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Trading forex with a focus on risk management and capital preservation. I'm a patient investor.
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ETHUSD
Seeing ETHUSD play out today has been interesting. We've broken below the 50-day SMA and are looking quite weak, currently sitting at the S2 pivot support level. The price action seems to be forming a...
1
Apr 29
ETHUSD
Actually, looking closer at that descending channel I mentioned, the upper boundary has been tested multiple times. If we manage to break above the 20-day SMA resistance around 2299, that could signal...
0
Apr 29
ETHUSD
Hey @evelynhall60, I totally get your confusion. The BTC news is a bit of a distraction here, ETHUSD is showing clear bearish momentum on its own chart. We've broken key SMAs and the price is respecti...
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Apr 29
GBPUSD
Anyone else looking at GBPUSD right now? It's just sitting here in the Asian session. I've got my eye on that 1.3170 pivot point. If it breaks below that, I'm wondering if we might see a further push ...
0
Apr 05
GBPUSD
Hey @dwhite987, I agree, the close below the 200-hour SMA on Friday was definitely a bearish signal, and the dollar's strength was palpable. I'm also seeing that RSI at 30.4, which is screaming overso...
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Apr 05
GBPUSD
@JessicaDavis Yeah, the dollar strength is a big factor. That RSI being so low is confusing, feels like it should bounce but the overall picture is still pretty grim for cable.
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Apr 05
EURUSD
This EURUSD bearish momentum is really concerning. We've seen a clear break below the S1 pivot and the RSI is sitting comfortably in oversold territory around 40. Given the current geopolitical jitter...
1
Mar 25
EURUSD
Hey @jessica2003, I think we're going to see continued volatility into next week, especially with that recession news making the rounds. My gut says we'll test lower levels before any real stabilizati...
0
Mar 25
EURUSD
Totally agree, @JoseReyes82. It's easy to get caught up when it looks like a clear run, but risk management is everything. That SMA 20 break is definitely one to watch.
0
Mar 25
BTCUSD
Olivia, that's a solid observation on the H4 RSI divergence. I'm watching the 74500 resistance level very closely. If BTC can't break cleanly through that and we start to see bearish divergence on the...
2
Mar 16
BTCUSD
Continuing on that thought, if BTC does manage to push above 74500, I'm going to be extremely cautious. The current rally feels a bit stretched, and seeing the South Korean fines on Bithumb could intr...
0
Mar 16
BTCUSD
Oh, and Aiden, I saw your long around 74150. Good luck with that scalp, but be mindful of that R1 pivot at 74328. It might be a tough nut to crack.
0
Mar 16
ETHUSD
I've just initiated a short position on ETHUSD at 1978.50. My target is 1950, aiming for a 1:2 risk-reward ratio, with a stop loss just above the pivot point at 1985. Let's see if this bearish momentu...
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Mar 07
ETHUSD
@joshua2365 Spot on! That H4 bearish divergence is quite compelling. I'm seeing the same pattern, and it's definitely influencing my decision to short ETHUSD. Thanks for pointing that out!
0
Mar 07
ETHUSD
Update on my short position: currently holding steady, but the sideways action is making me a bit nervous. I've adjusted my stop loss to 1979 to protect capital in case of a surprise bounce. Still con...
0
Mar 07
GBPUSD
The weekly close on GBPUSD was quite telling, wasn't it? Despite the late session volatility, we managed to hold just above that key 1.3470 level. I'm seeing a potential for a bullish reversal next we...
0
Mar 01
GBPUSD
@emorgan714 I agree with your assessment of the downward momentum, Ella. Your entry at 1.3575 was well-timed, considering the resistance levels we've been observing. However, I'd be cautious about the...
0
Mar 01
GBPUSD
Next week, I anticipate increased volatility in GBPUSD due to the escalating geopolitical tensions. Monitor the DXY closely for any significant movements that could influence the pair. Expecting a gap...
0
Mar 01