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Thread: Fx Rynon 87 Trading journal

  1. #21 You can automatically minimize the read posts in your account in the 'Forum Settings'
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    Hi dear today journal update number 19


    Usdindex
    the USD currency can initially close above the price of 92.40 but at the end of the week the USD reverses and closes in the price area of ​​92.90 and 93.00. Current USD movement looks flat near the price 93.00 and will await further reaction. If the USD moves down and closes below the 200 MA then the trend will return sideways within the range 92.00 and 93.00.




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    Gbpusd
    growth of strengthening buying demand for GBP / USd currency trading this week is very limited, with reject buyers at the price of 1.3850 there are indications, the GBP / USD currency will continue to weaken. With candlestick analysis techniques supported With support and resistance, on the h1 time frame close the market this week, the weakening of the GBP / USD currency seller is expected to retest support at 1.3820. Weakening growth will have full strength, if next week the GBP / USD currency is already trading below the price of 1.3800.

    By trading the GBP / USD currency below the price of 1.3880, the further weakening of the seller is increasingly open to retest support at 1.3860, and does not rule out the potential for the weakening to be deeper, if next week's trading on the USD economic news is good, it could trigger a weakening of the GBP / USD currency. the decline could reach support 1.3800,1.3700. And with the plan that we have made, it is hoped that we can avoid margin calls, so the benefits we get can be better, uncle.


    Spourt levels:1.3790.1.3800

    Resistance levels: 1.3825.1.3860

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    Eurusd plan trading

    The upward movement that occurred in the EUR-USD pair on Monday's trading session yesterday was quite significant. On the daily time frame it managed to form a bullish engulfing candle which has a body size of around 53 pips. Thus, it is estimated that the price will continue its upward movement on this Tuesday.

    Below I have compiled some support and resistance areas that I will use for my trading plan today.

    R4: 1.2036
    R3: 1.1954
    R2: 1.1872
    R1: 1.1842
    Pivot: 1.1790
    S1: 1.1760
    S2: 1.1708
    S3: 1.1626
    S4: 1.1544
    Price moment
    The price has successfully opened above the pivot line at the 1.1790 level. it looks like the EUR-USD pair will continue its upward movement again. Therefore, I will place a buy order using lot 0.05 with the target profit at R1 which is at the 1.1842 level. and for the second buy order using 0.03 lot, I will place take profit on R2 which is at the level of 1.1872.

    Then I will place a pending order in the form of a sell limit using 0.02 lot on R3 which is at the level of 1.1954. I will place the take profit on R2 at the level of 1.1872, while the stop loss will be placed on R4 at the level of 1.2036.

    In addition, I will place a pending order in the form of a buy limit using lot 0.10 on S2 which is at the 1.1708 level. I will place the take profit on S1 which is at the 1.1760 level and I will place the stop loss on S3 which is at the 1.1626 level.


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    Have a wonderful day

    Though trading on financial markets involves high risk, it can still generate extra income in case you apply the right approach. By choosing a reliable broker such as InstaForex you get access to the international financial markets and open your way towards financial independence. You can sign up here.

    Approved

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  3. #22 You can automatically minimize the read posts in your account in the 'Forum Settings'
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    Hi dear today journal update number 20

    Nzdusd
    After experiencing three consecutive days of upward movement, the candle was closed yesterday in the form of a doji. This shows a fairly balanced strength between buyers and sellers.

    I have created several support and resistance areas which I will use as a trading plan this Wednesday.

    R4: 0.7229
    R3: 0.7166
    R2: 0.7103
    R1: 0.7076

    Pivot: 0.7040

    S1: 0.7013
    S2: 0.6977
    S3: 0.6914
    S4: 0.6851

    Nzdusd price moment
    Today the price was opened above the pivot line at the level of 0.7040, so it is estimated that the price in the NZD / USD pair will continue its upward movement. For today's trading plan, I will place a buy order using 0.05 lots when the price experiences a rebound in the pivot area. I will place the profit target on R2 which is at the level of 0.7103. while I will place the stop loss on S1 at the 0.7013 level.

