to all my friends and welcome my trading journal friends how are you I hope you are well. On Monday (August 30) European market, the overall market was quiet. The euro/dollar remained below 1.1790; The pound/dollar fell to a low of 1.3733. The dollar/yen was below 110, and the dollar index was hovering low after two weeks. Spot gold fell slightly, returning around 1810. This week, the market focused on the August non-farm payrolls report in the United States.
Financial data and events to focus on Tuesday;
Look at today's news, there is no high impact news. Today there are only two news that are medium impact news of USD, which can affect the market. The market will technically move all day. So, keep your trading key plan in mind, and trade with your daily basics.
Active trades in EUR USD or GBP USD:
Yesterday I open trade on the EUR/USD and it is still Running. This is not a good moment yesterday so, I have not made a significant profit yesterday. Today the market is visible in the achievement, due to which I am making some good profit.
Order Type: Buy
Stop Lose :17250
Active trade in GBP USD:
Yesterday I did not see a good movement of EUR/USD and then I placed an order of GBP/USD on which it is still running In profit. I hope that both trades will give me a good profit today.
Order Type: Buy
Stop Lose :1.3700
why I opened trade In EUR USD:
The EUR/USD has encountered moderate resistance above 1.1800. The euro is expected to rise up against the dollar after Powell's moderate speech at Jackson Hole on Friday, hovering slightly above 1.1800 for the first time since early August next reversal of EUR/USD is 1.1825, followed by 1.1824 and finally 1.1908. On the downside, if it falls below 1.17350, the target is 1.16450.
Why I opened trade In GBP USD:
GBP/USD continues to move towards 1.3750 to 1.3781 from last Friday. Holidays led to light trading in the market and a slight rise in the US dollar, weakening the GBP/USD. Concerns about visas have risen again since Bridget.
If the Daily Candle Stick Chart closes above the 100-SMA resistance level, it may find more buying desire to open the 1.3850 mark, and further up, towards the August 17 high of 1.3852 we Can see.
What do you think about my trading plan and technical analysis?Please share your feelings with me I will be very happy to know.