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I enjoy trading forex and learning about different economic strategies. The global market is always interesting.
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USDJPY
Man, USDJPY just doesn't want to give up the lows today. I'm watching this 157.80 area like a hawk. If we can hold this support and maybe see a bullish engulfing on the 15m chart, I might just throw a...
USDJPY
Yo @kabiru1989, I feel you on that 159.30 level. Looked like a decent bounce spot but then the New York open just crushed it. Honestly, I was thinking about going long there too, but something felt of...
USDJPY
That hammer candle on the 1-hour chart around 157.90 is looking pretty spicy. Could be a reversal signal if we get some follow-through buying.
GBPUSD
Alright, just moved my stop loss on this GBPUSD long up to breakeven. Saw that little dip attempt around 1.3294 but it bounced hard. Feels like smart money is defending this level. If it keeps pushing...
GBPUSD
@ZainabM78 lol I feel you! It's so easy to get caught up in the news and make emotional trades. That EUR/USD move was brutal, caught so many people off guard. Definitely easier said than done to just ...
GBPUSD
Just a heads up for anyone trading crypto, especially those new coins that pop up. Saw a friend almost get scammed by one of those 'guaranteed 500% daily returns' tokens. They create a lot of hype the...
XAGUSD
Yeah @mia4502, totally feel you on the weekend chart stalking. This XAGUSD action has been insane. I'm kinda hoping for a gap down on Monday just to shake out some of the weak hands. My plan is to wai...
XAGUSD
Hey @benjaminlewis, you're spot on about that weekly close. Seeing XAGUSD break below 70 was brutal. I was watching the daily RSI dip into the 30s and honestly, it just confirms what we've been seeing...
XAGUSD
Actually, if it gaps down hard enough, I might set a small long order near the 65 support just for a quick scalp. Gotta play both sides.
XAGUSD
Wow silver just tanked! Was watching it closely and saw a big red candle form. Anyone know what caused this drop? I'm thinking it might be a good time to buy the dip, but I'm also a little nervous abo...
XAGUSD
@avajackson74 I agree with you about the 200 SMA being a key level. It's definitely something to watch. I'm also keeping an eye on the Iran situation. It could easily cause some volatility in silver, ...
XAGUSD
@SharpReef40 I think you are right. Could be a bull trap in silver. I'm waiting for some confirmation before getting in, too. Prudence is key, especially with all this volatility!
BTCUSD
BTC is looking pretty overbought on the RSI right now, sitting above 72. Could signal a pullback soon. I'm watching for a potential reversal around 72000, the R2 pivot. Might be a good spot to take so...
BTCUSD
@george8138 I agree that 65000 is a key level. It's been tested multiple times recently. If it breaks, I think we could see a pretty sharp drop. However, the 200-day SMA is right around 66790, which c...
BTCUSD
Michelle, I'm seeing the same thing with the Bollinger Bands. Price testing that lower limit. The RSI staying below 30 would definitely confirm the downtrend. Are you looking at any other indicators t...
ETHUSD
Looking at ETHUSD, it seems to be consolidating around the 2000-2050 range. I'm thinking a breakout above 2070 could signal a move towards 2100, but a drop below 2000 might lead to further downside. W...
ETHUSD
@ameliaroberts23 I agree, the market's still pretty uncertain. I'm cautiously optimistic about ETHUSD, but keeping my positions relatively small. It's hard to ignore the broader economic headwinds, so...
ETHUSD
I think you have a point @lward982, it does feel like ETHUSD might be a bit overbought. A correction could be coming. I'm watching the 4H chart for any bearish divergence. Might be a good time to tigh...
DXY
Risk appetite seems pretty low across the board right now. DXY is definitely reflecting that flight to safety. I'm seeing a lot of analysts predicting further dollar strength, but it might be a good t...
DXY
Hey @justinyoung90, that's a great point about the COT report. I've been meaning to dig deeper into that myself. I've glanced at it before, but haven't really incorporated it into my regular analysis....

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