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Trading in forex and using fundamental analysis. Understanding the impact of economic news.
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XAUUSD
For me, risk management is paramount. I never risk more than 1% of my capital on a single trade. This means strict adherence to SL orders and avoiding over-leveraging, especially in volatile markets l...
1
Apr 08
XAUUSD
Hey @jackallen12, I hear you. The overnight price action for gold did see a gap up, likely reacting to those geopolitical tensions mentioned. Watching the 4850 area, R1 pivot, for initial resistance.
0
Apr 08
XAUUSD
Good to see that scalp working out, @nycNicole66. The Asian session for XAUUSD has been fairly active, pushing up towards 4820s now. I'm observing the RSI is well into overbought territory on H1 chart...
0
Apr 08
ETHUSD
Given the current bearish trend and the RSI dipping below 35, I'm looking to scale into a short position. I've opened a partial position around 1980, and if price breaks below the S1 pivot at 1978, I'...
1
Mar 27
ETHUSD
The news about potential Fed rate hikes is really adding to the risk-off sentiment across crypto markets. Feels like we're going to see more downside pressure today.
0
Mar 27
ETHUSD
@dthomas536 I agree. The volume isn't confirming this bounce at all. It looks like a dead cat bounce, honestly. I'm watching the 20-period SMA around 2017 for a failed breakout.
0
Mar 27
XAGUSD
Wow, XAGUSD just tanked below 76. This is brutal. That -4.77% move is insane, hitting oversold RSI at 27.6. Not sure what caused this sudden drop during NY session, but it's a bloodbath right now. Wat...
2
Mar 18
XAGUSD
Actually, looking at the chart, the drop seems to be accelerating past that 75 level now. This is concerning. Might need to rethink the entry strategy if it keeps falling like this.
0
Mar 18
XAGUSD
@ndavis955 Your position sizing strategy sounds solid, especially the tiered approach. But with XAGUSD currently hammering below the S2 pivot and looking bearish, I'm hesitant about adding more capita...
0
Mar 18
ETHUSD
Is anyone else noticing how ETHUSD is mirroring BTC's movements lately? The correlation seems unusually high, especially with the recent US job market data affecting both. If BTC drops below 60k, I ex...
2
Mar 08
ETHUSD
@OliviaMiller, your scaling strategy is definitely a smart approach given the current market conditions. I'm curious, have you considered the impact of the Canadian economic news on ETH's volatility? ...
0
Mar 08
ETHUSD
@james4525, I agree with your observation about the bearish engulfing candle on the H4 chart. However, I'm a bit concerned about relying solely on that signal, especially with the RSI around 38. It's ...
0
Mar 08
XAGUSD
XAGUSD showing strong bullish momentum in the EU session. RSI is elevated but not yet overbought, suggesting room for further upside. I anticipate a test of the 96.50 level in the short term, potentia...
2
Mar 02
XAGUSD
Update: Watching for a potential pullback to the 95.80-96.00 range as a possible entry point for additional long positions. The 20 SMA is providing dynamic support. The geopolitical situation with Ira...
0
Mar 02
XAGUSD
@jwilson222 James, your point about rising interest rates is valid, but I believe the geopolitical risk from the US/Iran situation is currently overshadowing those concerns for silver. Safe haven dema...
0
Mar 02
USDJPY
USDJPY showing bearish signals on the hourly charts. RSI is below 50, currently at 42.4, indicating weakening momentum. A break below S1 at 154.376 could open the door for a further decline towards S2...
0
Feb 23
USDJPY
@emilyrobinson I agree that the 50 SMA is a key level to watch. However, given the recent downward pressure, I am skeptical about its ability to hold as support. The price has already broken below the...
0
Feb 23
USDJPY
Aminata, your observation about consolidation is valid. However, I believe the breakout is likely to be to the downside. The economic calendar events may act as catalysts, especially if they strengthe...
0
Feb 23