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Black Dollar Trading Journal

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Black Dollar

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Hello everyone how are you all.?8)
I hope all are doing good here.!
I am new here, I have 4 years experience of forex trading, I am a technical analyst, this is my first post  in this forum, I will share with you my analysis on daily basis in shah Allah in my own trading journal,  I am a harmonic trader and gold is my favourites metal, I will share with other pair analysis very soon in shah Allah.
But I don't know, on which base the bonus is distributed? Whether it’s monthly, weekly, or daily? I heard a lot of people saying this forum is wonderful and people got bonuses. Then I decided to come here, want to try my luck let’s see how it works.  I have no trading account I will decide which broker is suitable for me.
In shah Allah, I will share my journals here you all can see,
please do support me.
And also I hope I will learn a lot here too IA.:):):)


Linkback: https://www.forex.zone/trading-journal/31/black-dollar-trading-journal/3228/
#1 - December 23, 2020, 07:04:16 AM
« Last Edit: December 31, 2020, 01:12:20 PM by Admin »

Black Dollar

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 USD CHF will move down 
#2 - December 23, 2020, 09:06:47 AM
« Last Edit: December 23, 2020, 09:17:50 AM by Azlan »

Black Dollar

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        WEEKLY PROGNOSTICATE OF EUR USD AND USD CHF

Hello good morning my all dear mates.
Today  I will share with you the assessment of EUR USD and USD CHF.

EUR USD WEEKLY RECAPITULATION

Approximately to my examine EUR USD will move down. If you analyse the market in the weekly chart time frame, you could see that price has been close below the resistance level, some weeks ago I was shared analysis EUR USD. And I said that EUR USD will move upward.
Now the price has been tested successfully my target, and weekly candle just tests the resistance level close below.
Which is located at 1.2236, now price again could move upward and would test this level for bearish trend confirmed, so you need a wait for again retesting when price retest this level you can place a sell order.

Set the take profit level of this position at the next support level which I have highlighted on the chart, at 1.2025, putting the negative target at just a few pips above the resistance level at  1.2260.
Another hand if price break this resistance level and daily candle close above this level than I don't think so EUR USD will move down.
After breaking this resistance level EUR USD will continue a bullish trend, and you can take a buy trade on EUR USD and set the positive target at the next highlighted level on the chart which is located at 1.2464.

Set the negative target at below this support level at 1.2207.
Overall EUR USD looks to be bearish, and I don't think so now EUR USD will move upward, so the best trade is sold, and you can place a sell trade on this pair when marketing open. Hopefully, EUR USD will test our positive target.

USD CHF RECAPITULATION

USD CHF price moves in bearish trend you could see that price has been close above of  USD CHF at the support level which is located at 0.8792.

The USD CHF looks to me bearish trend off, Hopefully, now USD CHF will start again bullish trend from this level, so you can take a buy trade when market open, and set the take profit level at first resistance level, I have also highlighted on the chart if USD CHF  value breaks this first resistance level and daily candle close above, you can move your take profit level at next resistance level which is located at 1.0057.

Before taking this position you need to use proper money management and set the stop loss at below this support level at 0.8759.
Another hand if USD CHF quotes break this support level and move down then you can take a sell trade and set the positive target at the next support level.

Overall USD CHF also looks to me bearish trend is off, and I hope USD CHF will move upward strongly and would be testing the higher level once again, these both trades are for long term. And hope both trades would be moving accordingly to my setup. Wish you all the best, have a great chance.


