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  1. #18661 You can automatically minimize the read posts in your account in the 'Forum Settings'
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    Everyone!
    It is a cool and relaxing day for busy traders. But those who are emotional could feel bored as the major market has been closed for two days. Yesterday was a good day for me because I earned a lot of good trades. Now I will note down the gain and pain that I got from last weeks market.


    Trade History
    I have a lot of raw materials to share here. Yesterday, I took three more new entries to make a quick profit. Yeah, every new trade could close with a handsome profit. I will discuss it one by one.

    Closed Trade:



    U.S. Dollar Index.
    On the closing day, the US dollar developed some power over its rival that I expected. I had four buy orders on the price, which closed at the same time with some profit. Indicators CCI and the 50-days moving average are both now bullish on the price. From the view of the candlestick pattern, the US dollar is interested in continuing the bulls movement on the pair as we have three consecutive white candles.

    GBP/USD
    I had a massive gain in GBP/USD. I made deals with both sides and all positions on the price hunt a big amount. In my previous analysis, I shared my two buy orders. Before submitting my update, those trades reached their target price and closed.

    Yesterday evening, I felt some positive approach in the US dollar and got a good selling setup in the pair. When the price dropped, rebounding from its channel resistance line made by bearish engulfing and the 34 and 50-days moving average indicator withdrew their support from bulls, I took double sell entry. A more technical view is available in my attached chart-1.


    Trading Details:
    Order: Sell.
    Trading terms: short.
    Lot size: 1.0 and 3.00.
    Number of Trade: 02.
    First Entry point: 1.4156
    Take profit: 1.4123
    Stop Loss: Not set
    Status: $33 profit.

    2nd Entry point: 1.4113,
    Take profit: 1.4100
    Status: $39 profit.
    Trading Base: Technical.




    USD/CHF
    To pick up some green pips, I kept my eye on the pair for a long time. I set Fibonacci tools, moving average, and MACD indicators in the daily chart to detect a valid signal. The market gave respect to the 78.8 Fibonacci value at 0.8983 and formed three more bottoms. When the price returned bouncing from the support, I added a position from 0.8963, my lot size was 1.0, and my target level was 0.8993. More details at chart-2. Happy to say, my opening position earned a pretty profit by half an hour.



    Active Trade:
    Nine trades are still active, with an average loss of only 4.81. So for three more days, I have been on hold. I still believe my analysis was good, so all of my running trades will do good business for me.




    Silver
    For the Silver price, I was aggressive last week and added seven more businesses. Yesterday the price fell, touching the zero Fibonacci level, and my two trades now hover green pips, and the rest of the trades are still on floating loss. I have explained the reason behind my aggressive attitude toward Silver. Today I will add just one thing: the Fibonacci level has been getting respect from the market for a long time, so 95% I am confident my all open position on Silver will make me happy given good business.

    USD/JPY
    I indeed bought the pair based on the fundamental report plus technical report. Unfortunately, DXY looks too strong to the north side, so I hope these trades will hit their target level by the first session of the coming week.



    ---------- Post added 13-06-2021 at 02:48 PM ---------- Previous post was 12-06-2021 at 05:18 PM ----------

    Hello,
    Good evening, dear friend and reader. I hope you enjoy this weekend or travel to different areas with your friends or family members. Last Friday, we got a good trend and made some of the desired profits. However, your success in the previous few days can create overconfidence, which is detrimental to this business. Therefore, keep emphasizing business rules and procedures during your next trading time that protect you from over-trading and excessive stress. It is a way to increase the success rate of our operations.


    Live Trades:



    This morning I got the Bitcoin price in the corrective phase. The bulls recovered many trades in two days. Two days ago, this price broke the symmetric patterns lower boundary line, but a few hours later, the seller closed their position when the price entered its old range. Finally, the price stalled at zero Fibonacci and, taking two minor retracements, reached this pair at 100.00 Fibonacci value at 37782.81. I took two positions which I booked at 61.8 Fibonacci at 35233.43 level. The bullish momentum of the price got weaker, and bulls continued this power toward 100 Fibonacci at 37782.81. A few hours later, the price reached 100.00 Fibonacci level and found some tops and a downtrend line that served as strong resistance. In the meantime, the buyer promptly closed their trades, and the seller took control of the pair. As a result, the couple failed to continue their uptrend and reached 50 Fibonacci at 34445.93.


