Ikhtiar Trading Jurnal

Today I attempted to buy gold with a stop-loss order placed at 3969.63 and a take-profit order at 4017.05. Gold on the M15 timeframe. From a price action perspective, there are several dominant bullish candles after the consolidation phase. This indicates that buying momentum remains strong and there are no significant signs of weakening. The price pattern also suggests the potential for a bullish continuation pattern, such as an ascending channel or flag pattern, where the price tends to move upward with a slight correction amidst a still positive main trend. If the price manages to break through the resistance area above it with a large bullish candle, the next upward movement could potentially occur quite quickly.

My open buy position on gold hit the take profit, resulting in a profit of $27.66. Gold on the 15-month timeframe, after reaching its highest peak at 4058.94, appears to be slowly beginning to correct. I believe gold will continue to decline today.

Today I attempted to buy USDCAD with a stop-loss at 1.3942 and a take-profit at 1.3967. On the M15 timeframe, the USDCAD price structure shows a series of consecutive higher highs and higher lows. Each time the price corrects, buyers always reappear to push the price higher. This demonstrates the continued strength of the trend, as there is no significant selling pressure capable of breaking through the dynamic support level of the moving average. This pattern is characteristic of a healthy uptrend, where the movement corrects moderately before resuming its bullish momentum. The current price position above the psychological 203.00 area also reinforces the belief that buyers still dominate the market.

My open buy position on USDCAD hit the take profit, resulting in a profit of $0.85. Looking at the USDCAD movement on the M15 timeframe, it appears to be trending sideways, so for today, it's best to wait for the USDCAD trend to develop.

Today I attempted to buy USDJPY with a stop-loss order placed at 151.53 and a take-profit order at 152.56. USDJPY on the M15 timeframe. If we look at the candlestick structure on the chart, the pattern formed shows a regular increase without any major fluctuations that would indicate instability. Each time the price experiences a small correction, the market quickly finds new support before continuing its next upward movement. This is a hallmark of a solid uptrend, where market participants capitalize on temporary dips to reopen long positions. Candlesticks with relatively long lower shadows also show that each time the price attempts to decline, buying pressure increases again, indicating strong buying interest at various price levels.

My open buy position on USDJPY hit the take profit level, resulting in a profit of $3.41. There are no signs of a reversal to a bullish trend on the M15 timeframe. Although USDJPY appears to be falling, it appears to be holding in the demand area.

Today I attempted to buy CADJPY with a stop-loss order placed at 108.51 and a take-profit order at 109.47. On the M15 timeframe, CADJPY exhibits bullish candles with long bodies and short lower shadows, further signaling strong buying pressure. This pattern typically appears during an impulsive market phase, driven by intense buying enthusiasm. Furthermore, the consistent formation of higher highs and higher lows reinforces the indication that the market structure is indeed in a healthy uptrend. As long as this structure remains intact, the price has a high chance of continuing to rise to higher levels.

My open buy position on CADJPY hit my take profit, resulting in a profit of $3.01. Looking at the current CADJPY structure, it remains bullish and shows no signs of a reversal. Therefore, it would be safer to look for buying opportunities today.

Today I attempted to sell Litecoin with a stop-loss order placed at 101.74 and a take-profit order at 85.68. Litecoin on the M15 timeframe: After a sharp decline, the price entered a fairly long consolidation phase. Movement during this phase was relatively flat, indicating the market was attempting to stabilize after high volatility. However, the general price trend remained bearish, as each attempt to rise was halted and unable to break through the red Moving Average line. This indicates that buyers' strength is not yet strong enough to take control of the market. The sideways phase after a sharp decline is often referred to as an accumulation or distribution phase, depending on the direction of the preceding trend. In this context, distribution is more likely, as the primary trend remains bearish.

Today I attempted to sell Ripple with a stop-loss order placed at 2.5365 and a take-profit order at 2.2501. Ripple's M15 timeframe shows a clear downtrend. The price movement indicates strong seller dominance, as evidenced by a series of long bearish candles that have significantly pushed the price down. The red line, representing the Moving Average indicator, shows a downward slope, indicating that the medium- to long-term trend remains bearish. The price's continued position below the Moving Average indicates that selling pressure remains dominant, and buyers' attempts to push the price up have been unsuccessful.

Today I attempted to sell Solana with a stop-loss order placed at 185.80 and a take-profit order at 171.03. Solana on the M15 timeframe: After a significant decline, the Solana price entered a period of consolidation in the lower area. This consolidation is characterized by narrow movement and small fluctuations between minor support and resistance levels. This phase usually indicates the market is seeking a new equilibrium after a previous sharp movement. However, despite attempts to form a consolidation pattern, the price was unable to break through the upper area and instead showed signs of weakening again. This indicates that selling pressure remains strong, and the next move will likely continue the downward trend.

Today I tried selling Uniswap with a stop-loss at 6,362 and a take-profit at 5,328. Uniswap on the M15 timeframe. From a price action perspective, the pattern that formed after the major decline is a weak consolidation formation. There are no strong bullish candles or clear reversal patterns such as a double bottom or inverse head and shoulders. This indicates that there is no significant buying interest capable of changing the market direction. The long tails on certain candles do indicate buying at lower levels, but because they are not accompanied by large volume and continued upward movement, they are more appropriately considered a momentary technical rebound, not a reversal signal.