Asjad Trading Journal
Hello everyone and today I'm here with my 2nd entry in this forum.
On 4h time frame chart i draw an resistance trend line and i can see that usd chf getting rejected at the resistance trend line and keep started to fall and now in my opinion the current candle is strong bearish candle so it will keep gonna fall and test the near term Support so selling usd chf is good opportunity.
The price of USDCHF in the near term is obviously in a downtrend, as EURUSD in the near term is in an uptrend. This is due to the fact that the price of USDCHF in the foreign exchange market is inversely correlated with that of EURUSD. This will continue as long as USD Index continues to go down.
POSSIBILITIES ARE INFINITE IN THE FOREX MARKET!
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Good evening everyone.
Unbelievable movement by gold Again and it fell from 2049 high and now is trading around 1936 and it's a huge fall from the gold and in just few hours gold did this movement and i don't know what happened to buyers but one. Think i know they loss too high amount from gold.
My next Trade,
On 4h time frame chart the previous candle got Closed below the support line and now current candle is testing the support Again so if the current candle Also gets close below the support then gold will gonna fall further.
So gold is giving very good profits to people who are put in trade or sell