My Trading Journal: GENERAL trading Journal - New Trading System In The Making
How are you and how is your trading.I hope you will be good in your health and wealth.I saw your analysis in GBPJPY and you are looking Bullish but i think it will come down till 141.70 because its over bought and it will take correction first a close above 143.20 will lead the pair towards 144 and 144.50.
Zahir1986 Trading Journal
usdx bullish retracement signal. in the major time frame on monthly time frame usdx is still seems really in bearish trend domination, so i think that this bearish trend will still continue to have their market domination, how ever in the daily time frame i start seeing some bullish retracement signal, there is a bullish candle stick that is start making it's moves from support area which i assume indicates a support rejecting the price and the price unable to break and it means the bearish trend is not yet able to continue their trend domination, that mean there will be some bullish retarcement and for me it is a great option to wait for usdx price on resistant area and once again try to sell usdx.
I think it will be better to monitor the dollar's index and wait for the last bottom level on the hourly chart to be broken because it is definitely bearish in the long term, but the possibility of a correction during this week is very likely, but this does not encourage buying because it involves some risk
I have already depended on the dollar for trading in this period because the analysis of the pairs may be somewhat deceptive
!!!Key to get success is to follow money management and using of stop loss!!![
Hello my dear friends and family and friends and colleagues how are you I hope you have a good day. I hope you all are fine and making good posts. yes I am agree with you that US indexes is going to be bearish and the prices of US indexes are going towards downsides and it's better for those who wish to make a trade of sell in the US indexes. So keep studying the US indexes if you are interested to trade in this.
Eur-usd trading plan for next week market, on the h4 time frame showing a weak bullish signal but i think this bullish power will not make a huge impact to the movement of eur-usd pair next week, more likely eur-usd will still in bearish trend domination, as i see on the daily time frame the last candle stick pattern is still showing strong bearish domination and also showing strong bearish power, in the h4 time frame clearly we can see that the price has been able to break support area on 1.10630 price level so i think this indicates that the bearish power have a big possibilities to continue their domination in the market.