Ikhtiar Trading Jurnal

Today I attempted to sell the USDX with my stop-loss placed at 99.15 and take-profit at 98.86. The USDX on the 15-month timeframe has shown a dominant downtrend over the past few sessions. The price movement appears to be consistently forming a series of lower highs and lower lows, a fundamental characteristic of a healthy bearish trend. The price decline was gradual but steady, and showed no strong buying pressure to halt the decline. Furthermore, the candlesticks formed in the final phase of the movement demonstrate seller dominance, marked by longer bearish bodies compared to the relatively small and quickly rejected bullish candles.

Today I attempted to buy GBPJPY with a stop-loss order placed at 206.24 and a take-profit order at 207.02. The GBPJPY chart on the M15 chart shows a significant change in price structure. Initially, the chart showed a sideways trend, tending to weaken, characterized by slow, flat movement and the absence of strong buyer pressure. However, over time, the market began to show signs of recovery. Candlestick patterns began to form a gradual upward pattern, with higher lows than before. This indicates that selling pressure is slowly easing, and buyers are beginning to take control. This structural change is an early signal that the market is ready to form a clearer uptrend.

Today I attempted to buy EURUSD with a stop-loss at 1.1650 and a take-profit at 1.1682. On the 15-month chart, EURUSD briefly formed a small double top pattern, or a sort of minor double top, near the upper resistance area. Afterward, the price experienced a slight decline towards the buy entry area, marked by the dashed green line. This decline was not impulsive, as evidenced by the small candlesticks with tails, indicating continued buying pressure from below. In other words, this retracement is reasonable as the price seeks equilibrium after the previous strong rally.

Today I attempted to sell the USDX with a stop-loss at 99.06 and a take-profit at 98.74. On the USDX M15 timeframe, we can observe continuation patterns such as small bearish flags or brief consolidations that successfully break down. Each time the price attempts an upward movement, the bullish candlesticks are always small, indicating that buyers are unable to push the price too far. Long bearish candlesticks appear at a regular rate, confirming strong and directional downward momentum.