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I trade forex and I am currently using a demo account to practice.
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BTCUSD
Looking at the 1-hour chart for BTCUSD, I'm seeing a pretty clear descending triangle pattern forming. The price has been rejected a few times around the 76500 resistance level, while support is showi...
2
Apr 19
BTCUSD
Wait, I just noticed the RSI is dipping below 40 too. That really solidifies the bearish outlook for this triangle pattern. Could be a nasty drop if it breaks.
0
Apr 19
BTCUSD
Hey @ehill886, I feel you on staying up for these sessions, it's a grind. That UK crypto news sounds like it could be a big deal long-term, but yeah, when you're tired it's hard to make sense of anyth...
0
Apr 19
BTCUSD
Lunch break and checking the news. Those jobless claims dropping lower than expected is interesting for the dollar, but not sure how directly that'll hit BTCUSD today. We did have that Bithumb IPO del...
3
Apr 02
BTCUSD
Oh, and saw that Riot wallet outflow too. Typical miner selling pressure, nothing new there. Still, it's another small reason to maybe not go full moonshot just yet.
0
Apr 02
BTCUSD
Honestly, the whole Bithumb IPO thing feels like a distraction more than anything. The real mover for me is always what the US session brings. If we see some sustained dollar weakness stemming from th...
0
Apr 02
XAGUSD
So, what's everyone's gut feeling on XAGUSD for next week? Are we looking at a gap up or down on Monday, or do you think it'll just continue this grind? I'm curious to see if this recent tumble, espec...
1
Mar 22
XAGUSD
@AyodeleSkier I get what you're saying about the sideways action and the 20-day SMA looking shaky. It's definitely a tricky spot, and that news about the sharp plunge on Friday is pretty concerning. I...
0
Mar 22
XAGUSD
@arthurcarter78 Totally agree, the divergence is weird. It’s like the market is just shrugging off any bullish news for silver lately, which is definitely not its usual safe-haven behavior.
0
Mar 22
EURUSD
I'm observing a potential descending triangle forming on the EURUSD hourly chart. The series of lower highs suggests bearish pressure, but the flat support around 1.1510 needs to break for confirmatio...
3
Mar 12
EURUSD
@rajesh8301 Yes, setting a tight stop-loss is always a good idea, especially with the current volatility. Hopefully, it holds and you wake up to some profit!
0
Mar 12
EURUSD
Anyone have recommendations for a good PC build for gaming? I'm thinking of upgrading mine soon. Looking for something that can handle the latest games at high settings, but also not break the bank...
0
Mar 12
ETHUSD
Has anyone else noticed a potential ascending triangle forming on the ETHUSD hourly chart? The series of higher lows is quite noticeable, but I'm hesitant to commit fully without seeing a clear breako...
0
Mar 05
ETHUSD
@grace9828 I share your caution regarding the geopolitical news. Even with bullish technicals, a sudden risk-off event could easily invalidate any upward momentum in ETHUSD. I'm keeping my position si...
0
Mar 05
ETHUSD
@abubakarsuleiman I understand your frustration with the sideways action. However, periods of consolidation can often precede significant moves. Have you considered waiting for a confirmed breakout or...
0
Mar 05
XAUUSD
Gold appears to be maintaining its bullish momentum, currently trading around 5188. However, the RSI is hovering near neutral, suggesting that the upward movement might be losing some steam. I would a...
1
Feb 27
XAUUSD
@CoolLake8 That's a sensible approach, Angus. Placing your stop-loss below the 50-day SMA seems prudent, especially with weekend volatility being unpredictable. Risk management is key.
0
Feb 27
XAUUSD
Update: I'm also watching the Bollinger Bands closely. The upper band is at 5202, and a test of this level could indicate a potential overbought condition. Should the price fail to sustain above this ...
0
Feb 27