Ikhtiar Trading Jurnal

Today I attempted to sell gold with a stop-loss order placed at 4065.15 and a take-profit order at 4020.18. Gold on the M15 timeframe shows sideways price movement with a weakening trend in recent phases. At the beginning of the chart, the price briefly rose, forming regular swing highs, but after reaching a certain peak, bullish momentum began to weaken. This was evident in a series of lower highs, indicating that buyers were losing their dominance. However, the market did not immediately shift into a clear downtrend, but instead entered a fairly lengthy consolidation phase. During this consolidation phase, the price fluctuates randomly, without a clear direction, but still shows a gradual weakening trend.

Today I attempted to buy USDCAD with a stop-loss order placed at 1.4071 and a take-profit order at 1.4125. The USDCAD chart on the 15-month timeframe is trending bullish in the short to medium term. This is evident from the price structure, which generally forms a series of higher lows and higher highs, especially after the significant price spike on the left side of the chart. This movement indicates that buyers have considerable control, and this momentum persists into the most recent area on the chart. Furthermore, the long red line visible below the price represents a consistently rising moving average. This further reinforces the indication that the current trend remains bullish with stable momentum.

Today I tried to sell USDJPY with a stop-loss at 157.07 and a take-profit at 156.40. The USDJPY on the M15 timeframe saw a real turning point when the price fell sharply and broke through the red moving average line. This kind of breakdown is crucial to note because the moving average, which had long acted as dynamic support, was no longer able to withstand selling pressure. When a large bearish candlestick broke through this line, the technical structure shifted from bullish to bearish. This indicates that market sentiment has shifted significantly downward.