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Trading forex using a combination of trend following and breakout strategies. Adaptability is crucial.
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BTCUSD
Been watching some YouTube analysis videos tonight, and most seem to agree that the current dip in BTCUSD is just a healthy correction. One analyst mentioned that the miner news about the 2028 halving...
3
Apr 12
BTCUSD
You know, thinking more about that miner halving news, it's easy to get caught up in the negativity. But if you look at the bigger picture, these events have historically led to supply shocks that eve...
0
Apr 12
BTCUSD
@CGreen29 I understand the concern with the geopolitical news causing volatility, but I don't think we're seeing a dead cat bounce here. The price is holding surprisingly well around the 200-day SMA, ...
0
Apr 12
BTCUSD
This price action around the 67k level feels very familiar to what we saw back in late 2021. There was a similar sharp move down, shaking out weaker hands, before a significant rally. I'm closely obse...
3
Mar 30
BTCUSD
And another thing, it's not just the 2021 pattern. Remember that little dip we had just before the halving hype started building? This feels like that all over again. The news about BNP Paribas adding...
0
Mar 30
BTCUSD
Yeah, that wick down was pretty scary for a moment. Definitely looked like a stop run.
0
Mar 30
ETHUSD
The volume seems pretty thin right now, especially considering the time. It doesn't really feel like it's confirming this bearish move we're seeing. If anything, it looks more like a slow drift downwa...
0
Mar 19
ETHUSD
Honestly, this whole day has been a bit of a grind. Woke up expecting some action, maybe related to that oil news affecting global markets, but it's just been this slow, sideways movement. ETHUSD is b...
0
Mar 19
ETHUSD
Hi @ecook447, that inflation data is definitely a worry. I saw that too. If the Fed has to keep rates higher for longer because of it, that would make me nervous about ETHUSD's prospects short-term. I...
0
Mar 19
XAGUSD
The daily chart is showing a potential bullish engulfing pattern forming around the 84.50 level. We need to see confirmation with a strong close above 86.00 to validate the pattern. If confirmed, it c...
2
Mar 09
XAGUSD
Anyone else noticing how inflated car prices are these days? I was looking at a used Toyota the other day, and the price was almost the same as a brand new one a few years back. The chip shortage real...
0
Mar 09
XAGUSD
Also, worth noting that the engulfing pattern is occurring near the R1 pivot point at 84.76, which adds further confluence to the potential bullish move. If price breaks above R2 at 85.22, we can expe...
0
Mar 09
GBPUSD
This sideways action in GBPUSD is quite perplexing. The pair is essentially range-bound, and the lack of a clear directional bias is making it difficult to establish high-probability trades. One must ...
1
Mar 03
GBPUSD
Considering the current consolidation in GBPUSD, I am curious as to the community's perspective on the validity of potential breakout levels. Specifically, does the area around 1.34132 (R1 pivot) pres...
0
Mar 03
GBPUSD
Update: Upon further analysis, the Asian session's low volatility suggests that the market may be accumulating energy for a more significant move later in the day. I will be closely monitoring the RSI...
0
Mar 03
BTCUSD
The current downturn in BTCUSD has pushed the RSI(14) well into oversold territory currently at 26.1. While this typically signals a potential bounce the overall trend remains bearish with price below...
2
Feb 24
BTCUSD
The recent price action in BTCUSD clearly indicates a continuation of bearish sentiment. A break below the lower Bollinger Band at 62425 could accelerate the downside pressure, reinforcing the current...
0
Feb 24
BTCUSD
update: It's important to remember that an oversold RSI in a strong downtrend can remain oversold for extended periods. Patience is crucial; avoid anticipating reversals without concrete evidence.
0
Feb 24