zanurreload Trading Journal

Posts: 9575 · #1021 - September 25, 2021, 01:18:25 AM

the usdjpy movement by looking at the chard with the time frame on h1, it is clear that in the three trading days that occurred on the usdjpy market, the candle can continue to experience a trending movement by pointing up with a fairly high range, the last condition of the usdjpy price has reached the terminal supply area which above, to be able to open a position on the usdjpy pair, we should also look at the data shown by several other indicators installed on the usdjpy chart, the red line of the rsi 14 indicator has entered the overbought area, so there is a possibility that the usdjpy price will reverse direction, for the macd indicator it still shows that the histogram bar that is formed is above the zero level with the macd signal line pointing upwards, while the exponential moving average indicator shows three ema lines with different periods that are clearly still pointing up.

Posts: 9575 · #1022 - September 25, 2021, 01:21:13 AM

If we look from the point of view of the trend, this GOLD should still have the potential to go down, because from the formation of a Low which is lower than the previous Low, therefore I prefer to just take a short position, friends.
The price level of 1787 is the maximum stop loss distance, if it turns out that the price actually goes up and breaks through 1787, the Sell scenario is cancelled

Posts: 9575 · #1023 - September 27, 2021, 11:59:08 PM

if we look at the development of the euraud price using the time frame on h1, it can be seen that on the first day the market opened earlier this week, apparently the euroud price could experience a movement in a downward direction, indeed the euraud candle had moved up and touched the supply terminal area, but it turns out that the price of euraud was unable to penetrate it which in the end the movement of the euraud chart could be closed at a price much lower than the opening price on Monday morning, to look for opportunities to open positions on the euroud pair, we should first monitor the instructions given by several indicators installed on the euro. the euraud market, looking at the red line from the rsi 14 indicator, indeed the line is already stuck in the oversaturated area and the end of the line is bending upwards, while the data shown by the macd indicator does show that the histogram bar is in a position below the zero level with a fairly long size , the direction of the signal line is also facing the Wow, for the three ema lines it looks like they are still moving downwards.

Posts: 9575 · #1024 - September 28, 2021, 12:13:27 AM

In perspective, USDJPY has strengthened in the weekly move. Where the Buyer's strength managed to push the price above the Resistance of 110,500, and it's not wrong if later USDJPY will continue to experience an Uptrend and every decline we will use as an opportunity to Buy on Dip. But before concluding the Trading Plan we must look at the picture on the Daily Chart below.
Finally to conclude the Trading Plan, I use short term price action and highlight the Bullish Wave on the last move. Where the Flat Liner of the Double Bottom Pattern can be used as an action:

Buy Limit : 110.100
Stop loss : 109.500
TP 1: 111.000
TP 2: 111,800

Posts: 9575 · #1025 - September 28, 2021, 12:22:23 AM

let's look at the AUDUSD pair technically where bearish divergence and 200 DMA challenge AUD/USD buyers within a 100-pip range between 0.7320 and 0.7220. In addition to the 200 SMA level around the 0.7300 threshold, the eight-day descending resistance line at 0.7305 adds an upside filter before pushing the price towards the 0.7320 hurdle. If the price manages to buck the RSI divergence and cross the 0.7320 resistance, September 10 top around 0.7410 and monthly top near 0.7480 will be in focus. On the contrary, the pullback movement will be limited by the support at the range near 0.7220.

Posts: 9575 · #1026 - September 28, 2021, 12:28:12 AM

GBPUSD on the 4-hour timeframe I added two trendlines that form a converging Chanel. My trading plan is waiting for a BREAK OUT to occur to determine the next direction. It takes patience waiting for a breakout to occur, hopefully later you don't miss the momentum of the open position. My prediction is that a break will occur at the opening of the European session this afternoon. ANALYSIS CONCLUSION: Open long positions when the price rises above 1.3725. the target rises to the resistance at 1.3840 and limits losses at the support level at 1.3700.

Posts: 9575 · #1027 - September 28, 2021, 12:32:16 AM

The audjpy price is currently in the supply area which will decrease to the demand area. For the open sell the price is 80,724 below the supply area with the take profit target at 79,056 above the demand area and the stop loss at 80,926 above the supply area.

