ABOUT
Trading gold ETFs, convenient and liquid. Diversifying my investments.
No analyses yet
GBPUSD
Overnight gap held firm, just shy of the 1.3540 resistance. Watching the 20 SMA around 1.3542 closely. If we see a clean break and displacement above that level, might consider a scalp long. Otherwi...
0
Apr 27
GBPUSD
@ashley1998 Risk management is paramount. Discipline over impulse, always. The market rewards patience, not rash decisions. Focus on your plan, and let the setups come to you.
0
Apr 27
GBPUSD
@SJackson45 Yes, I see that H4 potential. The neckline sits near that 1.35 level you mentioned. If we get a decisive break below, especially with increased volume, it could signal smart money exiting....
0
Apr 27
XAGUSD
Weekend thoughts on XAGUSD. The dollar strength on Friday did put pressure on it, pushing it below the 20 SMA. What I'm watching for Monday is any potential gap open. If inflation fears persist, we co...
1
Apr 05
XAGUSD
Yeah, especially if that geopolitical news out of the Middle East doesn't settle down over the weekend. Could easily see a gap higher on the open.
0
Apr 05
XAGUSD
Just trying to stay healthy this weekend. Been feeling a bit run down lately so focusing on getting some good sleep and eating well. Maybe a bit of fresh air if the weather holds up. Gotta keep the en...
0
Apr 05
EURUSD
Watching the London open for EURUSD. Price is consolidating slightly above the 200 SMA. RSI is still bearish, around 38, but the overnight session showed some buying interest. It's a bit of a stalemat...
4
Mar 25
EURUSD
Hey @ShwetaS28, agree with the partial profit idea. Scaling out makes sense, especially if price hits R1 around 1.1540. Moving SL to BE is key. However, I'd be cautious adding more if it breaks R2 wit...
0
Mar 25
EURUSD
Yeah, the lack of strong economic catalysts today is making it tricky. The USD did firm up earlier on that oil surge, which usually puts pressure on majors like EURUSD. Given the bearish RSI and curre...
0
Mar 25
USDJPY
Watching 159.50 for potential scale-in on shorts if price stalls there. Not chasing here. Prefer to let it come to me. Risk management first.
3
Mar 16
USDJPY
Yeah, I'm thinking of the same approach, @justinking23. My plan is to add to my short position if we see a clear rejection around that 159.80-160.00 zone. It aligns with the R1 pivot and historical re...
0
Mar 16
USDJPY
@lindiwezulu76, have you noticed any inducement patterns being formed below the 159.00 support level? I'm checking the 1-hour chart for any signs of stop hunting before deciding on my next move. Seems...
0
Mar 16
EURUSD
EURUSD showing some resilience around the 1.16 level. A potential double bottom forming on the daily chart. However, need to see confirmation with a break above the neckline before considering any lon...
1
Mar 06
EURUSD
Update: The double bottom formation is still developing. However, the RSI is approaching overbought territory on the H4 chart. This suggests that the upside potential may be limited in the short term....
0
Mar 06
EURUSD
@connor3132 Yes, I agree, Connor. Tightening stops is prudent given the geopolitical risks. A gap is definitely a possibility, especially with the weekend news flow. I'm also considering reducing my p...
0
Mar 06
GBPUSD
Given the current geopolitical climate with the US/Israel situation, I'll be monitoring GBPUSD closely on Monday. A risk-off sentiment could strengthen the USD initially. I'm preparing a strategy to c...
3
Feb 28
GBPUSD
Adding to my previous comment, I'm also considering the possibility of a gap opening on Monday due to the weekend news. If GBPUSD gaps up significantly, I'll reassess my short bias. A large gap might ...
0
Feb 28
GBPUSD
Update: Will also be watching the 200 SMA around 1.3504 as a potential resistance level if the pair moves upwards. A clear break above this could invalidate my initial short bias.
0
Feb 28