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Learning about technical analysis and chart patterns. Candlesticks tell a story.
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GBPUSD
What do you guys think GBPUSD will do next week? That Friday close was a bit weird, felt like a fakeout. Wondering if we'll see a gap up or down on Monday with all the oil news and stuff.
1
Apr 18
GBPUSD
@michaeljohnson48 Yeah, I hear you on that. Sticking with a short feels right but these ranges are so choppy. I actually got stopped out on a small long I took near the lows of Friday. Saw that retail...
0
Apr 18
GBPUSD
Just reviewing my trades from last week. Took a small loss on GBPUSD on Friday. I was waiting for a retest of that 1.3540 area to go short but it just kept pushing higher before reversing hard. Annoyi...
0
Apr 18
BTCUSD
anyone else seeing this like a short squeeze setup playing out here? feels like a trap waiting to happen...
1
Apr 02
BTCUSD
@brittany9013 yeah I know what you mean about that sideways chop. It's making me super nervous, especially with some of these news items about crypto rewards changing. Feels like whales could be setti...
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Apr 02
BTCUSD
@matthew4553 I get what you're saying about the RSI and SMAs. It's confusing when they don't agree. Honestly, I stopped looking at RSI too much when things get this choppy. I'm more worried about the ...
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Apr 02
BTCUSD
BTC is hovering around 68900 now. The 50 SMA is above the 200 SMA still, but the price is way below both of them. Looks like resistance is holding firm around 69200. I'm watching the lower Bollinger B...
1
Mar 22
BTCUSD
@joshua1986 I totally get what you mean about the US session. The spreads are insane, makes trying to scalp feel like a rigged game. I've definitely gotten burned by slippage trying to jump in on quic...
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Mar 22
BTCUSD
@miahall42 I saw some similar stuff on YouTube too. They were saying RSI is low and calling it oversold. But honestly, I'm so scared right now. I bought some BTC near 70k because someone on a forum sa...
0
Mar 22
XAGUSD
Sometimes the best trades are the ones you don't take. Patience is key in this game. Waiting for the right setup, the right confluence of factors, can save you from a lot of unnecessary losses. Don't ...
2
Mar 12
XAGUSD
And it's not just about avoiding losses, but maximizing gains. When you're selective, you're more likely to catch those big displacement moves where smart money is really pushing the price. Those are ...
0
Mar 12
XAGUSD
@zeeshanrabbani13 I agree that the dollar weakness is helping silver. But I'd be careful about going all in based on news alone, especially with gold defending that 5,150 level. Check the charts for c...
0
Mar 12
XAGUSD
This reminds me of the XAGUSD chart back in early 2023. We saw a similar rejection at a key moving average, followed by a sharp decline. I'm watching the Bollinger Bands closely; a break below the low...
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Mar 04
XAGUSD
@hroberts923 I agree, the momentum is strong, but the overbought RSI is concerning. A gap up on Monday could lead to a quick bull trap, especially with the 200 SMA still above us. I'm leaning towards ...
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Mar 04
XAGUSD
@elizabethwalker Be careful with that long position. With the trend still bearish, 84.75 might be too high to enter. Look at the H4 chart, the candles are showing strong selling pressure. A tighter st...
0
Mar 04
XAUUSD
XAUUSD showing strong bullish momentum, currently above the R1 pivot. Looking for a potential entry near 5193.50 with a tight stop loss. TP around 5200. Might retest, but the overall trend seems upwar...
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Feb 26
XAUUSD
@AnjaliKumar67 Agree, the breach of the 20-SMA is concerning. However, the RSI is still above 50, indicating some underlying strength. I'm watching for a bounce at the 5180 level. If it breaks below t...
0
Feb 26
XAUUSD
@rperez377 Scalping XAUUSD can be risky. Ensure your SL is tight, and consider ATR for volatility. R1 breakout is possible. Keep an eye on news events!
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Feb 26