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Thread: Jayden,s Trading Journal

  1. #141 You can automatically minimize the read posts in your account in the 'Forum Settings'
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    Good morning, happy members of the forum, please give your friends an opinion about the opportunity analysis on the GBP USD currency pair market today. On trading yesterday, GBP. USD looked like it was losing direction, my friends, GBP USD seemed to be moving without motivation, even from the trading volume, it was a bit quieter, we can see how the GBP USD was moving yesterday, which was unsettling, in terms of opening prices and prices. the close looks almost the same which describes that this currency pair is in a condition of flat movement in yesterday's trading.

    Now for the day of my analysis, my friends are a little different, if I usually focus on one direction of price movement, today is precisely the last day of trading this week, I have two options to open positions later, namely the option to open positions " buy "and options for" sell "positions.


    GBP USD Technical analysis
    For the discussion of the first scenario in looking for profit opportunities in trading the GBP USD currency today I see with the first possibility that this currency pair will continue its decline as happened in the previous two days in this trading of the foreign exchange market. First, my friends can definitely see my picture which is shown below, it appears that GBP USD, which previously formed a channel, now the channel's support has been broken and in yesterday's trading this currency pair moved horizontally or sideways which indicates that it is making new price resistance below channel area. Now, if the price moves through yesterday's trading low then opening a "sell" position seems appropriate in this situation, with the target price at the 1.3611 level.
    Name: 1055070039.png Views: 299 Size: 62.7 KB

    For the second scenario, the option is inversely proportional to the option in the second scenario, if the first scenario is "sell", then in the second scenario the option is "buy". Currently this morning, precisely at the beginning of the Asian session on the last trading day of this week, the price of the GBP.
    USD currency pair seems to be stuck at the price level of 1.3724 where this price level, if we look to the left of the chart, there is a pile of prices around this price area which is price resistance for the current GBP USD. So if price volatility when entering the European session later this currency pair will show symptoms of an increase around this level, then the "buy" option is an option that is considered suitable for this second situation.
    Name: 1193373105.png Views: 71 Size: 63.3 KB

    the price movement has formed as the first swing hight as the left shoulder, the second swing hight as well as the highest one, as the head and the third swing hight which is parallel to the first swing as the right shoulder. Besides, as confirmation, the neckline level of the' pattern has been broken with a significant movement. So that the break that has occurred is considered valid and not part of market manipulation such as a false breakout.
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    The descending movement this time is likely to last quite a while. Because basically the major trend is pointing downwards. This means that the downward movement is currently in a condition of 'follow the trend' and it is not impossible if the price falls very closely following the direction of price movements on large time frames.
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    Automatically in the current conditions of USD CAD, the sell option makes the most sense to run. Either by immediately opening a position at the current price because the price has made a breakout of the neckline level of the 'Head and Shoulders' pattern. The invalidation area is above the swing highs of the' pattern with a target at the resistance become support (rbs) 1.2537 level.
    Jayden,sTrading Journal

    Rejected

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  3. #142 You can automatically minimize the read posts in your account in the 'Forum Settings'
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    Greeting and Good morning my friends, how are you on this holiday? Have you got a plan where are you going? Nearing the fasting month of Ramadan, usually many will leave the house just to take a walk or buy groceries to prepare for fasting. As long as it's still early in the morning let's disruput the milk coffee first

    EUR USD analysis

    EUR USD currency analysis techniques with support and resistance techniques are strengthened by candlesticks, with strong bullish candlestick support / CSK on the daily time frame, the bullish potential of the EUR USD currency today is still valid and can still be used as a profitable trade entry option. And with the support of a bullish candlestick with a firm direction on the M 30 time frame, right now the right start to buy, and tonight's trade prediction with technical support and resistance, buyers are open to testing resistance at 1.1963.

    Name: Screenshot_2021-04-10-06-41-32-45_a068875e8d70110f8d1ec48729c67374.png Views: 87 Size: 72.3 KB

    And the 1.1963 resistance zone I will make the main reference for trading tonight. And if the buying growth causes the bullish candlestick to break out at the price of 1.1963, the resistance at 1.2020 is the second resistance for the next buy trade. So the conclusion is from technical analysis of market support and resistance, for trading the EUR USD currency, it prefers to buy re-entry.
    Name: Screenshot_2021-04-10-06-45-17-00_a068875e8d70110f8d1ec48729c67374.png Views: 58 Size: 76.2 KB
    GBP USD Technical analysis
    Market development for the GBP USD currency, today is still uncertain, so if you do not execute, that's right. Because with conditions like today, if we can't condition it, it could be risky with the capital that we manage. And for now I personally still hold my buy position, because with the failure of the seller to break out at the 1.3680 support, it is estimated that the GBP USD currency is still potential for bullish. And resistance at the price of 1.3780 is the main target which buyers will test immediately.

