Ikhtiar Trading Jurnal

Today I attempted to sell USDCHF with a stop-loss order at 0.7935 and a take-profit order at 0.7908. USDCHF on the M15 timeframe. Looking at the market structure, the price has formed a fairly consistent downward pattern. Every time the price attempts to rise, selling pressure always returns, pushing the price lower. This is evident from the dominant bearish candlesticks after a major decline. Furthermore, the price is currently moving around the consolidation area with a sideways trend, indicating the market is awaiting new momentum. Although there hasn't been an immediate sharp decline, sideways movement after a downtrend usually signals a continuation of the previous trend, in this case, the potential for further decline.

Today I attempted to buy NZDUSD with a stop-loss at 0.5851 and a take-profit at 0.5882. NZDUSD on the M15 timeframe. The chart shows the price is in a consolidation phase after a fairly long downtrend. This can be seen from the price, which initially weakened, then slowly attempted a rebound, but remained held back by the red line, the moving average indicator. The moving average appears to be above the price, indicating that the overall trend is still downward, and selling pressure has not completely dissipated.

Today I attempted to buy EURUSD with a stop-loss at 1.1779 and a take-profit at 1.1831. The EURUSD price on the M15 timeframe shows a fairly steady increase after rebounding from the support area. This increase is marked by a series of consistent bullish candlesticks, although there are minor corrections at several points. This pattern shows that buyers are starting to take control and pushing the price towards higher resistance. The resistance area marked on the chart is an important target, because if the price breaks through it with strong volume,

My open buy position on EURUSD today hit my stop-loss, resulting in a loss of $2.50. EURUSD is currently at 1.1814 and is still moving above the 200-day moving average (MA200). I believe EURUSD will likely rise today, as it remains above the 200-day moving average (MA200). We can look for buying opportunities.

Today I attempted to sell the USDX with my stop-loss placed at 97.42 and take-profit at 97.12. On the M15 timeframe, the USDX moving average on the chart serves as a dynamic indicator that often determines the future price direction. When the price moves above this line, the trend tends to be bullish, while if the price moves below it, the trend is predominantly bearish. Currently, the price is already below the moving average, and the gap is even starting to widen. This indicates stronger selling pressure, and the opportunity for a continuation of the downward trend is still wide open. Therefore, current market sentiment tends to be bearish.

My open sell position on USDX today hit my stop-loss, resulting in a loss of $1.50. Currently, USDX appears to be testing the support area at 97.17. If this support area is broken, there's a possibility the USDX will fall further.

Today I attempted to buy USDCAD with a stop-loss at 1.3807 and a take-profit at 1.3843. On the M15 timeframe, USDCAD experienced a sharp downward correction, touching the lower area near the moving average. However, the price did not continue its decline but instead formed a consistent upward bounce. This indicates that buyers have re-entered and dominated the market after sellers were unable to maintain selling pressure. This bounce also served as an early signal that an uptrend is starting to re-establish itself. The candlestick patterns that emerged also showed a bullish trend, with the price attempting to break through the nearest resistance level several times, despite initial failures.

My open buy position on USDCAD finally hit take profit, netting me a profit of $1.23. USDCAD is currently in a sideways trend, indicating a balance between buyers and sellers, and it's best to wait.

Today I attempted to sell USDJPY with a stop-loss at 147.91 and a take-profit at 147.56. USDJPY on the M15 timeframe. From a price action perspective, the most recent candles show relatively consistent selling pressure. Although the candle bodies aren't particularly long, the price's tendency to remain below the moving average provides further confirmation that the market isn't ready to reverse to a bullish trend. As long as the price hasn't broken above the moving average with significant volume, the bearish bias remains dominant. This could be the basis for continuing a sell-on-rally strategy, opening a sell position when the price corrects upwards to the resistance area.

My open sell position on USDJPY today hit my take profit, earning me a profit of $1.08. For USDJPY today, I'm looking for selling opportunities because I see it's still moving below the 200-day moving average (MA200), which suggests there's a chance it could fall further.

Today I attempted to sell CAD/JPY with a stop-loss at 107.09 and a take-profit at 106.69. CAD/JPY on the M15 timeframe. Upon closer inspection, after a sharp decline, the price attempted an upward correction but failed to break through the moving average line. This line acts as a fairly strong dynamic resistance, so every time the price approaches this area, selling pressure reappears. This situation indicates that buyers are not strong enough to push prices higher, while sellers consistently maintain their dominance. The market structure also shows a pattern of lower highs and lower lows, reinforcing the bearish bias on this chart.

My open sell position on CADJPY today hit my take profit, earning me a profit of $1.15. I now see that CADJPY has successfully broken through the support area at 106.64 and created a new one. So, there's a possibility that CADJPY will continue to decline today, and we can look for selling opportunities.