Hello, how are you all? I hope you are all well. Some of my trades have been stuck for many days but so far I have held it and hopefully today all trades will test my target. Today I have sold the EUR USD I must share of EUR USD in my trading journal. Today I will share along with the analysis of Silver, Oil, EUR CHF.
EUR USD ASSESSMENT
So first let's share the analysis of the EUR USD. I sold the EUR USD a while ago. You can see on my chart that I have created a resistance zone which is located from 1.2020 to 1.1929 and tomorrow's candle closes below this resistance zone. This means the price of the EUR USD has failed to break out this resistance zone, so you guys can sell the EUR USD and keep your target at the next support level which is located at 1.1704. I am very hopeful from my analysis that this trade will test my take profit level.
EUR CHF ASSESSMENT
The second analysis is also EUR CHF as you can see I have mentioned the support level in my chart which is located at 1.0961, and this trade is for a short time. If you are satisfied with it, you can take a sell trade for a short time and set your profit at the support level which I have mentioned on the chart. On the other hand, that to analyse the purpose of sharing is that if the price of EUR CHF closes below the support level that I mentioned on my chart. You can sell it, but you have to confirm the breakout if the daily candle closes above this support level and make a new candle above it, you can buy it and keep your target at 1.1087.
The price of silver is moving in a bearish trend and the trend is shrinking day by day, so you can sell it for a short time and keep your target at 23.624. But if you have to trade for a long time, you have to wait for it to break out. Silver's price is trading very close to resistance at this time and according to my analysis, Silver will move downwards. But when the price of silver breaks this triangle pattern, just you need to wait for confirmation, and then you can make a trade for a long time which side broke. Overall Silver looks too bearish, and I hope will move down. Yesterday I have also Shere analysis of and also sided that this trade for a short time and I also got my target from the silver trade.
CRUDE OIL ASSESSMENT
I shared the analysis of Crude oil a few days ago, but the price of Crude oil did not move according to my analysis, so today I will share the analysis of Crude oil again in a new way. If you look at my chart, I have created a resistance zone which is located at 62.54 to 57.18, and the price of Crude oil is trading in exactly that zone. So you have to wait for it to break out, if the price of Crude oil rises above this zone, and it breaks upwards, it will move upwards for a long time. Similarly, if the price of Crude oil breaks downwards, then it will remain in a bearish trend for a long time. So good luck to all of you have a great day.