Forex Zone - Forex Forum

fragile trading journal

Discussion started on Trading Journal

  • Sr. Member
  • Posts: 329
  • Points: 2864
  • Likes Received: 109
  • Reputation: +0/-0
USD CAD pair is currently trading at 1.2488 level. I have made my analysis on a daily time frame. This pair is trading in a bearish channel for a long time. Three times it got to 1.2487 level and has created a triple bottom here. I will be suggesting I wait for it. Currently, USD X is losing its strength and oil is going up that?s why USD CAD is going down. If USD CAD breaks the 1.2487 level then will be suggesting to sell for the next target of 1.23500. Otherwise, buy above 1.2655.
#256 - April 20, 2021, 09:34:56 AM
Attachments:

  • Sr. Member
  • Posts: 329
  • Points: 2864
  • Likes Received: 109
  • Reputation: +0/-0
GOLD is currently trading at the 1767 level. And the highest it touched is 1790 almost. I have made my analysis on a daily time frame and the pair is trading in a bearish channel and exactly gets to the top and now daily close is inside the channel. So here I will suggest waiting for the confirmation. If GOLD break above this channel top 1790 then the next stop would be 1850. On confirming breakout I will be suggesting buy opportunities on GOLD. But if GOLD failed to break above 1790 then sell from the top will surely go down for the target 1700. 



#257 - April 20, 2021, 09:38:20 AM
Attachments:

  • Sr. Member
  • Posts: 329
  • Points: 2864
  • Likes Received: 109
  • Reputation: +0/-0
EUR USD pair yesterday got to 1.2077 level and then started down journey. Currently trading at 1.1923 level. I have made my analysis on the h4 time frame this pair is yet holding above the trend line. I will be suggesting waiting for the pair to break below the trend line then sell it for the next target of 1.1800. Also, on a daily time frame, the pair has closed below yesterday candle which proved that the bullish breakout was fake. Sell the pair and grab the profit.
#258 - April 21, 2021, 05:18:05 AM
Attachments:

  • Sr. Member
  • Posts: 329
  • Points: 2864
  • Likes Received: 109
  • Reputation: +0/-0
The GBP USD pair yesterday touched it's top 1.40030 and then fell sharply. I was exactly expecting the same from GBP USD, yesterday I have mentioned the trade entry points and I hope you guys haven?t missed it. I have made my analysis on the h4 time frame. It has created a harmonic bearish bat pattern and also on a daily time frame it has touched the broken area yesterday. So it will go down best to sell on the dip. 
#259 - April 21, 2021, 05:19:42 AM
Attachments:

  • Sr. Member
  • Posts: 329
  • Points: 2864
  • Likes Received: 109
  • Reputation: +0/-0
USD CAD pair has been closed above the channel. Currently trading at 1.2611 level. This time USD CAD pair bounced off from its strong support and there it had completed triple bottom. So whenever a pair bounces off from its bottom, then it has more power to break all the resistances very easily. I?m already on the buy trade. And I will be suggesting buying USD CAD pairs for the next resistance. I'm sure it will go up and will target the 1.2787 level soon. Yesterday it had a very nice bullish candle on the h4 time frame, and I?m sure it will have the tendency to rise more. 
#260 - April 21, 2021, 05:21:10 AM
Attachments:

  • Hero Member
  • Posts: 1025
  • Points: 2067
  • Likes Received: 296
  • Reputation: +6/-4
USD CAD pair has been closed above the channel. 
very good analysis dear and iam really thanks for your effort, and from the asian session market the USDCAD still climbing and now drop suddenly but in my analysis it will be climb more higher again, so we can prepare to only find the buying setup on this pair.
#261 - April 21, 2021, 02:44:44 PM
« Last Edit: April 21, 2021, 04:35:32 PM by Mikser »

  • Sr. Member
  • Posts: 329
  • Points: 2864
  • Likes Received: 109
  • Reputation: +0/-0
USD CHF pair is currently trading at 0.91507 level. I have made my analysis on a daily time frame, and you can see that this pair is showing some nice bearish signals. And the next support lies around 0.8980. Also, yesterday candle made a very nice bearish pin bar which is confirming the bearish trend continuation. Secondly, USD X is also losing its strength which will push USD CHF pair downward. The best would be to sell the pair for the next support.
#262 - April 22, 2021, 08:45:07 AM
Attachments:

  • Sr. Member
  • Posts: 329
  • Points: 2864
  • Likes Received: 109
  • Reputation: +0/-0
USD JPY pair is currently trading at 107.82 level. I have made my analysis on a daily time frame. USD JPY today cal de is going below the trend line. Here I will be suggesting to wait for today?s closing if it closed below the trend line then I will be suggesting to sell trade on USD JPY for the next target 105.540. But if it didn?t break the trend line then will suggest buying above 108.22 for the target 110.22. 



