SamuraiFX's Trading jurnal

Greetings Profit, for all Forex Traders,

good morning, at this moment I will try to share the system and daily trading strategy, hopefully it can be consistent,

Linkback: https://www.forex.zone/trading-journal/31/samuraifxs-trading-jurnal/2506/

What trading strategy do you use?

hopefully can share knowledge and experience.

quite a simple strategy that I used, only using weekly candle analysis and for reference to my entry on TF H1 and H4

I use a candlestick hammer and fibonancy analyst as a reference for Take profit and Stop lose

I do not understand trading using candlesticks because there are many candles that we need to understand, like a hammer candle there are many forms of hammer candles, you need more understanding so we can learn to trade using the hammer candle analysis sir.

Today, we will focus on the analysis to confirm whether or not the decline continues DURING the price is still moving below or around the area between Resistance levels which in this analysis is the basis of clear interest. 

Stay objective! Use the Volume type indicator to help us see the strength of the transaction in each candle.

The following intraday support and resistance price levels:


Resistance2 (R2): 1.1037



Resistance1 (R1): 1.1023



Support1 (S1): 1.0995


Support2 (S2): 1.0981



Today's R1 level and S1 level will again measure how much interest the trader has towards this pair. Also be aware of rejection or consolidation at these levels.

GBPUSD has the potential to move down in the short term to test support levels at 1.2870 - 1.2820 amid the emergence of UK political uncertainty sentiment because there are some survey results that show the Conservative party's diminishing superiority over its rivals ahead of the UK elections. 

GBPUSD is likely to rise if the market can be a positive catalyst from the release of UK economic data such as mortgage agreements at 16:30 WIB to test the resistance level at 1.2950 - 1.3000

UK parliamentary elections will be held on Thursday 12 December 2019 from the news that I read with this the market will await the results of a quick count while potentially moving GBPUSD, Johnson's victory has the opportunity to strengthen GBPUSD.

while for technical analysis with an indication of the Bolingger band on TF D1 Shows the potential bulls towards the price of 1.33015 for its reinforcement point, if you trade in GBPUSD use wise money management.