    Name: Screenshot_2021-04-10-06-43-43-32_a068875e8d70110f8d1ec48729c67374.png Views: 56 Size: 72.4 KB

    And because tonight the focus is on the buy entry trade, it is hoped that the profits we get can be in accordance with the targets that have been planned. Amen. And for the convenience of trading, we still have to use a stop loss, to anticipate a wrong analysis, we have set the risk of loss as small as possible.
    Name: Screenshot_2021-04-10-06-44-36-97_a068875e8d70110f8d1ec48729c67374.png Views: 56 Size: 80.1 KB
    Jayden,sTrading Journal


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  5. #143 You can automatically minimize the read posts in your account in the 'Forum Settings'
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    Good morning friends all from to from north and south from east to west, all of them are especially for those who have stopped at my house who can only be treated with thanks because of limited time to meet, hopefully they will always be healthy and strong and successful always.

    USD Index
    USD Index is the central currency that traders will always ignore in analyzing any market, especially those that collaborate with the USD currency, therefore USD is central to referencing in an analysis as our addition besides using indicators that are our basic material in analyzing. , seeing the USD Index this week is in a weakening condition from the area of ​​93.06 to 92.00 in this case, including a very large increase in 1 week reaching 100 points, but this week there appears to be a shift in equation where it should experience resistance from buyers and sellers and it turns out that not forever the USD Index currency will always give an that is different in direction from the pair that makes it a contract with USD,

    Name: GUCD.png Views: 77 Size: 47.4 KB

    for example for USD. This week it has experienced a weakening, aka the trend is in line, but the GBP USD market has also decreased during the week to 240 pips, which means that in both currencies there are controls from the economic side where they are pressing each other but it turns out that for one or the currency there is something wrong. has its own source of strength so it is difficult to give in, in the end it is the same as moving bearish,

    Name: USDX H 111.jpg Views: 134 Size: 159.4 KB

    but not all and not always move in the opposite direction and everything must be additional analysis with each indicator which traders think can be used as a trading ignorance and not only use USD Index as a parameter, but be more careful in analyzing and we already have an ignorance. In order to strengthen trading with the concepts that have been used before, let's see the USD Index movement and future market direction in the current forecast as shown above.
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    GBPUSD analysis from a technical point of view:
    In this monthly time frame we see that the price will experience a downward correction, more precisely to the reentry area of ​​buy monthly, namely on the low monthly MA5 / 10. And if I draw the trend line, the direction goes down to the blue box. So that the price will be corrected downward to complete the reentry buy from this Monthly. Let's take a look at the Weekly and Daily time frames, are the supporting setups for this time Monthly:

    Name: Screenshot_2021-04-11-06-08-37-63_a068875e8d70110f8d1ec48729c67374.png Views: 40 Size: 77.6 KB

    At the time Weekly above, we can see that the sell market setup has lost volume, so as a sign that the price is not strong enough to go up again, therefore the price will go down. And the current price is also in the process of wanting to cut this mid BB Weekly. And if we look at the shape of the Bollinger band, it has begun to flatten, which indicates that the price will move sideways. And then let's see at Time Daily if there is also a support setup there:

    On the Weekly time frame above, we have sold momentum, so it is a sign or signal that the price will continue down. Even there it has also been validated by and sell. So that the conclusion of this time daily, the price will clearly go down with the first Take Profit target is the daily Low BB, then the second TP is .
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    EUR USD analysis
    The EUR / USD market has gained some positive tractionstrong for the second consecutive session on Tuesday and surging to the top for two weeks. The momentum of the bulls also marks the fourth day of positive movement which is supported by various factors. The shared currency got a strong boost from reports that the EU could reach its vaccination target much earlier than projected. Apart from this too, the release of the better-than-expected Eurozone Sentix Investor Confidence Index, which jumped to 13.1 for April, further supported the euro market.

    Short term techniquewhen we take a look, there has been a recent bounce from the trading point 1.1700, where it is a multi-month low line stopping near the 200 SMA.This is followed by the 38.2% Fibo level of the down leg 1.2243-1.1704 recently, around the 1.1900-10 trading point, which if seen will be able to set for additional gains. This EUR / USD market may accelerate the momentum further towards the supply zone at 1.1980-85, which coincides with the 50% Fibo. Some further buyers beyond the psychological threshold we can lock at the 1.2000 point which will negate the negative bias and pave the way for further short term moves.

    Moreover, every slide means it will go to 23.6% Fibo. which is located at this level, around the trading point of 1.1830-25 this can now be seen as an opportunity for buyers. That said, failure to maintain the mentioned support leading to a further decline below the 1.1800 point may turn the market vulnerable. The next relevant seen support on the downside can be pegged near the mid at the 1.1700 trading point before the pair finally slides back to challenging multi-month lows, around the 1.1700 point.
    Jayden,sTrading Journal


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  7. #144 You can automatically minimize the read posts in your account in the 'Forum Settings'
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    Good morning,all and gentlemen, everything is clear, wow it doesn't feel like Monday anymore, which is Monday, the market opening day for this week. All friends, of course, already have a myriad of analysis plans for the next week, right? Because trading planning and analysis planning are very important we have, because we can anticipate a market, and we can use plan B if plan A is not in line with what we are analyzing. And for this time, you will analyze the GBP USD market from a fundamental and technical perspective. And here is the analysis:

    GBP USD analysis in terms of fundamentals:
    On Monday, there is a plan for the United Kingdom to ease the lockdown in its country, but Prime Minister Boris Johnson warned his citizens to continue to take steps to suppress Covid even though it is already in the stage of easing this lockdown. The prime minister had planned to hold celebrations to mark an easing of the measures, but those had been postponed after the Duke of Edinburgh's death on Friday.