#263 - April 22, 2021, 08:46:30 AM
Attachments:

  • Sr. Member
  • Posts: 329
  • Points: 2864
  • Likes Received: 109
  • Reputation: +0/-0
EUR USD pair is currently trading at 1.20303 level. I have made my analysis on a daily time frame. This pair has successfully broken the resistance and now holding above the resistance is the sign for a bullish trend continuation. But still, here I will be suggesting to wait for this pair today candle closing, if the EUR USD pair today candle closes above the previous angle then it will break. We can take a buy trade for the next resistance 1.21770 level. But if today the candle closed below the previous candle and closed inside the channel that will show that the breakout was fake. Then I will be suggesting to sell from the top for the target of 1.1800. 



#264 - April 22, 2021, 08:56:37 AM
Attachments:

  • Sr. Member
  • Posts: 329
  • Points: 2864
  • Likes Received: 109
  • Reputation: +0/-0
USD CAD pair is trading in a specific zone between 1.2633 to 1.2476 level. The day before yesterday the daily candle closed above the bearish channel trend line. I was waiting for the next daily candle to close above the previous to confirm the bullish breakout. But it didn?t break above the previous candle and started going down. 1.2600 was the best place to take sell for the bottom 1.2467. It exactly gets to the support. So here I will be suggesting to wait for the pair if it breaks below the support then will go down and will try to touch the channel support line which lies at 1.2345 level. 



#265 - April 23, 2021, 05:38:22 AM
Attachments:

  • Sr. Member
  • Posts: 329
  • Points: 2864
  • Likes Received: 109
  • Reputation: +0/-0
EUR JPY pair is currently trading at 129.754 I have made my analysis on a daily time frame. This pair is holding above the trend line which shows the bullish trend continuation. If the EUR USD pair breaks below the trend line. I will be suggesting to sell trade on EUR JPY pair from top but if it didn?t break and successfully holder above the trend line. I will be suggesting buying trade on EUR JPY for the target 130.88 is the top of this pair.
#266 - April 23, 2021, 05:39:50 AM
Attachments:

  • Sr. Member
  • Posts: 329
  • Points: 2864
  • Likes Received: 109
  • Reputation: +0/-0
GBP USD pair is currently trading at 1.3863 level. I have made my analysis on a daily time frame. A few days ago j have mentioned in my journal that if GBP USD break above 1.390 then it will go up and will target the broken area at 1.4001. It exactly gets there and touched that level. It's Friday, so I won?t suggest opening a trade. But overall GBP USD pair is bearish and will go down. 



#267 - April 23, 2021, 05:41:07 AM
Attachments:

  • Sr. Member
  • Posts: 329
  • Points: 2864
  • Likes Received: 109
  • Reputation: +0/-0
GOLD has been closed at the 1776 level. This week GOLD went up and touched the top at 1800, then got rejected from the resistance. I have shared my analysis yesterday on GOLD on a daily time frame, and today I will share my analysis on the h4 time frame. On a daily time frame GOLD exactly hit the top of the trend line and then closed below the trend line is a pretty good sign for bears. In the h4 time frame, the pair is trading in a bullish trend and holding above the trend line. I will be suggesting to wait for it. If GOLD breaks below the trend line then sell the pair for the next target 1740 and 1720. But if it didn?t and again showed a bullish trend then it will surely break the channel above and will target 1850. 



#268 - April 24, 2021, 10:44:58 AM
Attachments:

  • Sr. Member
  • Posts: 329
  • Points: 2864
  • Likes Received: 109
  • Reputation: +0/-0
EUR USD pair has been closed on a resistance 1.2100 level. A few days back I was reading someone's analysis and that person mentioned that EUR USD will soon get to the 1.210 level, and it will hit that level. I have made my analysis on the h4 time frame EUR USD pair is now trading in a bullish channel. I have drawn that channel in my chart you can see. So according to this channel EUR USD pair will go up more and will target its top trend line which lies at 1.2155. When the EUR USD pair gets to 1.2156 level that will be the best place to take a sell trade from the top and the target would be 1.2001. And breaking below that will expose the next support. 
#269 - April 24, 2021, 10:48:26 AM
Attachments:

  • Sr. Member
  • Posts: 329
  • Points: 2864
  • Likes Received: 109
  • Reputation: +0/-0
The USD X pair this week traded a strong bearish trend. The pair has been closed at 91.80. I have made my analysis on a daily time frame. This pair shows more bears and I think it will go down and will get to the next support at 90.25. I will be suggesting to sell trade on USD X and the target would be 90.25. With stop loss 92.30. Also, the situation in the USA is not good that?s why USD X is going down without upside correction.
#270 - April 24, 2021, 10:55:01 AM
Attachments:

Members:

0 Members and 1 Guest are viewing this topic.