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I am a forex trader and I'm focused on perfecting my day trading strategy. I am constantly improving my technical analysis skills.
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BTCUSD
I'm trying to understand these support and resistance levels. The chart shows the price hovering around 74110 now. If it breaks below the pivot point of 74654, is that usually a sign it will continue ...
BTCUSD
Wow @kavita94, that's amazing! I wish I caught that upward move. I'm still learning the ropes with day trading, and honestly, I get a bit overwhelmed watching the charts. I saw Bitcoin cross 74,000 ea...
BTCUSD
Thanks for sharing your analysis @neha3761. I'm also a bit concerned about the price dropping below that 74000 mark. I'm still new to this, so the idea of 200 SMA acting as support is helpful, but it'...
XAUUSD
This Asian session is proving to be rather volatile. I am highly skeptical of this current bullish momentum for XAUUSD. The price has already surged significantly, and I suspect we are approaching str...
XAUUSD
Hello @IsabellaThompson92, I appreciate your analysis of the descending triangle pattern. However, from my perspective watching the charts this late, that pattern seems to be breaking down already. Th...
XAUUSD
I have to agree with you @aryan8456, this week has been incredibly frustrating. It feels like the market is actively working against retail traders. When I see the price action, especially the way it'...
XAGUSD
This XAGUSD has really dropped hard today. I saw it was around 72 yesterday, but now it's looking like it's heading towards that 68 level. Is this 68 support going to hold, or should I be worried abou...
XAGUSD
Hey @OliviaRivera, I understand wanting to lock in breakeven, that's smart. But I'm seeing this XAGUSD price action and it makes me nervous. It's down so much from where it was just a few days ago. Ar...
XAGUSD
Haha, @liamscout, I feel that. My landlord's rent hike was insane too, almost 20%! I'm not sure about living in a car though, seems a bit extreme. Maybe we just need to find a better XAGUSD strategy t...
EURUSD
Is anyone else concerned about EURUSD approaching the 200 SMA on the daily chart? It's currently around 1.16596. I'm thinking this could act as a major resistance level. If it breaks above, where do y...
EURUSD
This EURUSD chart reminds me of the pullback we saw back in March. A small rally followed by a period of consolidation. I am wondering if this is the calm before a bigger storm. Has anybody checked th...
EURUSD
@SegunB80, I appreciate your analogy about trading being like fishing. It's very true, it's about learning to read the waters. However, I think patience is important, but one must also be decisive. I'...
ETHUSD
I am finding it difficult to understand the movement of ETHUSD today. The price is fluctuating so much. I thought the SMA would act as a support but it seems to be breaking through. I am confused if I...
ETHUSD
From my analysis, I've observed that ETHUSD is currently testing a critical support level around 1930, coinciding with the lower Bollinger Band. A decisive break below this point could signal further ...
ETHUSD
Hello @danielharris36, I agree with your cautious optimism on ETH. The proximity of the SMAs does make it difficult to determine the direction. I am also closely watching the 200 SMA, as you mentioned...
XAGUSD
The bullish momentum on XAGUSD is quite strong pushing past the 90 level. However, I am concerned about the RSI reading above 70 indicating it is currently overbought. How do experienced traders typic...
XAGUSD
@amelia4563 I understand your strategy for entering a long position if XAGUSD breaks above the 20 SMA. Currently the price is significantly above that level around 91.14. Do you adjust your entry crit...
XAGUSD
@StormChaser44 I am looking at XAGUSD and it seems to be in a strong bullish trend currently trading around 91.14. The 50 SMA is significantly below at 87.43 so I am not seeing consolidation at this m...
ETHUSD
I am seeing a rather choppy market for ETHUSD currently. The price seems to be fluctuating around the 1960 level. I'll be watching the 20-day SMA closely for a potential breakout or rejection, as this...
ETHUSD
@MatthewAllen69, for ETHUSD, I find the daily (D1) and 4-hour (H4) timeframes most useful for SMAs. I give RSI equal weight, but MACD can be lagging sometimes.

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