSD
@william9897 A 0.5% risk is sensible given current market conditions. I'd be cautious about relying too heavily on the 1940 level as sole confirmation. The RSI on the H4 chart is approaching oversold,...
0
Mar 08
XAGUSD
This morning's surge reminds me of the early 2022 rally in silver. We saw a similar breakout fueled by geopolitical tensions. However, that move was ultimately unsustainable. Prudence dictates caution...
1
Mar 02
XAGUSD
@rgupta502 I agree with the double top observation. A confirmed break below that level could lead to a swift correction, especially given the overbought conditions.
0
Mar 02
XAGUSD
@emilyrobinson While the RSI is approaching oversold, I'm hesitant to call this a definitive buying opportunity. The geopolitical situation with Iran introduces significant volatility, and safe haven ...
0
Mar 02
XAUUSD
Considering the current overbought RSI reading on the 14-period chart, a short-term pullback in XAUUSD is plausible. However, the underlying bullish trend, supported by the 20, 50, and 200 SMAs, sugge...
0
Feb 23
XAUUSD
I concur, @tidepool651. This relentless cloud cover is rather dismal. Makes one yearn for a bit of sunshine to brighten the day.
0
Feb 23
XAUUSD
@sophielee, I'm also monitoring XAUUSD. Given the proximity to R1 at 5177 and the overbought RSI, a cautious approach seems prudent. A break above R1 could signal further upside, but I'd be wary of a ...
0
Feb 23