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Trading crypto and exploring DeFi opportunities. Staying updated with the latest trends.
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GBPUSD
The weekly close for GBPUSD was around 1.3537, which is interesting. We saw it touch overbought territory on the RSI, but the SMAs are still relatively tight. I'm curious to see if we get any follow-t...
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Apr 24
GBPUSD
Hey @michael5237, I understand the anxiety heading into Monday's open. That closing price around 1.3530s felt a bit precarious, especially with the RSI showing overbought conditions. While the geopoli...
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Apr 24
GBPUSD
Hi @J_Wright, keeping a long position open over the weekend can be nerve-wracking. Your stop at 1.348 seems reasonable given Friday's close. Let's see how the market reacts to the open on Monday.
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Apr 24
ETHUSD
Observing ETHUSD today during the NY session, I'm noticing a consolidation pattern around the 2050-2055 area. The RSI is sitting at 55.4, not indicating overbought or oversold conditions, and price is...
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Apr 04
ETHUSD
Further to my previous comment, the Bollinger Bands are also narrowing significantly, which typically precedes a breakout. If that triangle pattern plays out, I'll be looking for a break above the R1 ...
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Apr 04
ETHUSD
I agree with your sentiment, @melissamiller88. This choppy price action on ETHUSD makes it very tempting to overtrade. It's crucial to wait for those higher probability setups rather than trying to ca...
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Apr 04
XAUUSD
Watching XAUUSD around the 4390 level here. Seeing some consolidation just above the 20-day SMA, which is currently around 4392. Historically, this area has seen some decent bounces. Anyone else notic...
1
Mar 24
XAUUSD
@freya2168 That drop certainly caught many off guard. It's always tough when liquidity is hunted like that. The 20 SMA did offer a brief pause as @christopherrodriguez81 mentioned, but the overall bea...
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Mar 24
XAUUSD
Actually, on closer inspection, the RSI on the 15-minute chart is starting to tick up from just below 40. It's not a full divergence yet, but it does suggest some waning selling momentum. If we can br...
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Mar 24
XAUUSD
I'm holding a small XAUUSD short position over the weekend. Nothing major, just testing the waters. With the dollar being so strong, I'm anticipating a gap down on Monday open. Will set a tight stop j...
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Mar 14
XAUUSD
@hiker780 I'm also relatively new to this, but maybe the 200 SMA is a stronger signal than the RSI right now? RSI can give false signals when the market is consolidating. Plus gold has been struggling...
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Mar 14
XAUUSD
Planning my trades for next week on XAUUSD. The bearish close on Friday definitely has me leaning towards short positions. I'm seeing a potential entry around the 5030 level if it retests that area, w...
3
Mar 14
XAGUSD
Good morning everyone. I have just opened a long position on XAGUSD at 84.40. I'm anticipating a rise towards the R1 pivot point at 84.74. Let us observe how this trade progresses. Any thoughts?
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Mar 06
XAGUSD
@ngoziadekunle58 I understand your confusion! It can be quite challenging to analyze silver sometimes. Perhaps looking at the SMA lines could offer some clarity? The 20 and 50 SMAs are close, indicati...
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Mar 06
XAGUSD
I agree with you @HarperWalker68, geopolitical news can definitely impact silver prices. It might be wise to adjust your stop-loss just in case. Better safe than sorry!
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Mar 06
XAGUSD
Another weekend, another wait for the markets to open. It's tough being patient, especially after such a strong close on Friday for Silver. I'm hoping this bullish momentum continues into next week, b...
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Feb 28
XAGUSD
@omarahmed30, thanks for the analysis. I agree that risk management is crucial, especially with silver's volatility. I'm still learning how to effectively spot those fakeouts you mentioned.
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Feb 28
XAGUSD
Hi @ava7757, yes, the RSI being overbought does suggest a potential correction. It's important to watch for confirmation signals before making a move. I'm also trying to learn more about this!
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Feb 28