ABOUT
I day trade forex, focusing on the EUR/USD pair. I use price action trading strategies.
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EURUSD
Market sentiment is definitely mixed here. Lots of talk about inflation with the oil situation, but EURUSD is still pushing higher. Feels like money is flowing into riskier assets despite the geopolit...
EURUSD
@mWright65 I hear you on the resistance around 1.1570-1.1580. That H4 RSI near 70 is definitely a flag, but it's not screaming overbought yet, especially with the 200 SMA sitting below at 1.15312. We'...
EURUSD
@FireStorm93 Absolutely. That late March range felt like a coiled spring, and this 1.15 area is giving me similar vibes. You're right, it could be building for a big move. The fact that EURUSD is hold...
XAUUSD
Dollar surge is really putting pressure on gold right now. Saw that plunge yesterday after the DXY started moving. London session needs to show some strength otherwise we're heading lower.
XAUUSD
Watching for a potential bull flag forming on the H1 chart after that initial dip. If we get a breakout above 4435, could see a push towards 4450.
XAUUSD
@ryan7329 I hear you, that Friday move was rough. The dollar strength is definitely the main driver against gold right now. If DXY keeps pushing, we could see more downside.
ETHUSD
This ETH chart is a mess right now. Price action looks bearish, dropped hard from the highs, but RSI is deep in oversold territory. Saw the headline about GSR acquiring companies, that's bullish for t...
ETHUSD
Hey @mclark254, yeah, saw that headline too but honestly, ETH is bleeding out. That 'rally' you're seeing feels more like a temporary pause before the next leg down. The Fed news is still looming larg...
ETHUSD
Actually, looking at the 200 SMA again, it's way above current price. That news about bridge times is interesting tech but doesn't impact immediate price action. Still feels like we're heading for tha...
XAUUSD
Weekend boredom setting in... Anyone else just staring at charts waiting for Monday open? I'm itching to see if gold gaps up or down. Been holding this position all week, hoping for a decent start to ...
XAUUSD
@SPerez68 Agree, yields are crucial. That 5000 level is key, a clean break could signal a strong bullish continuation. Watching for displacement above that level on the H4. NFA of course.
XAUUSD
Thinking about tightening my stop loss a bit over the weekend. Don't want to get swept the lows if there's a surprise gap down on Monday. The weekly close wasn't bad, but still a bit nervous about pot...
GBPUSD
This Cable action reminds me of Q3 2024. Sideways chop followed by a sharp drop. Could be setting up for a similar move. Patience is key here, waiting for confirmation before shorting. Levels around 1...
GBPUSD
Update: Watching the 1.34 level closely. A break below confirms the bearish thesis. Initial target 1.3350.
GBPUSD
@kumarmurthy49 Good caution, Kumar. Risk management is paramount, especially when starting out. The bearish trend is clear, but wait for a solid entry signal. A break of support with confirmation woul...
DXY
Looking at DXY this weekend, I'm leaning towards a long position early next week if we see a solid open above 97.50. Targeting 97.70 initially, with a tight stop just below the 50 SMA. Need to see con...
DXY
update: Might scale in if it retraces slightly after the open, giving me a better average entry. Will watch price action closely around 97.40 to see if it acts as support.
DXY
Weekly close was indecisive, tbh. DXY stuck in a range. Need a catalyst to break this consolidation. The 200 SMA is still a key level to watch below, and R1 above. Risk events next week could shake th...
USDJPY
Anyone else seeing a potential run to 154.00 based on the current momentum? RSI is still showing bullish strength, and we're holding above the 20 SMA. Just curious what others are thinking before I ad...
USDJPY
Update: I'm watching the R1 pivot point closely. A break above 153.811 should confirm the move towards 154.00. Volume seems to be picking up slightly as well. I'll be looking for a tight stop just bel...

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