Posts: 9575 · #1028 - September 28, 2021, 12:36:42 AM

Although on Monday morning GOLD started with a significant strengthening, but in the afternoon the price of GOLD fell again, previously I have appealed to traders who have a Buy position to take profits as soon as possible aka don't hold it for too long, and hopefully my friends here have harvested all profit. If you look at the momentum of GOLD from the previous day, the seller's sentiment tends to be more dominant than the buyer's, therefore there is a high possibility for this week GOLD will resume its downward trend.

Posts: 9575 · #1029 - September 28, 2021, 12:39:27 AM

After the doji candle formed in Friday's trading, yesterday the GbpJpy buyers re-established their dominance in the GbpJpy market. This candle formed between the support and resistance 151.20 ? 151.98. The bullish trend is still the main direction of the GbpJpy price movement on the daily. EMA 12 and EMA 36 on the daily time frame appear to be curved with the end of the line in the 151.20 area. Meanwhile the daily Stochastic has reached the overbought level. While the OSMa rod is in the positive zone. This condition opens opportunities for further strengthening as well as opens opportunities for correction. It is possible that if the 151.98 area can still be penetrated by the buyers, the next target will be at 153.19 and the sellers can wait for the momentum in this area because in the past this area has become a resistance for the price trying to continue its strengthening.

Posts: 9575 · #1030 - September 28, 2021, 11:33:45 PM

From a technical point of view that AUDUSD is about to experience a pullback in the AUD/USD pair from the convergence of the 50-DMA and 20-DMA, around 0.7320, seen retesting the lower end of the 100-pip trading range set since Sept. 20, also comprising support one-month horizontal line near 0.7220.

Posts: 9575 · #1031 - September 29, 2021, 12:31:43 AM

This morning I found a good signal in the EURCHF currency pair. The picture below is the daily price movement of the EURCHF time frame currency pair. The stochastic oscillator moved up from level 20 to level 80. From the stochastic oscillator indicator, look for buying opportunities on the lower time frame.

Posts: 9575 · #1032 - September 29, 2021, 12:34:00 AM

commodity XAUUSD at the market opening yesterday there was a bullish momentum that made the price able to be corrected up until it penetrated the resistance level of 1757.09. However, the bullish momentum that occurred was unable to be continued by the price, making the price fall again and at this time it looks like the price is likely to go down again by looking at the 50 moving average which is above the current price.

Posts: 9575 · #1033 - September 29, 2021, 12:38:15 AM

yesterday's market movement turned out to be very significant, especially in GBP-USD which showed great power in its bearish movement, if I compare the movements of several pairs with the movement of GBP-USD, it seems that there is a GBP factor that is indeed weakening too so that it is increasingly pushing for the GBP- The USD's bearish move is getting deeper and more significant, besides that the strengthening of the USD is also one of the factors that caused the GBP-USD to move bearish yesterday.
The description of the daily GBP-USD timeframe looks interesting because the strong support area has become my main concern for several days because it has rejected bearish movements several times, finally yesterday it was able to breakout or the daily candle closed below the strong support area,

Posts: 9575 · #1034 - September 29, 2021, 12:47:12 AM

Observing the 4-hour chart, yesterday's GOLD price managed to breakout the 1745 Support level and formed low prices at 1727. However, if you pay attention, the movement of GOLD price is still below the two Moving Average lines and the Ichimoku cloud area, so the movement will be more likely to fall. Moreover, fundamental factors support the decline in GOLD prices.

Posts: 9575 · #1035 - September 29, 2021, 12:50:14 AM

OIL on the H4 TF chart, it can be seen that there is a supply pattern that is parallel to the FLIP SR which means this area will usually make the price weaken, while the target for this weakness is most likely to reach 73.84 or even deeper to the SSR line at 70.38, not much. What Don can discuss in the mapping above is because the setup is clear, so what needs to be planned next is only lot settings and risk management, because in this mapping it is clear where to stop loss and take profit and the reason why Don takes sell entries.