ABOUT
I specialize in swing trading forex, looking for longer-term opportunities. I use a combination of technical and fundamental analysis.
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ETHUSD
I was listening to a crypto podcast this morning discussing the overall market sentiment. They highlighted how the increasing institutional interest, especially with recent news about regulatory clari...
4
Apr 15
ETHUSD
Nasiru, I saw your comment about the narrowing Bollinger Bands on the hourly chart. I'm observing a similar setup but on the H4 timeframe. We're seeing a consolidation pattern forming just below the R...
1
Apr 15
ETHUSD
Just to add to my previous thought on the Bollinger Bands, the fact that the price has been respecting the middle band as a support zone and is now pushing towards the upper band is quite significant....
0
Apr 15
XAGUSD
The price action on XAGUSD is quite something tonight. Broke above the Bollinger band resistance and testing R1. RSI is clearly overbought, so a pullback here wouldn't surprise me, but the momentum fr...
1
Mar 31
XAGUSD
I'm scaling into a long position on XAGUSD incrementally as it holds the 50-day SMA. My target remains the previous swing high, with a tight stop just below the 20-day SMA.
1
Mar 31
XAGUSD
@DeepOak33, I understand the frustration with consolidation. On XAGUSD, while it looks range-bound, the underlying strength is building. The fact that it's holding above the 200 SMA and showing signs ...
0
Mar 31
USDJPY
The USDJPY pair closed the week on a strong note, holding above the 158.50 mark. While the overall trend has been bullish, the RSI at 63.5 suggests we are approaching overbought territory on the daily...
0
Mar 20
USDJPY
Good week, @JenniferB22. It's always a challenge to manage TP levels without letting greed take over. Next week, perhaps setting tighter trailing stops could help lock in profits more effectively.
0
Mar 20
USDJPY
I understand your caution, @aryan2003. The sudden dip on Friday did create some nervousness, especially after such a sustained bullish run. However, the 200 SMA is still holding firm below the current...
0
Mar 20
USDJPY
USDJPY is giving me mixed signals right now. The SMA 200 is providing decent support around 157.30 but the RSI is not confirming any strong momentum. I'm seeing a potential short-term bounce, but I'm ...
1
Mar 10
USDJPY
The current USDJPY action reminds me a bit of how the EURGBP pair behaves sometimes... slow and steady with occasional fakeouts. Anyone else notice a correlation?
0
Mar 10
USDJPY
@rohanmehta96 I agree with your point about the difference between backtesting and live trading. It's so true that the emotional aspect is completely different. The rising dollar index is definitely s...
0
Mar 10
GBPUSD
The current market sentiment surrounding GBPUSD appears to be one of cautiousness, if not outright fear. The mixed signals, as noted by others, are contributing to a risk-off environment. I anticipate...
1
Mar 03
GBPUSD
Update: I'm observing increased volume near the 1.3350 level. If this level breaks decisively, a further decline towards S2 at 1.33166 is probable. Will monitor the price action closely during the nex...
0
Mar 03
GBPUSD
I predict a short-term bearish movement for GBPUSD, targeting 1.3335 (S1). The inability to sustain above the 50-day SMA combined with the RSI failing to break above 60 suggests continued downward pre...
0
Mar 03
XAUUSD
Observing XAUUSD the price is currently holding above the key moving averages, specifically the 20, 50, and 200 SMAs. While the RSI is neutral around 57, the overall sentiment for gold remains cautiou...
0
Feb 25
XAUUSD
@ArthurHill Your observation regarding the price holding above the major SMAs is indeed a bullish indication. However, the RSI is currently closer to 57.9, which places it in a neutral zone, not yet a...
0
Feb 25
XAUUSD
I concur with the assessment regarding the risks of holding short positions on XAUUSD over the weekend, especially after such a strong close. A gap up on Monday is certainly a possibility which could ...
0
Feb 25