    Next I will place a pending order in the form of a buy stop on R3 which is at the level of 0.7166 using 0.03 lots. I will place take profit on R4 at the level of 0.7229 and stop loss will be placed on R2 at the level of 0.7103.

    Meanwhile, at the bottom of the pivot I will place a pending order in the form of a buy limit on S2 which is at the level of 0.6977 using 0.1 lot. I will place take profit on S1 at the 0.7013 level. I will place the stop loss on S3 which is at the level of 0.6914.

    In the last section, I will still place a sell stop on S4 which is at the level of 0.6851 using 0.05 lots. Take profit is at the level of 0.6801 while the stop loss is on S3 or at the level of 0.6914.

    The picture for the NZD-USD pair uses the h1 time frame

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    Audusd

    In the trading session last Friday, the AUD-USD pair was closed with a bearish candle. But with a body size that is only about 7 pips. The tail is long enough at the top of the candle body as if it indicates there will be reverse pressure from the seller on this pair.

    The following are the boundaries of support and resistance areas that I will use according to my trading plan against the AUD-USD pair for this Wednesday.

    R4: 0.7742
    R3: 0.7700
    R2: 0.7658
    R1: 0.7635
    Pivot: 0.7616
    S1: 0.7592
    S2: 0.7573
    S3: 0.7532
    S4: 0.7490

    Price moment
    At the market opening this morning, prices opened below the pivot line at the level of 0.7616. so it is estimated that the price of the AUD-USD pair will continue its downward movement today.

    I plan to place a sell order with a profit target at S1 which is at the level of 0.7592, and the second profit target is at S2 or at the level of 0.7573.

    If it turns out that the price can reach S3 at the level of 0.7532 or around 84 pips from the pivot area, then I will place a buy order, with take profit on S2 at the 0.7573 level and stop loss on S4 at the 0.7490 level.

    However, if the price moves up until it reaches R3 which is at the 0.7700 level, then I will look forward to the price reaction that will occur in that area. If the price experiences repulsion, then I will place a sell order, by placing take profit on R2 at the level of 0.7658, while the stop loss will be placed on R4 at the level of 0.7742.


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    EURUSD
    On this Wednesday I will try to make an analysis for the EUR-USD pair. During the last three days the pair has experienced consecutive descending movements. At the market opening this morning the price opened below the pivot line at the 1.1911 level. so it is estimated that the downward movement will continue today.

    Trading plan.


    I will place several pending orders in the form of a buy limit starting from S1 to S4.

    Buy limit on S1: 1.1872, the lot is 0.01.
    Buy limit on S2: 1.1841, 0.02 lot.
    Buy limit on S3: 1.1771, 0.03 lot.
    Buy limit on S4: 1.1702, lot 0.05.

    Profit target on Pivot: 1.1911.
    Stop loss for this buy order is at the level of 1.1652.


    Another option is to place pending sell limit orders ranging from R1 to R4.

    Sell ​​limit at R1: 1.1940, lot 0.01.
    Sell ​​limit on R2: 1.1980, lot 0.02.
    Sell ​​limit on R3: 1.2049, 0.03 lot.
    Sell ​​limit on R4: 1.2118, lot 0.05.


    Profit target on Pivot: 1.1911.
    Stop loss for this sell order is at the level of 1.2168.


    The lot size used uses the Martingale system with the addition of lots at each level of the order step.

    The multiplier used is 1.6.

    By using a stop loss, there will be a limit on the losses we can bear. So it is hoped that it will be able to avoid the risk of being hit by a margin call. because this trading system is high risk, it is necessary to use the correct lot size calculation which is adjusted to the amount of capital used, so that the required margin resilience will be able to withstand the floating that may occur.

    Name: euh1.PNG Views: 101 Size: 43.7 KB

    Have a wonderful day

    Though trading on financial markets involves high risk, it can still generate extra income in case you apply the right approach. By choosing a reliable broker such as InstaForex you get access to the international financial markets and open your way towards financial independence. You can sign up here.