    This morning, I observed the case and thought Bitcoin had taken enough correction, and now the price will start its primary trend toward Fibonacci extension 161.8 Fibonacci at 41907.19. While we found several bottoms just above 50.00 Fibonacci in the hourly frame, Stochastic was also very optimistic about bullish momentum as prices broke the overbought boundary.


    I added moving average indicators to the four-hour chart in different time frames, all time frames signaling bullish momentum except for the daily and monthly frames. There is enough space to move up between the stochastic and overbought limit line in the lagging map. So I hope my running trade in Bitcoin will close with a handsome profit in a few hours.


    Trading strategy
    Order: purchase.
    Entry point: 35815.32.
    Take profit: 37810.73.
    Stop loss: 34475.67.





    What do you think about my open positions? I think this price will test 100 Fibonacci to do business above that level, and both of my businesses will close after making good trades. Last Friday, we saw wonderful power in US dollars. I expect next week will respect the pattern of the closing week and that all my silver orders will close upon reaching their target.

    Approved

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  3. #18662 You can automatically minimize the read posts in your account in the 'Forum Settings'
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    Good evening everyone. Returning here, I feel happy. The editorial team banned me 30 days ago, so my ban might expire today. That means another opportunity is coming to me to show good writing and analysis. I hope to get your help again to perform pleasantly. Today, I read many journals, and I came to know that all members received their week-26 bonus last night. Just follow trading rules to get the maximum benefit of your bonus.


    Oil Price Trading Possibility:

    I checked the day before yesterdays news report and found good data for US crude oil. But it could not help the price move up above the 74.00 level and dropped sharply toward zero Fibonacci levels. Before yesterday, Oil could not recover because this asset was trading below the trend line using the hourly and 4-hour frames.

    Using the Fibonacci sequence, it is a positive thing for Oil that it gained a foothold around zero Fibonacci sequences with a market value of 70.58. With the help of this support made by two low, Oil reached Fibonacci 50 value. After that, the level looked strong enough to break. But it also broke before the market closed, and, finally, the price reached the next Fibonacci value of 61.8. When the price was trading a few pips above 61.8 Fibonacci, the market was closed. Right now, the hourly chart shows a bullish pin bar below the level that allows me to think to open buying trade with the pair.

    However, if the price can stay long above the Fibonacci 61.8 sequence after the market open, that will give a strong buying sentiment regarding oil resources. Therefore, I will place a buy order for 100 Fibonacci at 76.97.mark.




    Trading Setup:

    Buy price: 74.60 to 75.

    Take Profit: 75.71, 76.94

    Stop Loss: 74
    Last edited by amiron56; 11-07-2021 at 07:31 AM. Reason: formatting

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  5. #18663 You can automatically minimize the read posts in your account in the 'Forum Settings'
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    Good evening everyone!
    Forum authority mailed me last 5 July. I was absent for about one month because of a ban issued by the editorial team, I said yesterday. I think everyone got this message from the MT5 forum. Furthermore, I am very inspired by this email. What do you think, mate?



    FORECAST FOR EUR/USD AND TRADING OPPORTUNITY.
    I will evaluate the EUR/USD instrument in order to get a low-risk trading opportunity. The US dollar index bottomed slightly, which allowed the EUR/USD and GBP/USD to top last Friday's closing moment. I will check the hourly chart, candle pattern, support, and resistance daily, and if I get the same signal, I will accept that to make a deal after the beginning of the new week. I hope everyone will honor my aim for today's journal update.

    The pair on the hourly frame made two bullish engulfing. The first one is below two moving average lines, and the second one is above the moving averages lines. You can also see the Relative strength index overcame selling pressure, making retrace the 50 values twice.





    From the perspective of the price pattern, this price made an inverted head and shoulder pattern successfully. The problem is that it now faces a local resistance that looks not minor, as the 1.1882 levels have a couple of lows marked by "B" and a couple of highs marked by "T".




    The price on the daily frame has a strong trend line. In the meantime, the price moved down sharply to break the trend line. We see effortlessly the prices are engaging in forming a bullish web. The hourly chart proves buyers are pretty ready for making another bullish web.






