Ikhtiar Trading Jurnal

Today I attempted to sell USDJPY with a stop-loss order at 146.58 and a take-profit order at 146.11. On the M15 timeframe, USDJPY attempted to hold a consolidation area at the mid-range level, but failed to break above and continued its decline under significant pressure. The resulting candlestick pattern indicates consistent weakness, particularly with lower highs and lower lows, further emphasizing the downtrend.

Today I attempted to sell CADJPY with a stop-loss at 106.72 and a take-profit at 106.33. CADJPY on the M15 timeframe. Looking at the price movement pattern, the short-term bias remains bearish as long as the price fails to break above the red moving average line. Even if a sudden increase occurs, it is likely a temporary pullback, not a major trend change.

Today I attempted to buy AUDUSD with a stop-loss order placed at 0.6672 and a take-profit order at 0.6706. A closer look at the AUDUSD on the M15 timeframe reveals that the price moved sideways or consolidated after a significant increase. This consolidation can be interpreted as a balancing phase between buyers and sellers before the market determines its next direction. However, the broader trend is still upward, so the chances of continued upside are greater than a reversal. From a technical perspective, the safest strategy is to follow the current trend.

Today I attempted to buy EURGBP with a stop-loss at 0.8678 and a take-profit at 0.8710. EURGBP on the M15 timeframe. Analyzing the price action, the recent movement indicates a bullish continuation pattern. After a sharp rise, the price didn't immediately reverse downwards, but instead held near the upper area with a relatively small candlestick. This pattern often indicates the market is gathering steam before continuing its next upward movement. As long as there's no strong reversal pattern, the potential for the uptrend to continue is still very high. If the price breaks through the resistance level marked with the profit target, the potential for further upside is significant.

Today I attempted to buy EURUSD with a stop-loss order placed at 1.1847 and a take-profit order at 1.1893. EURUSD on the M15 timeframe. Looking at overall market conditions, the short- to medium-term trend remains bullish. As long as the price remains above the moving average and there is no sharp decline that breaks through key support areas, the opportunity for continued upside remains wide open. However, traders should also be wary of the potential for a deeper retracement or pullback before resuming the next uptrend.

My open buy position on EURUSD today hit my stop-loss, resulting in a loss of $2.40. EURUSD is seen falling on the 15-month timeframe and is currently testing the demand area. If this demand area is not broken, there's a possibility that EURUSD will rise again.

Today I attempted to sell the USDX with a stop-loss order placed at 96.86 and a take-profit order at 96.42. On the M15 timeframe, the USDX price was seen moving sideways around the resistance area. However, after failing to break above, the price began to decline slowly and then accelerated as selling pressure increased. Bearish momentum intensified when the price broke through several minor support areas without significant resistance from buyers. This downward movement further confirms that market sentiment is leaning negative towards the USDX index.

My open sell position on USDX today hit my stop-loss, resulting in a loss of $2.30. The USDX appears to be rising on the M15 timeframe, but I believe this increase is merely a correction, as the USDX is currently in a bearish trend and there's still a chance it could fall further.

Today I attempted to sell GBPJPY with a stop-loss at 200.07 and a take-profit at 199.60. GBPJPY on the M15 timeframe. Looking at the price structure, there was a significant increase previously, followed by the formation of a higher peak. However, after failing to maintain this bullish momentum, the price began to decline gradually. The latest peak, which was lower than the previous peak, provided initial confirmation that buyers were losing steam. The price drop that broke through the moving average line then reinforced the signal that the trend was reversing to bearish.

The open sell position I did on GBPJPY today touched the stop loss and I lost $1.78. If I look at the movement of GBPJPY today, it actually went down and now it's at a price of 199.49, but unfortunately GBPJPY went up first and touched my top loss.