    Approved

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  5. #23 You can automatically minimize the read posts in your account in the 'Forum Settings'
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    Hi dear today journal update number 21



    [Good evening and greetings of maximum handsome profit for loyal visitors of this journal. How are your fellow forum traders here, I hope all is well. On this occasion I would like to discuss the analysis of several major pairs at the Instaforex broker, especially for the Dollar Index because this is very influential on other currencies that are paired with USD. Okay, just get to the heart of the discussion.





    USD Index Chart Analysis and Predictions

    At the opening this time I started by looking at the USD Index chart first on the H4 timeframe. And here it can be seen that the movement still tends to experience a bearish trend which is indicated by the trendline that I created earlier. When viewed from technical analysis, the price is likely to decline because it is currently in the upper trendline area. But so far the price has not managed to touch the trendline and the stochastic indicator I use is still below the saturation point level 80. But if you look carefully, there is a Doji candle that can be identified from a tail that is longer than its body. Therefore for today the possibility that what will happen is the USD Index will weaken so it is better to sell the USDxxx pair and buy the xxxUSD.


    It continues to enter the H1 timeframe where currently the price is monitored to be above the 30 moving average line which I have used as a near-range trend marker. So the possibility that what will happen is the price will soon go to the support area become resistance which is at the price 92.53. This potential is also supported by other indicators such as the stochastic oscillator, where the movement wants to go down towards the saturation point level 20 area. The SBR area also actually coincides with the trendline I described in the previous timeframe but here I do not use it and tend to monitor the situation through support and resistance. So to ensure a safer position, is it true that the price is heading to the 92.53 area, then below I will switch to the M30 timeframe to find out.


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    EURUSD Chart Analysis and Prediction

    On the EURUSD chart movement, I also started on the H4 timeframe where for the movement now it can be seen that there is a pinbar candlestick pointing downward in the support become resistance area which happened some time ago. If there has been a long enough candle tail formation, usually the area is very strong so I mark it directly with the label on the 1.1888 area, meanwhile if you look at the 200 moving average indicator here the movement is still above the price so it indicates that on the main chart there is still a bearish bias. . So that the potential for the price to decline at least to the 1.1798 level is actually quite wide open because if you look at the stochastic oscillator indicator, the movement is still likely to decline so looking for opportunities to sell on the EURUSD pair is a wise choice for today.

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    Entering the H1 timeframe this time I saw a small sideways happening here. Funds for this current movement I will focus on the moving average indicator where for the current movement the price has managed to break the 30 Moving Average that I have paired. After he had a breakout when this post was written, the price was still in a sideways state. Meanwhile, if we look at other indicators such as the stochastic oscillator, it can be seen that price momentum has increased quite sharply but not accompanied by a significant increase on the main chart. In this condition, the price usually starts to weaken and experiences a trend reversal. So that means EURUSD will experience a reversal today heading to bearish. So for more details, here I will enter a lower timeframe, namely the M30.


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    GBPUSD Chart Analysis and Prediction


    In the movement of this pair, especially on the H4 timeframe, it is clear that the price previously formed a Head and Shoulder pattern and the price seems to have not touched its classic taking profit so there is a possibility that today the GBPUSD movement will decline. Meanwhile, if seen from indicators such as the stochastic oscillator, momentum actually looks like it will change to bullish, but this is still too early because the price on the main chart is actually breaking out of the trendline level especially with the strength of such a large candle. Therefore, for the prediction that I am doing here, I will look for points of opportunity to sell only because the price has not yet touched the classic target point of the HnS pattern.



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    Entering the M30 timeframe here, I don't use indicators too much and the only practical thing left is the Stochastic Oscillator, which I function for the open position confirmation signal. For now, it can be seen that the price has not shown any signs of decreasing on the main chart except that the stochastic is already at the saturation point but I don't want to rush to immediately place a sell order. So here I have placed a pending order in the support area to become resistance which occurred at the price of 1.3771. Because there, in my opinion, it has a strong enough momentum to lower the price to at least the 1.3731 level, where this area is also the profit taking that I have placed. For stop losses, it is at 20pips from the limit order, or to be precise, at the price of 1.3789.

