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MartinGoodlooking' Trading Journal

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Hello everyone.. 
Permission for the honorable Admin,allow me to open my first trading journal. 

This time I want to discuss the EURUSD pair in this week, the EURXXX pair has declined dramatically, not to mention the EURUSD pair that I will discuss this. If seen from the Daily timeframe, the price is currently entering a rebound phase, the reason is the price is in the 161.8% Fibonacci area, meaning that in this area there will be a reflection correction at least up to the 100.0% Fibonacci area. We can put a buy at the current price with take profit at the price of 1.09906 

For a picture of the future we can see in the H4 timeframe where if after touching the 100.0% Fibonacci area and the correction price as shown below, then we can be sure the price is forming an elliot wave pattern and the possibility of changing direction is valid. This time we will focus first on the 100.0% Fibonacci target. 

Buy momentum at 1.08400 
Placement of a stop loss at the price of 1.08000 
Target placement at the price of 1.09906. 

Good luck Greetings profit ..

Linkback: https://www.forex.zone/trading-journal/31/martingoodlooking-trading-journal/3009/
#1 - February 14, 2020, 11:47:00 AM
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EURJPY at the Daily timeframe will touch the closest demand area in the 117.800 price area and coincidentally the demand area is right with the 161.8% Fibonacci level and there will be a reflection in that area, for that we will put a buy limit in that price area. At the moment the EURJPY is at 118,600 levels, if it is fast the possibility of opening a new candle this Wednesday will touch the demand area. For the target we can set the closest resistance at the price of 122,800 and if it is true if it touches the area of 122,800 it will form a harmonic pattern. 

buy signal area 117.800
The target area is 122,800 
Stop loss area of 117,000
#2 - February 18, 2020, 09:19:15 PM
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Trading Journal Update 
EURUSD pair 
Technical Analysis 

On this occasion I will discuss the multiframe EURUSD pair, this pair during January to February has experienced a drastic decline, yesterday's weekly candle closing was at the level of 1.08462 and we will look for a reversal signal for the EURUSD pair. 

DAILY
on the daily timeframe, there is a Harmonic pattern and closed with a daily bullish engulfing on last Friday, that's where we will look for a buy area. 

H4
At the H4 timeframe we find the closest resistance being broken, and there is a small obstacle in the form of a doji, that is the area we will use as a good buy area for next week at the price of 1.08051 

Signal recommendation 
Buy at the price of 1.08051 
Stop loss at the price of 1.07500 
The target is 1.10750
#3 - February 23, 2020, 01:16:40 PM
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I opened a buy position in EURUSD pairs according to the analysis in the journal, I opened a position with a lot of 0.02 (2 times). But the bottom position was not touched because of the spread. But I am happy that my analysis is in accordance with what I expected, hopefully reaching the target

Happy trading.
#4 - February 24, 2020, 04:05:24 PM
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