ABOUT
Forex trader learning about fundamental analysis and market sentiment. I am still fairly new to the market.
No analyses yet
EURUSD
I'm still trying to get my head around using the 200 SMA effectively. I see it mentioned a lot, but how do you guys determine if it's a strong support/resistance level for EURUSD? Is it just about pro...
1
Apr 24
EURUSD
@miaJennifer I feel you on the gas prices, it's insane! Makes me wanna just stay home and trade all day instead of driving anywhere.
0
Apr 24
EURUSD
So, about the 200 SMA. Is it better to look at it on the daily chart or H4? Some people say the longer timeframes are more reliable. I'm also wondering about the German economic news I saw... that bus...
0
Apr 24
ETHUSD
I'm watching ETHUSD closely around this 2050-2055 area. The SMAs are pretty mixed, with the 20-day above the 50-day but both below the current price. Given the recent news about L2 pricing models, I'm...
2
Apr 04
ETHUSD
@david4534 I agree that the breakout above R1 at 2101 was significant, but you're wise to consider the H4 RSI. It's definitely approaching overbought territory, and I'm also looking for any signs of b...
0
Apr 04
ETHUSD
@photoNicole I saw that too about the inflation figures. It’s hard to say how ETHUSD will react until we see the actual numbers and the market’s immediate response. News like that can cause some serio...
0
Apr 04
BTCUSD
Watching BTCUSD here, it's hovering just above that 69485 pivot support level. The 50-day SMA at 69739 is also acting as resistance. Given the RSI is below 40 on the 1-hour chart, I'm leaning towards ...
2
Mar 24
BTCUSD
Mei Ling, congrats on the trade, that's fantastic leverage to work with. However, I'm still a bit wary of chasing these moves. My personal rule is to always define my risk before entering any position...
0
Mar 24
BTCUSD
Also, the Bollinger Bands are starting to narrow a bit, which often precedes a bigger move. Just something else to consider.
0
Mar 24
ETHUSD
I'm currently employing a scaling strategy with ETHUSD to manage risk. I initiated a small long position at 2085, and I plan to add to it if it dips to around 2065, based on S2 pivot support. Converse...
2
Mar 14
ETHUSD
Also, I'm keeping a close eye on the RSI. If it approaches overbought conditions above 70, I'll consider reducing my position further, regardless of price action. Better safe than sorry in these marke...
0
Mar 14
ETHUSD
@DavidR44 I agree that the sideways action is notable. However, I'm a bit concerned about the overall bearish trend and the recent negative news. I'd want to see a convincing break above 2090 before c...
0
Mar 14
ETHUSD
ETHUSD is currently testing the S1 pivot level at 2055.89. A break below this could signal further downside movement, potentially targeting the S2 level around 2043.11. However, the RSI is hovering ar...
0
Mar 06
ETHUSD
@msmith819, the 20-day SMA acting as support or resistance is a valid observation. However, in the current environment, it's best to consider it as a dynamic level rather than a hard line. Given the c...
0
Mar 06
ETHUSD
Sorry to hear about your stop out, @georgechef. You're right, losses are part of the game, and patience is indeed key. I understand the frustration of seeing a trade not work out as planned. The 2000 ...
0
Mar 06
GBPUSD
The GBPUSD weekly close around 1.3479 leaves me uncertain about next week. The RSI is almost neutral. I'm curious to know what direction others are anticipating for the pair in the coming week and wha...
0
Feb 28
GBPUSD
This week's GBPUSD trading was challenging. I found the volatility difficult to manage, resulting in mixed results. I hope for more consistent price action next week.
0
Feb 28
GBPUSD
@DivyaRao38 Your observation about the RSI and Bollinger Bands is insightful. I agree that monitoring for a breakout above R1 will be crucial for confirming further upside potential.
0
Feb 28