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    Have a wonderful day

    Though trading on financial markets involves high risk, it can still generate extra income in case you apply the right approach. By choosing a reliable broker such as InstaForex you get access to the international financial markets and open your way towards financial independence. You can sign up here.

    Approved

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  7. #24 You can automatically minimize the read posts in your account in the 'Forum Settings'
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    Hi dear today journal update number 22


    Good afternoon and greetings of maximum handsome profit for loyal visitors of this journal. How are the forum traders doing here, is it okay. This Friday is the momentum that some fellow traders have been waiting for because it is the day of bonus distribution. And then at this time I will do analysis, especially on the Index Dollar and EURUSD which is found on the Instaforex broker. Immediately, here is the analysis that I did.





    USD Index Chart Analysis and Predictions

    As usual, I will experience it on the H4 timeframe and here it can be seen that the trend of USDX movement has clearly decreased. And if you look at it in detail, currently the price is in the trendline area that I created there. Then I turn to the stochastic oscillator indicator where the price is currently trying to reach the neutral 50 area and it is likely that this area will decline. Meanwhile, if seen from other indicators, such as the current moving average, it is below the price, which indicates that there is still bearish bias. Even though it is below the price, I still prefer that USDX will weaken today because it is on the trendline and MA200 is very suitable to be the next price target.





    Have a wonderful day

    Though trading on financial markets involves high risk, it can still generate extra income in case you apply the right approach. By choosing a reliable broker such as InstaForex you get access to the international financial markets and open your way towards financial independence. You can sign up here.


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    Hi dear today journal update number 22


    I am so sad😭😭

    I was making a big mistake, I was posting when I clicked on the files as per the quick post. Here are some suggestions on how to look or get an appointment for hair extensions.

    Good afternoon and greetings of maximum handsome profit for loyal visitors of this journal. How are the forum traders doing here, is it okay. This Friday is the momentum that some fellow traders have been waiting for because it is the day of bonus distribution. And then at this time I will do analysis, especially on the Index Dollar and EURUSD which is found on the Instaforex broker. Immediately, here is the analysis that I did.





    USD Index Chart Analysis and Predictions

    As usual, I will experience it on the H4 timeframe and here it can be seen that the trend of USDX movement has clearly decreased. And if you look at it in detail, currently the price is in the trendline area that I created there. Then I turn to the stochastic oscillator indicator where the price is currently trying to reach the neutral 50 area and it is likely that this area will decline. Meanwhile, if seen from other indicators, such as the current moving average, it is below the price, which indicates that there is still bearish bias. Even though it is below the price, I still prefer that USDX will weaken today because it is on the trendline and MA200 is very suitable to be the next price target.


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    H1 frame chart

    Entering the H1 timeframe, where the movement of the Dollar Index is currently observed to have experienced a breakout of the 30 moving average area that I installed here. If we look at the past history, or to be precise, on April 7, 2021, it can be seen that the price had a breakout but dropped back down again. Now, from this data, I assume this is just a fake breakout and most likely the price will turn downwards from the Moving Average 30.This is also supported by the stochastic oscillator indicator which is in its saturation point, allowing USDX to weaken to occur soon. Next I will monitor the M30 timeframe to determine the movement more precisely.

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    30M frame chart

    It can be seen that on the M30 timeframe, it is clear that the price is currently in the support become resistance area which has happened some time ago and here is also the second last candle making a pinbar pattern with a long enough tail that is pointing bearish. So that the assumptions of several large timeframes are strong enough to weaken the dollar. Besides that, the movement of the stochastic indicator is also at its extreme saturation point. Now, it is likely that the US Dollar will continue to be under pressure at least to the 91.97 level, but in my opinion this level will have the potential to be broken because the strength of the sellers dominates from large to small timeframes at USDX.



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    EURUSD Chart Analysis and Prediction

    In the movement of EURUSD when viewed from the H4 timeframe, it can be seen that the price is actually bouncing around the 200 moving average so that it indicates that MA200 has enough strength to be able to return the price, even so the bullish trend is still quite strong here because it managed to breakout the resistance level of support that occurred. at the level of 1872. But if you look at the stochastic oscillator indicator here, the price has experienced a decline some time ago from the saturation point of its 80 level and is now heading towards the neutral area. Most likely it is in this neutral area that the price will retrace again because the uptrend is still strong. Therefore, it is likely that I in this pair will only be looking for open long positions because in my opinion it is more profitable than selling.


