Ikhtiar Trading Jurnal

Today I attempted to sell USDCHF with a stop-loss order at 0.7965 and a take-profit order at 0.7938. On the M15 chart, USDCHF bounced off the same area several times, both at the top and bottom of the range. This indicates that market participants are considering these levels as important areas for making buy or sell decisions. Breakouts at certain points often fail to continue, but are instead followed by a reversal back into the range. This indicates a false breakout and a lack of momentum to establish a strong trend.

Today I attempted to sell NZDUSD with a stop-loss at 0.5781 and a take-profit at 0.5756. On the 15-month chart, NZDUSD appears to be moving within a relatively narrow descending channel. Each time it pulls upward, the price fails to break through the dynamic resistance area and eventually falls back down. This indicates that buyers don't yet have sufficient strength to significantly reverse the trend. As long as the price remains below the main resistance area and hasn't formed a valid higher high, the bearish trend is still worth maintaining as the primary scenario.

Today I attempted to sell EURCHF with my stop-loss placed at 0.9349 and take-profit at 0.9324. EURCHF on the M15 timeframe: When analyzed using a price action approach, price movements exhibit several important characteristics. Breakouts, both upward and downward, often do not continue far and instead return to the range. This indicates a market awaiting a catalyst or new strength. However, upon closer inspection, breakdowns below support tend to have slightly better follow-through than breakouts above resistance.

Today I attempted to buy USDX with a stop-loss at 98.19 and a take-profit at 98.56. Analyzing USDX on the M15 timeframe from a candlestick pattern perspective, several important phases are visible. When the price is near the low, a candlestick appears with a fairly long lower tail, indicating price rejection at the low level and an influx of buying interest. This pattern indicates that sellers are losing their incentive to push the price further down.

Today I attempted to sell GBPUSD with my stop-loss placed at 1.3408 and take-profit at 1.3353. GBPUSD on the M15 timeframe. From a candlestick pattern perspective, in the peak area before the sharp decline, there were many candlesticks with relatively small bodies and fairly long upper wicks. This pattern indicates price rejection at the high and a temporary balance between buyers and sellers. Afterward, a bearish candlestick appeared with a large body that penetrated the consolidation area, signaling a valid bearish breakout.

My open sell position on GBPUSD hit my stop-loss, resulting in a loss of $3.30. GBPUSD rose on the 15-month timeframe and successfully broke through the resistance level at 1.3406. Currently, GBPUSD appears to be moving above the 200-day moving average (MA200) and is likely to continue rising today, allowing us to look for buying opportunities.

Today I attempted to buy USDCAD with a stop-loss at 1.3769 and a take-profit at 1.3805. On the M15 chart, USDCAD price action showed a fairly clear reaction at key areas. The support break during the decline was followed by a strong bearish acceleration, confirming that the area previously held significant demand. However, the price's failure to continue its decline after reaching the low indicates that sellers are running out of steam.

My open buy position on USDCAD hit my stop-loss, resulting in a loss of $1.45. USDCAD is trending sideways on the 15-month timeframe today, with no clear direction. I'll wait for a pattern to form on USDCAD before entering a position.

Today I attempted to buy USDJPY with a stop-loss at 155.42 and a take-profit at 155.93. The early bearish phase of USDJPY on the 15-month chart is characterized by a predominance of bearish candlesticks with medium-sized bodies and relatively short upper wicks. This reflects stable selling pressure and minimal resistance from buyers. In the lower consolidation area, candlesticks with small bodies and relatively long lower wicks are starting to appear. This pattern indicates price rejection at the low end and is an early indication that sellers are losing momentum.

My open buy position on USDJPY hit the take profit level, resulting in a profit of $1.67. USDJPY appears to be rising on the M15 timeframe today. Although it appears to be falling, this decline is merely a correction, and there's still potential for further upside today.

Today I attempted to sell CADJPY with a stop-loss order placed at 112.70 and a take-profit order at 113.10. On the M15 chart, the price of CADJPY is seen moving below the downward-sloping moving average. This indicates that the market was previously under significant bearish pressure. The price structure gradually formed lower highs and lower lows, although the movements were not particularly sharp. This decline reflects consistent seller dominance, with every price increase tending to be exploited as a selling opportunity.

My open sell position on CADJPY hit the take profit level, resulting in a $1 profit. USDCHF on the M15 timeframe appears to have risen to 113.25, forming a new resistance area. CADJPY is currently seen falling but is holding back in the demand area.