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  1. Petez_FX

    LTCUSD Thoughts

    As it's Easter weekend the Forex markets have been pretty quiet today, with Commodities, Indies and Metals all shut. I've been focusing more on Crypto trading and potential opportunities. Here is my analysis on LTCUSD (Litecoin): You can see that price has broken out of a 4h TL that has held...
  2. Petez_FX

    EURUSD Short Continuation

    I'm expecting EURUSD to continue downwards from the 1.09636 area. This pair has been in a overall downtrend for a long time now, so I am aiming to catch the daily 3rd touch, alongside the 38.2 fib and 28 & 50 Daily EMA. I find that these are strong confluences to send price down. If you take...
  3. Petez_FX

    GBPJPY Areas of Interest

    Here are my thoughts on GBPJPY. We have been trending upwards nicely since the 18th of March, so I would expect this to continue. You can see on the chart that we have broken a zone of consolidation that lasted for 12 trading days. My confluences for the buy at 134.70: 200 4H EMA, 4H TL (third...
  4. Petez_FX

    Bitcoin (BTC) analysis thread

    Great Bitcoin analysis as always - will keep an eye out for these key levels. Hoping for a bull run myself, but not ruling out another crash unfortunately.
  5. Petez_FX

    GBPUSD SHort

    Here is my view on GBPUSD. I believe that we will see some upside to the 61.8% Fib & third touch of downwards TL and then continue downwards (potentially to 1.2). I have marked up potential entries, stop loss and take profits. Let me know what you think below - cheers.
  6. Petez_FX

    XRPUSD Analysis (and thoughts)

    Here is my take on XRPUSD - as I know a lot of people hold or trade this coin. I done some analysis last week on this pair, and price hasn’t moved that much since, but here are the key levels I have marked up. Overall, I am still bearish on Crypto (see my analysis on Bitcoin). I am not ruling...
  7. Petez_FX

    Bitcoin Analysis (and thoughts)

    Here are my thoughts on BTCUSD. I have marked out some key supply & demand areas that I will keeping an eye on. Overall my theory is that BTC will remain under the 10k mark, and we may see some form of bull run when BTC halving comes into play - ETA 15th May 2020. The first area that stands out...
  8. Petez_FX

    GBPUSD Scenarios

    Here are two scenarios for GBPUSD. Scenario 1 (black arrows): Price is approaching a supply area along with the 1.26 psychological level, lined up with this area we can see the 50 EMA on the daily as an added confluence. I would expect price to bounce from this area a fair bit and produce some...
  9. Petez_FX

    USDJPY Short Opportunity and Analysis

    Lots of USD pairs are at questionable highs. With the market acting crazy, could we see the Dollar to crash, in my opinion I reckon it is due to - but it's only a matter of time. With the Fed injecting 'unlimited' amounts of money into the market, this can only end back sooner rather than later...
  10. Petez_FX

    EURUSD ongoing thread \m/

    Going to look and buy this throughout the week - got some upside I reckon.
  11. Petez_FX

    GBPUSD more downside to come?

    Here are a couple of areas that could be interesting for GBPUSD. Upcoming, we have the 1.2 area. It is a strong psychological level, paired with a key level that has been untested. We should see some downside. The other area is 1.22, another strong psychological number paired with a touch of...
  12. Petez_FX

    Gbpusd and eurchf

    Looks like GBP is falling to the ground, wonder when it will drop that's the question. Just seen GBPUSD - all time lows, crazy.
  13. Petez_FX

    GBPAUD

    Looks good. I will look to buy around the same area as what you have marked up.
  14. Petez_FX

    GBPJPY Ready to moon? or not

    GBP took a bit of a beating this week. Probably just a correction of the big move on the BOE interest rates - and of course, the Corona Virus isn't helping with JPY strength.
  15. Petez_FX

    GOLD whats next?

    Wonder what is next for Gold? NFP tomorrow will be an interesting one for sure - always fake moves. I'll try and stay away most likely.
  16. Petez_FX

    EURGBP

    I don't really trade this pair, but the analysis is spot on. I try and stick to GBPxxx pairs instead!
  17. Petez_FX

    AUDUSD Swing long

    AUDUSD picked up some strength this week - good to see. About time really. I was going to long, but didn't end up doing it - meh!
  18. Petez_FX

    The Beauty of Trading

    Forex is great for making money!
  19. Petez_FX

    What time frames are better to trade on?

    4H/Daily/Weekly/Monthly are best.
  20. Petez_FX

    Money management is crucial in Forex Trading

    For sure, 1-2% max per trade.