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    H1 frame chart
    Entering the H1 timeframe here, it can be seen that the movement of EURUSD is touching the 30 Moving Average area. And when seen from the stochastic indicator, it is already at the oversold point and crossing so this indicates an increase will occur. Here I see an alignment between the two indicators that I use. So most likely the closest target to be aimed at the price is 1.1924, which coincides with the H1 resistance. Because the price movement is quite clear that it will increase, I go straight to the lower timeframe to open positions or determine a pattern that leads to bullish.



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    Thank you for reading this journal, then what do fellow traders think about this analysis. Please don't hesitate to share your analysis here, because your analysis might differ from mine. So that there will be knowledge sharing and I can learn from your very valuable and informative analysis.

    Have a wonderful day

    Though trading on financial markets involves high risk, it can still generate extra income in case you apply the right approach. By choosing a reliable broker such as InstaForex you get access to the international financial markets and open your way towards financial independence. You can sign up here.

    Approved

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    Hi dear today journal update number 23





    Good afternoon greetings handsome maximum profit for loyal visitors of this journal. How are the forum traders doing here, is it okay. This time I will review the movement of the forex crosses currency again to be used as a trading reference next week, these pairs are GBPAUD and AUDCAD. Hopefully this can be a reference for all forum friends when trading in crosess pairs at Instaforex. In addition, this analysis will also be useful for me personally to test the techniques I use directly.


    GBPAUD Chart Analysis and Prediction

    The movement of GBPAUD is currently being monitored on the weekly timeframe. It can be seen that the price is currently moving with a bullish movement. This can be indicated by the price experiencing a response to the trendline that I have drawn on the chart. It can also be seen that the price has now succeeded in breaking the MA200 line which indicates that there will be a bullish bias trend. Meanwhile, if I look at the Stochastic Oscillator indicator, the bullish momentum will continue because the price is above its neutral area. The biggest possibility is that the price will break out and head to the weekly resistance at 1.8485. So right now my best choice for me is to think about just buying the GBPAUD pair this time.

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    Daily frame chart
    Turning to the Daily timeframe, at the moment, it is observed that the price is experiencing sideways in the trendline area. If seen from the stochastic indicator, it is likely that the price will decline because the indicator has previously dived down. So that there will be a potential price of this GBPAUD to decline at least to the lower trendline level. Because the current price also seems to be having trouble breaking upwards due to the previous second candle showing the pinbar with a long tail. Meanwhile, when compared to the analysis in Weekly, it is confirmed that the Daily will experience a decline first. In conditions like this, of course, I will take advantage of it by doing a short term and the charge will be in the lower trendline or around 150pips.

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    H4 frame chart
    Continuing on the H4 timeframe for now, it can be seen that the previous price managed to breakout the resistance area at 1.8133. In theory, the price should increase. But here the movement has retraced by returning to the breakout area and forming a Pinbar pattern with a very long tail. Meanwhile, if seen from the stochastic indicator, the trend is still in a state of bullish momentum, so here maybe I can take advantage of opening long positions with a target at 1.8252, but the last line of the stochastic indicates a sharp dip. So that the analysis on TF H4 is in accordance with weekly but contrary to the Daily. So I need further confirmation on a small timeframe analysis which I will do below.

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    H1 frame chart
    Now entering the H1 timeframe now the price movement is clear where the last movement turned out to be a sharp decline on the candlestick because it touched the clamped candle area or the cool term in English is Unfilled Order. On this timeframe it is also seen that the stochastic indicator has dived down which is indicated by a cross between the red and blue lines. Most likely the indicator will go to the neutral area then go straight to the oversold area. So from that next week my opportunity to do a short term will be able to take advantage of this situation at least until the price enters the 1.8063 area, of course, here the sell transaction is an analysis in the opposite direction to the main plan so I will likely use smaller lots to minimize risk .