    Trade Setup.
    I will wait until this price remains below 1.1882, and when it holds its value above the level, I will put some positions. If hourly resistance rejects the price of 1.1882, I will wait to get the price above the level for the up business.

    Buying Price: 1. 1890
    Take Profit: 1.1921 and 1.1991
    Stop Loss: 1.1850
    Last edited by amiron56; 11-07-2021 at 04:12 PM. Reason: Spelling correction

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  7. #18664 You can automatically minimize the read posts in your account in the 'Forum Settings'
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    Hello everyone!
    You are most welcome to my journal. I hope you are with the market trend and doing well according to your expectations.


    Running Trades in EUR/USD.
    Yesterday I shared an analysis where I expected the euro to do better, but it declined after respecting the initial resistance at 1.1882. But after reaching the neckline of the inverted head shoulder again, the euro became interested in helping bulls when again the price made a bullish engulfing when I bought the price twice. I said yesterday that when the price holds its value above the resistance, I invest some money, but I bought it at a lower price.




    US dollar Index Analysis and My Trading Ideas:
    It is very important to check the mother pair US dollar index before analyzing or trading the financial market. Today I will spend my valuable time researching this pair and hope you will tell me if I am wrong. We have seen three bearish and four bullish candles in the hourly period formed after starting this week.


    In the H-4 period, we watch bears concerning 92.00 as the price stops declining before touching the level this morning. RSI is deserving of less power as it is moving slowly, just below the 50 values.

    From the perspective of the candlestick pattern, the last two candles have a little shadow on the opposite side, which means bulls and bears are in fifty/fifty positions on their ground.




    In the daily chart, this price formed bearish engulfing, but after making two bearish candles, it went under the control of bulls. It still tries to invalidate the engulfing while RSI is hovering over fifty values and EMA 12 is trying to protect it.




    My Trading Recommendation:
    If the price can make a complete daily up candle, its bearish signal will destroy, and its uptrend will get new life to drive the asset to a level of 93.29. I will make a buying deal if the current candle closes above 92.35.


    Possible Trade Setup

    Buy Entry: 92.35

    Take Profit: 93.29

    Stop Loss: 91.90
    Last edited by amiron56; 12-07-2021 at 07:41 PM.

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  9. #18665 You can automatically minimize the read posts in your account in the 'Forum Settings'
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    Everyone!
    You are most welcome to my journal.


    Closed Trade:

    You can see following my attached sheet that I had a couple of businesses on Silver. In the last session today, I was interested in buying it because it had some lower highs and a Doji candle on the downside. The indicator Ichimoku also gave me a buying signal, but it was blocked between a few pips during the last several hours. So I did not hold it to eat desired pips. In addition, I saw that the U.S. dollar index is improving his condition.


    Running Positions:


    USD/CAD was trading below all moving averages and pivot levels in any frames for a long time. However, last week it gained bullish momentum, created a high monthly price at 1.2581. As you see, for a long time, the 34 and 55-days moving average indicators were bearish for the asset. However, recently, bulls have earned their support, and today I see 55-MA crossed the 34-MA line. Currently, USD/CAD is standing at 1.2581, and its upward potential is too good.

    Stochastic showing overbought condition, though the price is uppish from the perspective of the candlestick pattern.

    In the hourly frame, we already see it has broken the level of 1.2581. Stochastic is above 80. So this is an ideal condition for buying the asset.




    Trading Idea On XAUUSD:

    XAU/USD looks side way in the short term, and it has been blocked between 1832.55 and 1820.34. That means right now, XAU/USD does not feel good against the U.S. dollar after making a bullish breakthrough yesterday. Four hours ago, it formed a bearish engulfing to move down to break the new support at 1819. Fortunately, the support helped the price, and it created a white candle in the H4 chart.

    XAU/USD on the four-hour chart is approaching the 200-MA line to re-break it. Around 1832, three protection works favor bears, the upper Bollinger band, 200-MA, and Fibonacci 38.2. ATR is moving slowly in the overbought region.



    Entry and Exit

    The condition is not clear to buy and sell. I will go for buying when it settles above the 1833 price. On the other hand, I will go for marketing when it is fixed below 1819.

