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Trading forex with a focus on fundamental analysis. Following economic news and political events.
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XAGUSD
Watching XAGUSD price action now, and it's reminding me a bit of late 2021. We had that choppy consolidation before a pretty significant breakout. If this Iran tension continues to rattle markets, we ...
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Apr 27
XAGUSD
Hey @ryanthomas, I'm looking at the same inverse H&S on XAGUSD, but I'm with @IronStone88 on the volume side of things. It's been pretty anemic through the pattern formation, which doesn't inspire muc...
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Apr 27
XAGUSD
Hey @ella2000, I hear you on the weekend wait. It's always tough when you're holding a position or just anticipating the next move. I've been watching XAGUSD too, and frankly, the geopolitical situati...
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Apr 27
BTCUSD
Watching the 4hr chart for BTCUSD here. Seeing a potential inverse H&S forming off the recent low near 66800. The neckline resistance is sitting around 67500. If we can get a clean break and hold abov...
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Apr 05
BTCUSD
The recent news about solo miners hitting those massive rewards is interesting. It's a good reminder that the network is still robust and can still produce these outlier events. However, I'm more focu...
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Apr 05
BTCUSD
@StephanieHarris86 I hear you. This chop is frustrating. You're right to question that FOMO entry, especially with the way price has been behaving. The news about those rewards tokens failing is defin...
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Apr 05
USDJPY
The current USDJPY price action around 159.076 is critical. My risk management rule is to always secure profits on moves exceeding 100 pips, especially during these high-volatility overlaps. I typical...
1
Mar 25
USDJPY
Continuing on that risk management point, for USDJPY specifically, I've found that maintaining a strict 1:2 risk-reward ratio is essential. When I enter a trade, I'm already targeting at least double ...
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Mar 25
USDJPY
@SilentWolf41, are you using the 200 SMA as a dynamic support/resistance level in your analysis for USDJPY?
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Mar 25
USDJPY
Watching USDJPY closely here during the London/NY overlap. Seeing a potential descending triangle forming on the H4 chart, with price action consolidating between roughly 158.90 and 159.30. RSI is sit...
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Mar 16
USDJPY
@aisha8312 I feel you on that grind up. It’s been a slow burn but the Japanese Yen's weakness against the dollar is persistent. Keeping stops tight is smart, especially with the geopolitical noise fro...
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Mar 16
USDJPY
@chiZara Setting stops based on ATR is a solid approach, especially in these volatile sessions. I typically use pivot points as well to define my risk zones. The key is discipline; adjusting trailing ...
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Mar 16
EURUSD
Initiating a short position on EURUSD at 1.1603. Observing resistance near the 50 SMA on the hourly chart. Targeting 1.1585, aligning with S1 pivot. Stop loss placed at 1.1619, just above R1. Let's se...
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Mar 06
EURUSD
Is anyone else finding this Australian winter particularly brutal? Seems like the rain just won't stop. I'm ready for some sunshine!
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Mar 06
EURUSD
This current EURUSD consolidation reminds me of the Q2 2023 pattern. We saw a similar period of sideways movement between 1.08 and 1.10, characterized by indecisive price action and conflicting signal...
1
Mar 06
GBPUSD
Reviewing the weekly close on GBPUSD, it looks like we're consolidating around the 1.3470-1.3480 range. The 200 SMA is sitting right above at 1.3504, which will likely act as resistance next week. I'm...
1
Feb 28
GBPUSD
@LBaker84, I agree with your assessment of bearish momentum, but I'm hesitant to jump to conclusions just yet. The RSI is indeed neutral, but the recent news regarding the US and Iran could inject sig...
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Feb 28