Ikhtiar Trading Jurnal

Today I attempted to sell USDCHF with a stop-loss order at 0.8080 and a take-profit order at 0.8046. USDCHF on the M15 timeframe. From a price action perspective, the sharp decline following the Moving Average breakout is a strong signal that sellers are dominating the market. The area around the moving average, now above the price, acts as dynamic resistance. Every time the price attempts to rise near that area, it is likely to encounter renewed selling pressure.

Today I attempted to buy NZDUSD with a stop-loss order at 0.5934 and a take-profit order at 0.5974. On the NZDUSD M15 timeframe, we see a long series of bullish candles as the price breaks through the moving average. These candles have relatively large bodies, indicating strong buying pressure. After this surge, the market entered a consolidation phase with candles that tend to be small and move sideways. This phase indicates a temporary balance between buying and selling pressure, as buyers attempt to maintain the rising price level.

Today I attempted to sell gold with a stop-loss order placed at 3364.31 and a take-profit order at 3336.08. The medium-term trend for gold on the M15 timeframe remains bearish, but the current downward momentum is weakening as the price moves sideways. During the initial downturn, many long bearish candlesticks with short tails appeared, indicating sellers were in full control.

Today I tried selling EURCHF with a stop-loss at 0.9427 and a take-profit at 0.9397. On the M15 timeframe, EURCHF showed several candlesticks with long wicks at the top and bottom, indicating price rejection at certain levels. There were no clear reversal patterns like a double top or head and shoulders, but the price movement tended to be more of an impulse-correction pattern.

Today I tried to buy EURUSD with a stop-loss order at 1.1656 and a take-profit order at 1.1699. On the M15 timeframe, EURUSD is currently moving above the 200-day moving average (MA200), indicating a bullish trend. We can also see that EURUSD briefly fell, but there was resistance, and there is potential for it to rise again.

My open buy order on EURUSD hit my take profit, resulting in a $2.30 profit. Looking at the EURUSD movement today, it did indeed rise quite significantly and form a new resistance area. Today, EURUSD was observed to have risen to 1.1731.

Today I attempted to buy GBPJPY with a stop-loss order at 199.14 and a take-profit order at 199.99. The GBPJPY price structure on the M15 timeframe indicates strong buyer momentum despite the consolidation. This consolidation area is just above the buy entry level, indicating the market is still in the positive zone.

My open buy order on GBPJPY hit my take profit, resulting in a profit of $2.51. Looking at the GBPJPY movement on the M15 timeframe, it did rise and is currently at 200.25. The GBPUSD trend is still up, and we can still look for buying opportunities.

Today I tried to sell USDJPY with a stop-loss at 148.04 and a take-profit at 147.56. USDJPY on the M15 timeframe. From a candlestick pattern perspective, the sharp decline formed a larger bearish engulfing formation, where the bearish candle completely engulfs the previous bullish candle. This pattern often signals an early trend reversal or, at the very least, a deep correction. After the decline, the price moved sideways within a relatively narrow range, indicating a consolidation phase following an extreme decline. This condition often occurs when the market is searching for a new direction after a major move.

My open sell on USDJPY hit my stop-loss, resulting in a loss of $1.55. USDJPY's movement today was quite extreme, dropping to 1.55 and forming a new support area.

Today I attempted to sell CADJPY with a stop-loss at 107.61 and a take-profit at 107.08. On the M15 timeframe, CADJPY's trend showed a gradual increase, forming higher highs and higher lows, indicating a temporary uptrend. However, after peaking, the price began to decline with a fairly large bearish candle, breaking through the 200-day moving average (MA200) and continuing with a series of further bearish candles. This indicates that the previous bullish momentum is weakening, and the market is now dominated by sellers.

My open sell on CADJPY hit my take profit, resulting in a profit of $1.63. I believe CADJPY is likely to fall again, as a new supply area has formed around 107.15 on the 15-month timeframe. This area could potentially prevent CADJPY from rising further.