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Trading forex using technical indicators and price action. Always learning and improving my skills.
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EURUSD
Just watched a YouTube vid saying EURUSD might be stuck in this contracting triangle pattern near 1.1450 they mentioned last week. The guy was saying if it breaks below that, it could get ugly fast. ...
EURUSD
Yeah I saw that too, the one talking about the triangle. He also said something about geopolitical tensions making the DXY stronger which usually means EURUSD goes down. It's confusing because it's ...
EURUSD
This price action is choppy. If the volume doesn't pick up soon, I'm getting out of my long before bed. Don't want to be a bag holder if this fades.
GBPUSD
Anyone else keeping an eye on the FOMC minutes later today? That and the US unemployment claims are usually pretty big movers for GBPUSD. If they come in worse than expected, especially with the DXY a...
GBPUSD
@vRobinson93 I agree, the volume has been pretty weak. It's like nobody wants to commit on GBPUSD right now. I saw the RBA news about oil prices affecting rates and it got me thinking about how global...
GBPUSD
Just opened a small long on GBPUSD at 1.3322. Aiming for 1.3350, let's see if we get that bounce off this support.
BTCUSD
Risk management is so crucial, especially in this BTC volatility. I'm always aiming to keep my max loss per trade under 1% of my capital. If I see a setup that doesn't offer at least a 2:1 risk/reward...
BTCUSD
@jgarcia891 Totally agree about the emotional aspect. Easy to get caught up in the hype, especially with BTC. I've been burned too many times by FOMO. Sticking to the plan is tough but crucial.
BTCUSD
Yeah, and for me, that means always having a clear exit strategy BEFORE I even enter a trade. Whether it's a TP at R1 or a SL below the previous low, no ambiguity.
XAUUSD
Thinking of holding my XAUUSD long position over the weekend... the RSI is still looking pretty bullish on the daily. But that 200 SMA resistance is looming around 5192. Might tighten my stop loss jus...
XAUUSD
@oliverlewis98 Happens to the best of us mate! Don't let one bad trade get you down. Review what went wrong, and get back in there next week.
XAUUSD
Inflation and central bank policy are definitely key, @VikramArcher. Also keep an eye on bond yields... they tend to have an inverse relationship with gold.
EURUSD
EURUSD ended the week pretty bullish, didn't it? Closing above 1.18 is a good sign. I'm wondering if we'll see a continuation next week. The 20 and 50 SMAs are about to cross, which could signal even ...
EURUSD
@ldnFinn I agree, that 1.18 level is key. A break below 1.1770 would definitely change the outlook. I'm also keeping an eye on the D1 chart for confirmation.
EURUSD
Update: Thinking about the potential impact of that news about Iran... If the market opens with a risk-off sentiment on Monday, EURUSD might initially drop. However, a weaker USD due to safe-haven flo...
BTCUSD
Anyone else think BTC is looking a bit overbought on the daily? RSI is creeping up there, and we're testing those recent highs again. Could be a good time to look for a short-term pullback. I'm gonna ...
BTCUSD
@I_Abubakar I agree, the consolidation is pretty clear. That 20 SMA support you mentioned is key. I'm also watching those levels. A break above 68700 could signal a continuation of the uptrend, but I'...
BTCUSD
Yeah @tylerwhite, sideways action can be frustrating. Best not to force anything, tbh. Look at the Bollinger Bands, they're tightening up, suggesting a potential breakout soon. Just gotta wait for con...
GBPUSD
Looking at the H4 chart, GBPUSD seems to be forming a bearish flag pattern. If we get a confirmed break below 1.3550, could see a move down towards 1.3520. Setting a tight SL just above the flag at 1....
GBPUSD
@ABaig41 News events are defo risky, I agree! I used to rely on Reuters, but now I mainly stick to the official UK stats releases and Bank of England statements. They give a clearer picture than all t...

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