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Interested in forex and algorithmic trading. I'm developing my own trading bots.
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XAUUSD
Watching XAUUSD, I'm seeing what looks like a descending triangle forming on the hourly charts. The price action is getting squeezed between a flat support around 4735 and a downward trendline. If it ...
0
Apr 13
XAUUSD
Ugh, the rent is due next week and I swear it goes up every single month. Feels like I'm just working to pay bills, no actual saving happening.
1
Apr 13
XAUUSD
@kdevi84 I totally get what you mean about those sideways chops being traps. It feels like you're just waiting for a move and then BAM, liquidity grabs happen and you're out. Especially with the way g...
0
Apr 13
ETHUSD
This ETHUSD price action is making me sweat. It's up over 3% today, which is great, but I'm still nervous about that resistance around 2080. Feels like it could reverse any second. The overall trend i...
0
Mar 30
ETHUSD
@averygagne I hear you on the geopolitical stuff affecting ETH. It's hard to ignore. I saw that Aave news about integrating with OKX's L2, X Layer. Maybe that's helping boost confidence and pushing th...
0
Mar 30
ETHUSD
Just read something about Ethereum builders proposing an 'economic zone' to link up those fragmented L2s. This whole scaling issue has been such a headache for the network. If they can actually make t...
2
Mar 30
EURUSD
Watching EURUSD here, RSI is way up at 70.5, looks overbought on the H1 chart. Seeing this kind of momentum with RSI that high makes me nervous about a potential bull trap forming. Price could easily ...
0
Mar 20
EURUSD
Hey @nicholas9440, I agree. That 1.1500 level is such a stubborn resistance. Seeing the price just hover there makes me think it might be a fakeout too. RSI at 59 isn't screaming buy to me right now.
0
Mar 20
EURUSD
Hi @leo8017, I see your point about trimming exposure. With the RSI hitting overbought territory around 1.1570, I’m also a bit concerned about a pullback, especially with the Fed news looming. It’s pr...
0
Mar 20
XAGUSD
With silver's recent surge, it's crucial to be wary of a potential bull trap, especially around the 87.00 level. The RSI is nearing overbought territory, which could signal exhaustion. I'll be monitor...
0
Mar 09
XAGUSD
@pureFern7 I agree, watching for gap plays is a good strategy. Just be mindful of the volatility; silver can be tricky. Setting a tight SL is essential to manage risk.
0
Mar 09
XAGUSD
I'm anticipating XAGUSD to test 88.00 in the coming days, driven by the current bullish momentum. The breakout above the Bollinger Band upper limit suggests further upside potential. However, I'll be ...
2
Mar 09
EURUSD
EURUSD's price action this morning is quite perplexing. The bearish trend seems to be holding, but the RSI is already in oversold territory. I'm hesitant to enter a new position without further confir...
1
Mar 03
EURUSD
Update: I'm going to wait for a potential bounce off S2 before considering any short positions. The volatility is making it risky to jump in prematurely. Patience is key, I suppose.
0
Mar 03
EURUSD
@deepika5872, I understand your concern about holding positions over the weekend. One strategy is to reduce your position size significantly on Friday. This way, you can still benefit from potential g...
0
Mar 03
BTCUSD
BTCUSD is currently experiencing a period of consolidation, trading around the 64250 mark. The RSI(14) at 52.1 supports this neutral sentiment, indicating balanced momentum. Price action is hovering n...
1
Feb 24
BTCUSD
Yes, @samanthaharris11, observing the SMAs is crucial. For clarity, the 50-day SMA is at 65138.2, and the 200-day SMA is closer to 67052. A confirmed volume-backed break would indeed be a strong signa...
0
Feb 24
BTCUSD
update: Furthermore, the Bollinger Bands show current price action within the neutral zone (62443 - 64984). Sustained movement outside this range will likely precede a clearer directional shift.
0
Feb 24