Ikhtiar Trading Jurnal

Today I attempted to buy USDCAD with a stop-loss order placed at 1.4020 and a take-profit order at 1.4057. USDCAD on the M15 timeframe. Trend-wise, USDCAD shows a consistent upward trend after experiencing a minor correction in the previous session. The price movement bouncing back from the Moving Average line signals that this area is functioning as a strong rebound point or buy zone. This suggests that whenever a temporary decline occurs, market participants tend to capitalize on the moment to re-enter long positions, reinforcing the short-term bullish bias. The price structure forming higher lows and higher highs also indicates a stable uptrend.

Today I attempted to buy USDJPY with a stop-loss at 152.08 and a take-profit at 152.67. USDJPY on the M15 timeframe. Looking at the price movement structure, the main trend previously seen was a fairly clear downtrend, with the price consistently forming lower highs and lower lows. After reaching the low, the price began attempting an upward correction, but so far the increase has remained contained around the Moving Average line. This indicates that this area is a strong dynamic resistance, where market participants tend to take advantage of the opportunity to sell when the price approaches it.

Today I attempted to sell CADJPY with my stop-loss placed at 108.81 and take-profit at 108.25. On the M15 timeframe, CADJPY's initial price movement showed a sharp decline from the upper level towards the 108.00s, followed by a small correction that failed to break the Moving Average line. Afterward, selling pressure intensified, sending the price down with considerable momentum, forming a long bearish candle, confirming the strength of the sellers. Although a rebound occurred after the sharp decline, subsequent price movement indicated that the bullish momentum was not strong enough to reverse the overall trend. The price then moved sideways around 108.50, indicating a consolidation phase after the significant decline.

Today I attempted to sell AUDUSD with my stop-loss placed at 0.6534 and take-profit at 0.6495. AUDUSD on the M15 timeframe. Analyzing price action, the area around 0.6540 appears to be a strong resistance level that has been tested several times but failed to break through. The red Moving Average line also reinforces this area as a potential rebound zone. Meanwhile, the nearest support is around 0.6500 to 0.6480. Currently, the price appears to be approaching this area, and if it breaks through with a strong bearish candle, there is a chance for further decline towards the next support area around 0.6460 to 0.6440. However, if the price bounces off this support area, there is still a possibility of an upward retracement towards dynamic resistance, although the chances are limited.

Today I attempted to sell EURUSD with a stop-loss at 1.1584 and a non-profit at 1.1552. EURUSD on the M15 timeframe. From a price action perspective, several candlesticks indicate downward pressure, with relatively long lower shadows occasionally appearing, indicating buyers are still trying to prevent the price from falling further. However, repeated candlesticks with small bodies indicate that market momentum is starting to wane, or in other words, the market is entering a period of waiting for confirmation of its next direction. A closer look reveals a tendency for the price to form a narrow sideways pattern below the moving average (MA), which is often a sign that the market is gathering steam before continuing its main direction.

My open sell position on EURUSD hit my stop-loss, resulting in a loss of $1.80. EURUSD is seen rising today and has successfully broken through the 200-day moving average (MA200). There's a possibility that EURUSD will continue to rise, at least towards the resistance area at 1.1629.

Today I attempted to buy USDX with a stop-loss order placed at 99.11 and a take-profit order at 99.42. On the M15 timeframe, USDX showed several rejections after reaching the resistance area around 99.35, preventing it from breaking higher. This indicates that this area represents strong resistance and warrants close attention. Meanwhile, a key support area is seen around 99.10, where the price has reacted and bounced off it several times. As long as the price remains between these two areas, it can be concluded that the market is in a sideways phase with a mild bullish tendency, as the price remains above the moving averages.

My open buy position on the USDX hit my stop-loss, resulting in a loss of $1.70. The USDX on the 15-day moving average (MTF) is now starting to move below the 200-day moving average (MA200), indicating a bearish trend. It's possible the USDX will test the support level at 98.80.

Today I attempted to buy GBPJPY with a stop-loss order placed at 202.67 and a take-profit order at 203.52. GBPJPY on the M15 timeframe. Observing the price movement pattern, it appears the market remains under overall bearish pressure, although the price is currently attempting to break through the red Moving Average line, which appears to act as dynamic resistance. The price's position below the moving average indicates that the dominant short-term trend remains down, while the sideways movement around the line indicates a consolidation phase or the formation of a new balance between buying and selling pressure.

My open buy position on GBPJPY hit my take profit, resulting profit of $2.64. GBPJPY fell sharply on the 15-month timeframe, reaching 201.31. Currently, GBPJPY appears to be attempting a correction, seeking a supply area.

Today I attempted to sell EURJPY with a stop-loss at 1.4020 and a take-profit at 1.4057. EURJPY on the M15 timeframe. Upon closer inspection, the downward trend appears quite consistent. Every time the price attempts to rise closer to the Moving Average line, selling pressure arises, causing it to weaken again. This pattern indicates that the area around the red line acts as strong dynamic resistance, where market participants tend to sell when the price approaches it. This indicates that seller dominance remains intact, and buyers have not been able to reverse the trend.

My open sell position on EURJPY touched the stop loss and I lost $1.77. If I look at the pattern formed by EURJPY on TF M15, it actually fell to the price of 175.33, but unfortunately EURJPY rose first and touched my stop loss.