#3 - December 27, 2020, 06:24:10 AM
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Black Dollar

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EUR USD hour four chart time frame setup you can see my attachment I have highlighted the support and resistance level on the chart and now EUR USD  price are moving upward, approximately to my exercise EUR USD  again could be test this resistance level which I have mentioned on the chart at 1.2269, so you over all for long tern EUR USD  looks to me bearish, and I hope will move down from the top, you have to chance for sale on EUR USD  once sell form top if hour four chart time frame candles close below this resistance level which I have mention above, if you place a sell order from the top you can set your target at 1.2056, which is support level and I hope in this week EUR USD  will test this level, another chance is that, if EUR USD  price move down and four hour chart candles close below this support which is located at 1.2170, than you can take a sell trade also, and set your positive target at 1.2056, whether you sell for top than your negative target is 1.2286, and if you sell from the second sell setup which I said that, then putt  your stop loss at 1.2180, hopefully EUR USD would be exposed at 1.2056, have a good chance.
#4 - December 28, 2020, 05:06:36 AM
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Black Dollar

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Yesterday said that XAU USD  will move up, all the day I see XAU USD move upward, But suddenly in London session GOLD  start moves bearish very fast, and move down very speedy, but in New York session again I see GOLD recover loss in some seconds, So I see and analyse the market of GOLD is under pressure if GOLD break 1900 leveller than buy as you can as much.

Yesterday's price has been to break this level but unfortunately, that was a fake breakout, I hope today GOLD will move upward very speedy and would be exposed at the 1940 level.
#5 - December 29, 2020, 04:52:26 AM
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Black Dollar

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USD JPY  price moves in under pressure also, you could see my attachment and try to analyse the market of USD JPY, you will realize the price moves in under pressure.
Yesterday USD JPY price broke the resistance level 103.69, but unfortunately, the next candle has been close below this resistance level and again moves in the consolidation zone.

So that's why I shared with you the analysis of this pair you could see that's if price close hour four candles above this level then you can invest in but trade, and set the take profit level at next resistance level which is located at  104.59, and set the stop loss below at support level 103.62. Hopefully, USD JPY will move upward and would be to test the positive target.
#6 - December 29, 2020, 05:03:56 AM
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Black Dollar

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The GBP JPY price moves in a bullish trend channel in the daily chart time frame, and now the price is trading at resistance trend, I have mentioned the sell zone level on the chart hopefully the price will move after testing this level.

If you get the confirmation of retracted then you can take a sell trade from the resistance level and set the take profit level at the support level of this channel at 137.81, put the stop loss at above the resistance level142.27.

Another hand if the price breaks this channel to the upside and close daily candle above this bullish trend channel then you can take buy trade on this pair and set the positive target at 145.23, put the stop loss below this bullish channel resistance 140.06. I hope GBP JPY will move down.
#7 - December 29, 2020, 05:11:10 AM
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Black Dollar

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The price GBP CAD is also moving in a bullish trend yesterday's price has been trying to break the support trend level of this bullish trend, But fortunately, GBP CAD did not break it, as you can see I have invested in buy.

Hopefully, GBP CAD will move upward and would be to test my positive target, so you can take a buy trade on GBP CAD and set the take profit level at 1.7479, putting your stop loss at below of this trend support level at 1.7271.

GBP CAD also looks to me, today will grow positively.
Wish you all the best, all of you happy trading.
#8 - December 30, 2020, 04:15:38 AM
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Black Dollar

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The price of XAU USD moves in a bullish trend channel and is currently trying to rise up.
Hopefully, XAU USD will move up yesterday. Prices are moving in consolidation, I don't know what's the reason behind this.

However, today XAU USD will move up, and it’s looking to me strongly bullish, you can buy a buy trade on this set the take profit level at 1940 level and put the stop loss at below this trend support level at 1875.

Once XAU USD price has broken the resistance level of 1900 and new candle of hour four chart time frames have made above this level then again you can take a buy trade on XAU USD.
I hope today XAU USD would be exposed at 1940 level.
#9 - December 30, 2020, 05:04:24 AM
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Black Dollar

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Hopefully, XAU USD price will break this resistance level which is located at 1900, and it will be exposed to 1940. So you can set a profit level at 1940 or 1934, and put the stop loss to below this trend  line at 1880. Meanwhile, if the price of XAU USD breaks this support level than it could be moved down. However, you need to await for confirmation of break out when price break this level firstly confirmed, because usually we have seen fake break out. If the price breaks this level, and you confirm that it took the sell trade and set the positive target at 1825, and set the negative target at above this resistance level of 1880. Overall XAU USD  looks to be bullish, and I hope to move up also ten moving averages are supporting the price, which is the bullish sign.
#10 - December 31, 2020, 06:06:52 AM
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Black Dollar

