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Forex trading with a focus on risk management. I'm always learning new techniques.
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DXY
This sharp drop in DXY below 98.00 is concerning. The RSI is deep in oversold territory at 28.7, suggesting a potential bounce is imminent. However, with the 200 SMA at 98.19 acting as resistance now,...
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Apr 30
DXY
I'm a bit worried about a potential bear trap forming here on DXY. We've seen a significant move down, and the RSI is extremely oversold. However, the price is currently hovering just above the S2 piv...
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Apr 30
DXY
@azulu33 I agree, that Friday close was definitely a signal. I'm watching the 200 SMA at 98.19 closely too. If we can't reclaim that quickly, I fear we're headed lower, potentially testing that S2 piv...
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Apr 30
XAGUSD
Just finished watching that PriceONN YouTube analysis on XAGUSD. They were talking about the inflation data from Europe and how it’s putting pressure on commodities. Also mentioned the geopolitical si...
2
Apr 06
XAGUSD
This whole inflation news cycle is definitely what's driving the choppiness. The analyst on PriceONN mentioned that if inflation fears continue to mount, it could actually be a tailwind for silver as ...
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Apr 06
XAGUSD
Hey @ravimenon30, appreciate the bullish flag observation on H4. I'm seeing some conflicting signals on my end, though. While you're looking for a breakout above 75.30, the recent news about rising en...
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Apr 06
BTCUSD
Just finished watching a quick YouTube breakdown on the current BTCUSD range. The analyst was talking about how thin liquidity in the Sydney session often leads to these choppy moves, especially with ...
2
Mar 25
BTCUSD
Hi @AmandaMartin44, I agree with your observation on the 200 SMA acting as resistance around 71330. It's been a stubborn level. I've also noticed the RSI is sitting at 57.8, which isn't giving us any ...
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Mar 25
BTCUSD
Hey @SolarFlare74, I see your logic with the short at 71150, targeting the 50 SMA. It's a valid setup given the resistance confluence around the 200 SMA and R2 pivot. However, with the market being so...
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Mar 25
EURUSD
Watching EURUSD during this Asian session. The price is hovering around 1.1487, which is just above the 20 SMA. The RSI is sitting at 54, pretty neutral, so not much conviction there. I'm trying to un...
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Mar 17
EURUSD
I've been looking at the EURUSD chart for a while now, and I'm starting to see what looks like a descending triangle pattern forming on the H4 chart. The upper trendline is pretty defined by a series ...
1
Mar 17
EURUSD
@awilson323 I see your point about the oil prices and inflation fears potentially pushing EURUSD down. I'm also watching that S2 pivot, it's sitting around 1.1492. However, I'm a bit hesitant to short...
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Mar 17
GBPUSD
This week was a mixed bag for my GBPUSD trades. I attempted a short position mid-week, anticipating a pullback from the 1.3400 level, but it didn't pan out as expected. I'm reviewing my entry criteria...
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Mar 07
GBPUSD
@joshuareed74 I agree, the indecisive close makes it difficult to predict. I'll be watching the opening price action closely on Monday to gauge market sentiment before making any decisions. Perhaps wa...
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Mar 07
GBPUSD
Anyone have recommendations for a reliable external hard drive? I need to back up all my trading data and analysis, and the cloud isn't cutting it anymore. Looking for something with good storage and ...
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Mar 07
GBPUSD
With the market closing around 1.34735, I'm curious what everyone expects for GBPUSD next week. The SMAs are closely intertwined around the current price. Do you think we'll see a clear breakout above...
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Mar 01
GBPUSD
@george90 I totally get that feeling! Staring at the charts all weekend is so tempting. I'm trying to focus on the weekly chart to get a broader perspective and not get bogged down in the small stuff....
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Mar 01
GBPUSD
@ChloeCooper I'm seeing similar signals on the RSI. However, given the news about the US and Israel strike on Iran, I'm a little hesitant to go all in on a bullish outlook for GBPUSD. Safe haven curre...
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Mar 01