    Some of the easing in the UK starting Monday include:

    a. All shops can reopen
    b. Hairdressers, beauty salons and other close contact services can open
    c. Restaurants and pubs are allowed to serve food and alcohol to customers sitting outdoors
    d. Gym, spa, zoo, amusement park, library and community center can all be opened
    e. Members of the same household can vacation in the UK in self-contained accommodation
    f. a maximum of 15 people can attend the wedding and 30 can attend the funeral
    g. Children can attend any indoor kids activities

    GBP USD analysis from a technical point of view:
    Name: GBPUSDDaily.png Views: 132 Size: 53.1 KB

    On the Daily time frame above, I tried to draw the trendline downwards, and the result is that the price is still below the trendline, and there has been no attempt to break the trendline, so it indicates that the price is still wide open. And if we look at the shape of the Bollinger band, the shape is already sloping downwards, this also indicates the price is in a downtrend, so the opportunities we take are good to take opportunities to sell. For that, let's look at the H4 and H1 time frames, are the support setups for this time Daily:

    Name: GBPUSDH4.png Views: 24 Size: 59.6 KB

    At time H4 above, we can see that the ZZL zero zero loss setup has appeared, if the ZZL BBMA is a sign of the strength of the trend that is quite large, so that currently the trend is bearish, the price will still fall again, but even though it goes down there will still be a correction. rose in his childhood. And what we need to know is that if the price continues to fall, it will form a double bottom there, so we can buy the limit there too. And then let's see at time H1 if there is also a support setup there:
    Name: GBPUSDH1.png Views: 23 Size: 52.7 KB

    At the H1 time frame above, we seem to have an indication of forming an MHV, well, the market is losing volume so that the initial price marker will reverse direction, but it's not yet valid, we still have to wait for the perfect setup to form. So that we can buy if the MHV is perfectly formed, and can take a sell if the MHV fails to form.
    Jayden,sTrading Journal


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  9. #145 You can automatically minimize the read posts in your account in the 'Forum Settings'
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    Hello friends, good morning, have a nice activity again, hopefully today you will be given a smooth return and hopefully you are still in full enthusiasm in trading to get maximum results, of course. Hopefully today there will be many opportunities to be used as profits. Thank you also for my friends who have stopped by this journal, Analysis and views of all are very useful for additional reference to my trading and of course it can be an interesting discussion material for us together.

    Today is back to discussing and analyzing the GBP USD pair where in yesterday's trading session the price movement was rejecting again and moving backwards and I think it will test the daily middle bolinger timeframe. Where the price had dropped in the European session yesterday, and rejected again at the price of 1.3670. I estimate that GBP USD will move limited today at the price of 1.3794-1.3670.

    GBP USD ANALYSIS
    For the movement of GBP USD today, I'm still waiting for the price to break one of the upper and lower limits. If you take a buy option, you should wait for the price to break 1.3794. If you choose a sell option, you should wait for the price to break through 1.3670. I estimate that GBP USD still has the potential to continue its decline today with a target at 1.3561.I think the GBP USD movement today will be influenced a lot by the inflation news which will be released tonight. So it is better to be careful in the trading plan.
    Name: Screenshot_2021-04-13-06-21-14-70_a068875e8d70110f8d1ec48729c67374.png Views: 12 Size: 74.4 KB


    FUNDAMENTAL FACTORS
    Today, market players and investors focus on the CPI or inflation news which will be released tonight. Previously, The FED has often discussed this inflation problem on several occasions, the last few times in each of its statements.

    - Federal Reserve Chair Jerome Powell, said the US economy is at a turning point, with hopes of more growth and hiring in the coming months. He also cited the risk of a spike in COVID-19 cases if there was a hasty reopening. The Fed's new framework builds an inflationary leeway to run above the central bank's 2.0 percent target for a while without the Fed's intervention to control it.

    - From the economic calendar, the March inflation figures will show a substantial increase in the general figure of the Consumer Price Index (CPI) from 1.7% to 2.4%. Investors will also be watching the core CPI which is expected to increase modestly from 1.3% to 1.5%. Any sign that the economy is heating up could push up the US dollar, while a weak inflation rate will weigh on the US dollar.

    - In the United States vaccination moves at an impressive speed of over three million doses per day. At current rates, 70% of Americans will be vaccinated by mid-June.

    Please friends who want to have an opinion and convey their analysis and views on the GBP USD movement today, hopefully it can be an interesting discussion material for all of us. Hopefully today will be a happy day for all.
    Jayden,sTrading Journal


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