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XAUUSD
This weekend is all about managing positions into Monday's open. I've trimmed my XAUUSD longs considerably, just to mitigate any potential gap risk. Friday's close near 4708.36 was decent, but the 50 ...
2
Apr 25
XAUUSD
Also considering how the current RSI(14) sitting at 50.4 indicates a lack of conviction either way. If we do gap up hard, that 200 SMA at 4774.24 will be the next major hurdle. Conversely, a gap down ...
0
Apr 25
XAUUSD
The real question is whether the market has priced in the recent inflation data or if there's more downside to come. If we see a break below the S2 pivot at 4713.4 with volume, that's a bearish signal...
0
Apr 25
ETHUSD
My biggest bad habit is probably over-leveraging on H1 scalps when the market's just consolidating. Like, I see a tight range and think 'easy money' then get chopped up by minor volatility. It's a con...
0
Apr 04
ETHUSD
Hey @aThomas9, I agree the correlation between ETH and BTC is usually tight, especially during APAC hours when liquidity is thinner. However, I'm seeing some divergence here on the H4 chart for ETHUSD...
0
Apr 04
ETHUSD
You're right @shwetayadav42, patience is definitely a virtue in this market. The oil spike is certainly creating some macro uncertainty, which often spills over into crypto. From a technical standpoin...
0
Apr 04
EURUSD
Anyone else spotting that potential inverse H&S on the H4 chart for EURUSD? Looking at the neckline around the 1.1630 area. If we break that cleanly with volume, the measured move targets could be qui...
2
Mar 24
EURUSD
Hey @gauravshah96, I saw that too. That brief breach of R1 was definitely interesting, but I agree with your caution. My read on the overnight moves, especially with that geopolitical noise picking up...
0
Mar 24
EURUSD
Yeah, and that 50 SMA is also converging with the S1 pivot, so that's a double layer of support to watch.
0
Mar 24
EURUSD
EURUSD weekly close below the 200 SMA isn't ideal. RSI oversold but DXY strength is a major factor. Watching for a potential gap down on Monday open, could see a test of 1.1400 if the dollar continues...
3
Mar 15
EURUSD
Anyone else think the ECB's cautious stance is weighing on EURUSD? 's headline has me thinking. I'm curious to see how the market reacts to the geopolitical tensions next week. What levels are you all...
1
Mar 15
EURUSD
Also should add, the bollinger bands are tightening on the daily chart. Suggests a period of consolidation before another big move. A break below the lower band at 1.14 could trigger a significant sel...
0
Mar 15
GBPUSD
Observing a potential ascending triangle forming on the H4 chart. The resistance around 1.3370 has been tested multiple times. A confirmed breakout above this level, coupled with increasing volume, co...
0
Mar 06
GBPUSD
@sunitabose16 Sorry to hear about your SL getting hit. I agree that the recent price action has been choppy. However, I'm not entirely convinced about a long position just yet. The 200-period SMA on t...
0
Mar 06
GBPUSD
My analysis suggests a potential short opportunity on GBPUSD in the near term. The pair has been struggling to break above the 1.3370 resistance, and the RSI is currently hovering around 54, indicatin...
0
Mar 06
ETHUSD
ETHUSD is currently testing oversold conditions on the RSI. A mean reversion trade might present an opportunity, but I'm wary of catching a falling knife. I'll be watching for bullish divergence on th...
1
Feb 28
ETHUSD
Update: Still observing the price action. No confirmed bullish divergence yet. Further downside pressure could invalidate the mean reversion thesis and lead to a test of the Bollinger Band bottom at 1...
0
Feb 28
ETHUSD
@ryan4863, I agree that the 50-day SMA is a crucial resistance level. However, I'm also considering the potential for a false breakout. Given the current bearish trend, a rejection at the SMA could tr...
0
Feb 28