    Approved

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  11. #18666 You can automatically minimize the read posts in your account in the 'Forum Settings'
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    Hello
    Good evening to all.


    New Trades:




    Gold finally falls from the two-day range. To be sure of the next gold journey, we can follow the trend of silver. The white metal demonstrated in a bearish region. Yesterday I said in an analysis that we have to wait for a long-term trade in gold. You can see from my attachment sheet that the red horizontal line at the bottom was a support for the yellow metal, but a few minutes ago, it broke. It is still under considerable selling pressure and looking to do long-term business in the bearish zone.

    In the hourly frame, the price drops towards the trend line. If the price can get help from the trend line, it will recover. On the other hand, if the price cannot reduce the selling pressure, the trend line cannot protect the price above it.



    Gold on the H4 chart, we have a couple of bearish confirmations near the 1832 resistance. The first is a bearish engulfing candle and a Doji candle near the support. Also, the price has formed a higher low in the resistance area. So gold will be landing for a long time.




    Old Trades:




    Last 24 hours, the Canadian dollar cannot fight well against the US dollar. Again the US dollar also keeps USD/CAD around the daily resistance of 1.2580 though few movements obviously were seen at daytime. The US fundamental news Core Retails sales M/M, and Retails sales M/M has been released, and both news reports are too good for the US dollar. Successful vaccination programs in the US increase home sales. I hope the US dollar will gain in the remaining time of this week, and my multiple buy positions will gain.
    Last edited by amiron56; 16-07-2021 at 03:43 PM.

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  12. #18667 You can automatically minimize the read posts in your account in the 'Forum Settings'
    It's time to retire!
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    Hello
    Good evening everyone!

    Active Trades:
    I had five floating orders on USD/CAD and three on Gold as both of my analyses worked well, so all my trades did good business but were not closed yet. USD/CAD exchanges were very near their target level. On the coming week's first day, these trades might close by touching its take-profit.




    With my USD/CAD trades, I added three Gold sell orders yesterday. They were demo trades, so I had enough capital to use the desired lot, the size of which was 0.05. Both orders were the same size. I explained the precious metal before adding trade on it. After a lot of vibrations, Gold touched the trend line I expected in my analysis. I did not close because Gold did not agree to come down below 1820. Now looking, it will run deep down.



    The potential gold trend for the next week:

    Fundamental Analysis
    Last week, there was a lot of high-impact news for the US dollar. This is a record that every event brought very positive information. In the attachment below, you can see on 13th July, and CPI M/M rose 0.9% from 0.6%; on the same day, Core CPI M/M rose 0.9% from 0.7%. On the last 14th July, PPI M/M rose 1% from 0.8%, and on the 16th July, Core Retail Sales M/M rose 1.3% from -0.9%, and Retail Sales M/M rose 0.6 from -1.7%. You know, when economic conditions improve automatically, inflation increases temporarily. So I am optimistic regarding the US economy.


    Technical Analysis


    Gold is not in a healthy position, as we observe above. Despite that, Gold made a couple of buying patterns on H-1 and H4 charts, and traders expected to see Gold above 1832. Because of the inflation of the US dollar, investors tried to make up trends, but sellers finally took control of the metal by adding a lot of positions. Through my last analysis on the Gold, I showed bullish domination in the gold business. Now I will add one more thing done in support level of the Gold, but late at night, the Doji invalidated because the market slipped back below the Doji candle on the H-4 chart. Today I will show another thing: the 200-days moving average, which collaborated with the down hand trend line as determining support at 1809. If Gold breaks both of the indicators, we will go for a long bearish trade.

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  14. #18668 You can automatically minimize the read posts in your account in the 'Forum Settings'
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    Good afternoon to all mt5 members and my journal viewers all over the world. A new week started a few hours ago. I hope you do not miss eating some pips made by the gold business and other pairs. I am in the demo and last week also in the demo, so I have no feeling about the profit. Last week, Gold analysis and yesterdays Bitcoin analysis worked 100/100. If you followed me, you would gain a lot of green pips. According to my analysis, I had many businesses, and my business gave sizable money. I could not be happy with that because it was not real money.

