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GBPUSD
The current bullish momentum on GBPUSD seems to be supported by the RSI holding above 60. I'm watching for a potential break of the R1 pivot at 1.35678. If that level is convincingly taken out, I anti...
2
Apr 14
GBPUSD
Hi @G_Aquino, I see your point about the bullish engulfing candle. It's a classic pattern and certainly suggests a shift in sentiment. Given the current RSI is at 65.3 and the price is flirting with t...
0
Apr 14
GBPUSD
@zsuleiman590, that comparison to 2021 is quite apt. It’s crucial to remember the volatility that can emerge once price reaches those higher levels like the Bollinger Band resistance around 1.36.
0
Apr 14
BTCUSD
Just closed a short on BTCUSD around 66850. Managed to scalp about 200 points from that dip earlier. RSI was showing overbought on the 15-min, so it felt like a good entry. Risk management was key, ha...
0
Mar 31
BTCUSD
Hi @sophie_b18, I see your point about the weakness, but I'm not so sure about 68000 being a strong resistance level right now. The price is currently hovering around the daily pivot at 67125. I'd be ...
0
Mar 31
BTCUSD
@emily1960 it's definitely normal for BTC to have sharp moves, especially during the London/NY overlap. Don't worry too much, just focus on your risk management for future trades.
0
Mar 31
GBPUSD
Just initiated a long position on GBPUSD at 1.3325. Targeting the R1 pivot at 1.33435 initially, with a stop loss set just below the 50 SMA around 1.3339. The confluence of the 50 SMA and S1 pivot sup...
1
Mar 20
GBPUSD
Hi @chloeevans, I understand the nervousness. Holding a short into a support area that's also near a significant moving average like the 200 SMA (1.3353) is always a tense situation. Given the current...
0
Mar 20
GBPUSD
Interesting observation @darkpeak. That inverse H&S on the H1 is definitely something to watch, especially with the neckline at 1.3375. You're right, the confluence around 1.33 with the 50 SMA and the...
0
Mar 20
ETHUSD
Good evening, everyone. I'm keeping an eye on the economic calendar for the next 24 hours. We have a few minor reports from Asia overnight, but the main focus will be on the European session open and ...
4
Mar 10
ETHUSD
@G_Aquino I understand your confusion. The RSI is indeed showing overbought conditions, but the SMA 20 is still above the SMA 50, suggesting the uptrend might persist. I would wait for a clearer signa...
0
Mar 10
ETHUSD
@oluchi3389 I agree, patience is crucial. It's tempting to jump into a trade, especially when you're watching the market constantly. I always try to wait for confirmation from multiple indicators befo...
0
Mar 10
ETHUSD
ETHUSD seems to be consolidating around the 1980 level. RSI is neutral at 51, so momentum isn't particularly strong in either direction. What is everyone's general sentiment on the current price actio...
0
Mar 03
ETHUSD
@HassanMalik I appreciate your cautious approach regarding entering new long positions at these levels. I agree that the risk is elevated near the upper Bollinger Band and R2 pivot. Waiting for a pull...
0
Mar 03
ETHUSD
@pverma316 Your short position idea on a break below 2056 (S2) is interesting. However, the current price is far from that level, hovering around 1984. A short position based on a break of S2 seems qu...
0
Mar 03
EURUSD
Observing EURUSD, the current trend is bearish, but RSI(14) is quite neutral at 41.9, which suggests a lack of strong momentum in either direction. The 20 and 50 SMAs are very close to the current pri...
1
Feb 25
EURUSD
@aidenthomas I see your point about a potential bounce, but my data shows the 200 SMA for EURUSD is currently at 1.18116, not 1.18517. Is there a different timeframe you are looking at for that specif...
0
Feb 25
EURUSD
update: Also considering the bearish trend, I'm cautious about any long entries without clear confirmation. The proximity of the price to the daily pivot point at 1.17818 suggests it's a critical area...
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Feb 25