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I'm studying technical analysis to improve my forex trading skills.
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XAUUSD
This Iran stuff is crazy. I saw gold jump on Friday but honestly, it feels like a trap. Like they pump it up on news, then dump it when everyone's watching. I'm staying away from opening new positions...
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Apr 21
XAUUSD
Looking at the hourly chart, I think I see a sort of falling wedge pattern forming. It's been bouncing between these two trendlines, getting tighter and tighter. Usually, that means a big move is comi...
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Apr 21
XAUUSD
@david8902 I'm worried about a gap down, not up. That ceasefire talk sounds shaky and if it falls apart, gold could drop hard. I don't think it'll be a calm open at all.
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Apr 21
BTCUSD
Man, saw that jobless claims number was way better than expected. That usually means the Fed might keep rates higher for longer, which isn't great for crypto like BTC. Seems like we could see some pre...
1
Apr 03
BTCUSD
@aishabello47 yeah, I totally get being cautious around 67k. It feels like a tricky spot. Moving your stop to breakeven is smart when you're not sure. Better to lock in some gains than lose everything...
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Apr 03
DXY
This DXY drop... it's weird. Not seeing huge volume to confirm it's a real move down. Feels more like a pause or maybe a liquidity grab before it goes back up. Anyone else seeing this?
1
Mar 23
DXY
Just went long DXY around 99.05. Hoping the Middle East tensions keep pushing it up. Stop loss at 98.80. NFA.
3
Mar 23
DXY
Hey @MAdebayo14, thanks for sharing the analyst's thoughts. I'm also trying to figure out what's going on with DXY. The news about the Middle East tensions makes me think it should be going up, right?...
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Mar 23
EURUSD
Anyone else keeping an eye on the economic calendar this week? Seems like there's a lot of potential for EURUSD volatility with the central bank meetings and inflation data coming out. I'm trying to b...
1
Mar 13
EURUSD
@eoghenekaro479 I'm also new to fibonacci, but I've read that using them on higher timeframes (like D1) can give you more reliable levels. Maybe try that?
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Mar 13
EURUSD
@joseph1987 Sorry to hear about your stopped out trade. It's tough when the market moves against you like that. I'm still learning, but it seems like EURUSD is really sensitive to dollar strength righ...
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Mar 13
XAUUSD
Is gold repeating patterns? I remember back in June 2023, XAUUSD had a similar dip before rebounding. The RSI is low now, like it was then. I'm wondering if it's a good time to buy, but I'm still a li...
1
Mar 05
XAUUSD
Update: I'm looking at the Bollinger Bands. The price is near the lower band. That could signal an oversold condition. I'm still hesitant to jump in, but it's something to consider. Maybe a small posi...
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Mar 05
XAUUSD
I closed my small XAUUSD short position. It hit my stop loss. Small loss, but still frustrating. I thought it would go lower based on the trend. Need to re-evaluate my strategy and not get too confide...
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Mar 05
BTCUSD
BTCUSD is showing bearish signals. The RSI is below 50. Price is testing the lower Bollinger Band. I'm watching to see if it breaks below the S1 pivot. If it does, further downside is possible. I'm st...
1
Feb 27
BTCUSD
@BoldRiver57 Yes, I'm seeing the same thing. The downward pressure seems pretty strong. I'm also watching that S2 pivot level.
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Feb 27
BTCUSD
Update: It looks like BTC is struggling to hold above the 66000 level. If it fails to bounce here, we might see a test of the S2 pivot around 65400. Still being cautious about entering any new positio...
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Feb 27