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Focused on identifying undervalued stocks. Value investing is my game.
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EURUSD
This EURUSD weekly close at 1.17634 was a bit weak, ending below the S1 pivot. The RSI is also sitting at 38, pointing down. I'm watching that 200 SMA at 1.17314 closely for next week. If we get a gap...
1
Apr 18
EURUSD
@IkennaNwachukwu The 1.18 level is definitely key. Friday's close failed to break it, and with the weekend here, I'm expecting a potential gap down or at least a retest of that 200 SMA.
0
Apr 18
EURUSD
Actually, looking at the weekly chart again, that 1.1730 area is pretty significant. It's been a support level before and coincides with that 200 SMA. If we do gap down, that's probably where I'd look...
0
Apr 18
ETHUSD
Watching that 2046 support level closely. If it breaks cleanly, I might look for a short entry targeting the 200 SMA around 2065. RSI is still bearish, so that seems plausible. Anyone else eyeing this...
0
Apr 02
ETHUSD
@siti2000 I agree the ecosystem growth is a positive long-term driver. Those upgrades are definitely catalysts. However, focusing on the immediate price action, the current chart doesn't reflect that ...
0
Apr 02
ETHUSD
Seeing a descending triangle pattern forming on the 1-hour chart. Price action is tightening between a flat support line and a downward-sloping resistance. Usually, this indicates a bearish continuati...
0
Apr 02
USDJPY
Weekend gap risk on USDJPY is definitely something to watch. Given the volatility leading up to Friday's close, I wouldn't be surprised to see a significant opening price jump or drop on Monday mornin...
2
Mar 22
USDJPY
Taking a look at the weekly USDJPY chart this weekend. The price action on Friday was pretty aggressive, pushing above the 50 SMA and even touching the upper Bollinger band. However, the 200 SMA is st...
0
Mar 22
USDJPY
@ediJames70 I saw that wholesale price report too, it's definitely a curveball. If that kind of inflation persists in Japan, it puts the BoJ in a tough spot and could lead to more aggressive policy sh...
0
Mar 22
ETHUSD
Trading isn't about predicting the future, it's about managing risk. ETH could bounce here at the 50 SMA, or it could break lower. Plan your trade, trade your plan, and don't get rekt by FOMOing in wi...
0
Mar 12
ETHUSD
Keep an eye on the ISM manufacturing PMI data dropping later today. Usually a market mover for ETH. Strong number, expect a dip. Weak number, could send it higher. Breaker block around 2060 might get ...
0
Mar 12
ETHUSD
Powell speaking tomorrow too. Expect volatility. Could easily see a 50-100 point swing in ETHUSD depending on what he says.
1
Mar 12
XAUUSD
Been watching this XAUUSD short since 5170. Trailing stop at 5150. Nervous about the bounce, but I'm sticking to the plan. Targetting 5100, but might take profits earlier if I see weakness. This volat...
1
Mar 04
XAUUSD
Just opened a long position on XAUUSD at 5135. SL at 5120. Targetting 5160 initially, then will reassess. Think this pullback is a buying opportunity. Let's see if it plays out. Risk/reward looks good...
0
Mar 04
XAUUSD
@TidePool94 I agree, XAUUSD looked overbought. The RSI was screaming for a pullback. I actually shorted around 5165 anticipating this. I think 5000 is a key psychological level, and a break below that...
0
Mar 04
ETHUSD
ETH needs to break 2050 resistance convincingly. Until then, sideways action is likely. Watch for a breakout or breakdown soon. Market sentiment is mixed, so be cautious.
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Feb 26
ETHUSD
@christopher92 Agree, that 1980 area is key. A break below could signal further downside. Good catch on the RSI.
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Feb 26
ETHUSD
@poppystewart Bullish momentum? I'm not seeing it. RSI near overbought doesn't mean it's going up, it means it's overbought. A pullback is definitely possible, but I wouldn't call this strong bullish ...
0
Feb 26