Trading journal update on Thursday 3 June 2021
Welcome again, and I wish everyone a good trading day. I am happy today because, after several months of bad bonuses, I started seeing improvement in the bonus as the bonus was updated yesterday for the second time this week.
The first time, week 21, I got $4
The second time, week 22, I got $19
I also see in some updates for friends today that there is a great improvement in the bonus, and I hope this situation will continue forever. I wish the management team success and thank them for their efforts to improve the situation.
Let's go back to trading:
EUR/GBP sell trade
On the 1-hour chart of the pair, we find that the price gives a good selling opportunity, as yesterday the price succeeded in breaking the cloud to the bottom and the price continued to move sideways until the closing of yesterday’s candle and today the sideways trading continued, but in the previous two candles the price started to trend downwards as the price is currently trading below the weekly pivot level As well as the cloud, and therefore the price is expected to fall to the first weekly support level 0.8553.
As for the stop loss, it is at the level of 0.8628
GPB/AUD buy trade
Since the beginning of trading today, the price gave a bullish behavior, as the price succeeded in rising and breaking through the cloud, and the price is currently continuing to rise as it tries to breach the weekly pivot level, and therefore when the current candle closes above the weekly pivot level, the rise will continue to the weekly resistance level 1.8483
Stop loss below the cloud on the 1-hour chart