Ikhtiar Trading Jurnal

Today I attempted to buy USDCAD with a stop-loss order placed at 1.3826 and a take-profit order at 1.3875. USDCAD on the M15 timeframe. From a price action perspective, the long bullish candle that appeared before the correction indicates that buyers are still quite dominant. However, the small candles that appeared afterward indicate that the price is seeking a new equilibrium. This indicates that the market is currently in a small consolidation phase after the rally, and its next direction will be determined by the price's reaction to nearby support and resistance levels. If buyers are able to maintain momentum, the rally will likely continue. Conversely, if sellers enter more aggressively, the price could correct further towards the support area.

Today I attempted to sell USDJPY with a stop-loss order placed at 147.81 and a take-profit order at 146.66. On the M15 timeframe, the last candles in USDJPY indicate weakening upward momentum. Price movement began to level off after touching the dynamic resistance area, indicating buyers are losing their strength to continue the rally. This pattern often indicates that the market is preparing to resume its previous trend, namely a downtrend. If the price fails to break through the resistance area around 147.60, a further decline towards the previous support area is highly likely.

Today I attempted to buy CADJPY with a stop-loss order placed at 106.69 and a take-profit order at 106.16. On the M15 timeframe, CADJPY candles formed after a sharp decline indicate consolidation. Candles with small bodies indicate market uncertainty about whether to continue the downtrend or attempt a correction higher. This consolidation usually determines the direction of the next movement. If a breakout occurs downward, the bearish trend is highly likely to continue. Conversely, if a breakout occurs upward with sufficient volume, a retracement towards a higher resistance area could occur.

Today I attempted to sell EURUSD with a stop-loss order placed at 1.1732 and a take-profit order at 1.1692. On the M15 timeframe, we can see a fairly strong rejection at the previous resistance area, triggering a rapid price decline. This decline even created a long bearish candle, indicating aggressive selling pressure. Now, after reaching a new low, the price is moving sideways with small candles, indicating the market is awaiting further momentum. This condition is usually called an accumulation or distribution phase, depending on which direction the price exits the area. If the price breaks below, the bearish trend will likely continue.

My open sell position on EURUSD hit the take profit level, earning me a profit of $2.10. Today, EURUSD appears to have fallen to 1.1682, forming a new support area. It's likely to fall further.

Today I attempted to buy gold with a stop-loss at 3613.84 and a take-profit at 3656.90. Gold on the M15 timeframe. From the price action perspective, after a sharp decline, there was an attempted bounce back from the support area formed around 3620. The last candlestick showed buyers attempting to prevent the price from falling further. This indicates that although sellers were quite dominant in the correction, they had not completely lost control. In other words, the current phase can be described as a battle between buyers seeking to maintain the uptrend and sellers seeking to break it.

My open buy position on gold hit the take profit, resulting in a profit of $21.19. Looking at gold's movement on the M15 timeframe, it has now begun to move below the 200 moving average (MA200), indicating a potential reversal into a bearish trend.

Today I attempted to sell NZDUSD with my stop-loss placed at 0.5933 and take-profit at 0.5905. NZDUSD on the M15 timeframe. In terms of price structure, the area around 0.5930 appears to be a key resistance level that the price failed to break through after a retracement. Meanwhile, the area around 0.5905 appears to be short-term support, preventing further declines. If this support is successfully broken, the price will likely continue to weaken towards the next support area below 0.5880. Conversely, if the price is able to hold and rebound above the resistance above the moving average, the opportunity for continued strengthening towards 0.5945 and then 0.5960 will reopen.

My open sell position on NZDUSD hit my stop-loss, resulting in a loss of $1.30. On the M15 timeframe, NZDUSD appears to be attempting to break through the 200-day moving average (MA200) but fails, and there's a possibility it will rise again today.

My open buy position on USDCAD is currently trending upward. Looking at the USDCAD price structure, there's a possibility it will continue to rise, unless, for example, USDCAD falls and breaks through the support area at 1.3829, in which case, there's a possibility it will fall.