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EUR USD  prices move in a strong bullish trend in every time frame chart, you can see in the weekly chart time frame, and you know all of you how strong the signal is in the weekly chart time frame.As you can see in the weekly chart time frame EUR USD  prices are crossing this resistance level which I have highlighted on the chart at 1.2270. You can take a buy trade on this pair, EUR USD  will move up and test the next highest level which is located at 1.2541. You can invest in the bullish side and set the take profit level at the next highest level which I have mentioned above and set the negative level for safe capital at below of this support level, which was work as a resistance before at 1.2235. Hopefully EUR USD  and XAU USD  will test the positive target, and you will get good profit from this trade, and have a good chance.
#11 - December 31, 2020, 06:10:06 AM
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Black Dollar

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The USD index was definitely giving a huge drop down since the last few weeks.
If we can see the index which was very much stable at 94.00 but after the negative news and USA election time index is getting weaker now. I think the price of USD index might drop more below 88.96 is the next target level. As we can see 103.00 was the highest price level earlier of this year but day by day USD condition is getting weaker.
#12 - December 31, 2020, 11:08:37 AM
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Black Dollar

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Gold price was moved at 1899 today highest and in this week price was trying to cross 1900, but we can see previous high was 1906 which was not able to break. I think the USD index can give more downtrend below 89.00 as a result the price of Gold can get a big rise over 1956 once again. Last time it was come down to 1765 and a strong swing over 1965 so that a big range of moves happen.it is important for us to check the recent fundamental news and obviously corona vaccination news can effect heavily into USD index and also gold, so we must have to look for the news each and every day.
#13 - December 31, 2020, 11:09:46 AM
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Black Dollar

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MY ELABORATION ON GBP USD 
I have made my analysis on GBP USD on daily chart, GBP USD pair is trading in a bullish channel from last few weeks almost from last month.
Yesterday it gets the top at 1.3644, and daily candle closed at 1.3600, which is a good bullish sign. But I think the trend line will react and will push the pair to downside to do some sort of corrections.
GBP/USD fades early-Asian upside momentum whilst taking rounds to 1.3615 ahead of Thursday’s London open. The cable jumped to the fresh pinnacle 1.3649 before currently declining to the intraday low of 1.3604. Despite the fact that the passage of the Brexit trade deal inside the U.K. House of Lords desired sterling’s initial run-up, the United States Greenback’s retreat from the multi-month low appears to have caused the today's fullback moves.
U.K. Parliament matched extensive expectancies of authorized the hardly fought Brexit alternate agreement with the European Union. Doubts surrounding the destiny of British services submit-Brexit join Scottish national celebration’s indirect chance to name for independence seems to have weighed at the Brexit deal passage optimism. The terrible side is the information that the second shot of the coronavirus vaccine can be behind schedule within the United Kingdom by around 12-weeks because of the government’s precedence to provide first doses to exert disadvantage stress on the sterling. Moreover, the leap in the virus cases, coupled with the recent instances of COVID-19 stress out of doors in the United Kingdom, also challenge the risks and offer an indirect guide to the USA dollar.
I will suggest to wait if GBP USD breaks above the trend line on a smaller time frame then buy the pair for the next target 1.3767-1.3866. Otherwise, sale the pair from top.


#14 - December 31, 2020, 11:37:15 AM
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Black Dollar

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Dear trader i am sharing my analysis of Eurusd currency pair. I am seeing that this currency pair started its movement to downward.It is bearish trend and it will move downward and its target will be 1.2110. it will be good to place sell entry on this market.

Entry 1.2270
Tp 1.2110
#15 - December 31, 2020, 12:41:04 PM
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