    Todays market scenario is mixed. At the beginning of this week, the other currencies of the world did better against the US dollar, and with the start of the London session, total control of the market went under the US dollar. So, mate, do not hurry to make deals with the market. The opening day is very critical to realize the market sentiment. After that, let the market mature to get a sustainable trend.


    Active Trades:
    I run the business of Gold. Both orders are trading at good value. I showed the target of the bearish trend of Gold in my previous analysis. After opening this week, Gold is weakening continuously, so I am interested in holding my two trades, and technical analysis allows it.



    Recent Closed Trades:
    As you know, my USD/CAD trades are a few pips away from take-profit. At the beginning of this week, these were promptly closed. I did wrong in setting a short target because the USD/CAD pair is on fire. If I hold them, 200% profit is possible to make.

    Gold
    I had three floating trades running when the market closed. One position was closed automatically, triggering its target price. It makes 66% profit, and the profit amount is 131.56 US dollars.



    EUR/USD Analysis and Trading Plans:
    This pair is on selling and busy renewing the law. In the 4H chart, the price reached zero Fibonacci levels while ATR got down below 80. The price now found a horizontal line that has three bottoms. We see the 50-days moving average trading at 1.1800, which rejected the price several times, which means zero Fibonacci would not be able to press the price upside. Thus, the Fibonacci extension allows us to sell the asset.

    Last edited by amiron56; 19-07-2021 at 07:52 PM.

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  16. #18669 You can automatically minimize the read posts in your account in the 'Forum Settings'
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    Good evening and you are welcome to my journal.



    Closed Positions:



    My closed trades of gold traded well and earned an exact amount of 629.66 US dollars for me. Sorry, mate, the money is virtual, not real money. The precious metal was good for sale positions since last Friday in the short term. In the h4 chart, the asset broke the 200-days MA and trend line. But after touching 1796, it returned to its losing bullish power and swung above those indicators.




    Today's Opened Trades:



    I have opened one more order in GBP/USD. I saw earlier in the morning that the US dollar was gaining bullish momentum, and this asset broke out the weekly support at 1.3740. After that, I drew two trend lines; the price broke the first one and moved toward the second one. Finally, around 1.3550, the price may have gotten support; touching its market can feel weak to resume its downtrend and run a correction phase, so I set my target as the price breaks the weekly support level, so that it will drop for a long time.


    In the hourly frame, the price tries to create a bearish channel. In the daily frame, the price comes down below the 200-days moving average. So there is a chance of breaking the channel. I'm currently moving down to my target price and hope it will touch soon.





    Guys, what do you think about my analysis on GBP/USD? The day frame gives us bearish solid candles. Currently, I see the price moving to my take-profit point, and like gold's trades, these trades will get success. If you have any suggestions, please comment.

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    Last edited by amiron56; 20-07-2021 at 04:30 PM.

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  18. #18670 You can automatically minimize the read posts in your account in the 'Forum Settings'
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    Dear fellows, good evening and Eid Mubarak to all.


    Update Closed Position:



    Floating all trades on GBP/USD, I booked today, which I opened yesterday. In my previous update, I told their seller to get heavier. Breakdown of the critical support of 1.3750 permitted me to start selling the GBP/USD pair. I am delighted today because my idea of the price was perfect. Sorry to say that before touching the target price, I closed all the trades manually. I analyzed the hourly frame on the asset in which I expected the price to move to the channel lower boundary line, and it touched. Each of my trades has gained 30% profit. The selling trend is still active on the asset. You can check the price to sell deals.



    Active Trades:



    Finally, Gold is intact inside the down channel. The Bulls and Bears tried to break the channel once, but failed. Today, it formed a long white candle-breaking 20 EMA but reached a near 63-days moving average and channel resistance line. It lost bullish strength and slipped back below 20 and 63 EMA, which led me to think Gold was getting weighted to the downside. And it tests my take-profit at 1796. In the second analysis graph, you can see its bearish reversal trend stopped by the trend line and the 200-day moving average using the hourly frame, which is a powerful confirmation of its downtrend. That is why I retook several sales positions.




    Mate, what do you think about my running trades? Due to technical support, I have some extra risks with these trades. I hope you will give me your valuable guidance to make the demo trade fruitfulbest of luck with the best of trading.

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