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    AUDCAD Chart Analysis and Predictions


    In other pair movements such as AUDCAD, it is now observed that the price previously experienced a divergence which caused a decline that occurred on the Weekly timeframe. Now on the main chart I have placed a trendline based on the body candle theory and it can be seen that the current price is in the trendline area. The possibility that what will happen is that the price will go back up to the support level become resistance that has happened at the price of 0.9728. In addition, the indicator that I use, namely the Stochastic oscillator, has indicated that there are signs of a crossing. So the best choice when trading on AUDCAD is Buy Only. Of course, I will look for these opportunities on a low timeframe, because if you search weekly, the risk will be quite large and not commensurate with the reward.


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    Daily frame chart

    Entering the daily timeframe, you can see that the movement of AUDCAD previously experienced a rejection in the support area at the price of 0.9490. In this condition, the price immediately formed a bullish pinbar pattern. In my opinion, this pattern is quite strong because it is supported by the stochastic oscillator indicator which has increased upwards. Most likely the first target for this pair is at the price of 0.9599 because it coincides with the 200 period Moving Average indicator. Meanwhile, the distant target will be at the price of 0.9720 which is the area of ​​support to become resistance for now. So that the buy option has a big chance at this timeframe.






    H4 frame chart
    In the H4 timeframe, I see that the price will continue to move sideways in the trendline area and currently the price is in the middle between the trendline. The potential that might arise is that the price will decline to the support area at 0.9495 because the Stochastic oscillator indicator that I am using is in a very strong bearish momentum even though on the main chart it is bullish that dominates. Of course, I have to remember that the initial plan here is to buy, so waiting for the price in the support area is the most ideal thing to look for long positions in the AUDCAD pair.






    H1 frame chart
    Meanwhile, if we enter a smaller timeframe like H1, now the price is moving within the formed pattern and it is possible that the last candle here will return to the trendline area. Here I predict that the price will decline due to several factors, one of which is the bearish candle that occurred earlier on April 2, 2021, where the tail is long enough and is supported by a large body as well. So that for the price to penetrate the tail area, it will be very difficult even though on the other hand the stochastic indicator is indicating bullish momentum. So the conclusion is that I will do a short term option while waiting for the price to the 0.9490 support area to then buy there in accordance with the direction of the large timeframe analysis.






    Thank you for reading this journal, then what do fellow traders think about this analysis. Please don't hesitate to share your analysis here, so that I too can learn from your very valuable and informative analysis. Hopefully the analysis that I have shared can be useful for fellow forum traders



    Have a wonderful day

    Though trading on financial markets involves high risk, it can still generate extra income in case you apply the right approach. By choosing a reliable broker such as InstaForex you get access to the international financial markets and open your way towards financial independence. You can sign up here.

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    Hi dear today journal update number 24




    Good morning and greetings of maximum handsome profit to loyal visitors of this journal. On this day it turns out that I have entered the weekend and this is a sign that it is time for me to take a vacation so that I can refresh my brain again. So before the holidays, I will discuss a little review about the market movements that were happening yesterday. Where the USD Index, I had predicted that there would be a weakening and it was proven that yesterday it had decreased although it was not too significant because the fundamental news that happened had quite a bit of influence on USDX. So, here are the results of the transaction that I did yesterday where I only experienced one stop loss on GBPUSD and in the end did a Re-Entry again according to the direction of the initial analysis.



    Bitcoin Chart Analysis and Prediction

    The movement of the Crypto Currency Bitcoin is showing a Broadening Wedge pattern, where this pattern is formed by forming an angle that extends to the right. Usually this pattern will be marked by a very strong increase on a chart. Like bitcoin, there will be a possibility that the price will experience a breakout from the upper trendline because it has been reset several times by the price. Therefore, the best option here is to buy when the price breaks the upper Trendline, which of course must be confirmed first using the Price Action method. My plan also wants to buy, but because the current price is still in the Broadening Wedge zone, of course I can't just buy right here.


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    Ethereum Chart Analysis and Prediction
    Apart from bitcoin, this weekend I want to talk about Etherium, where the price is currently experiencing a false breakout from the triangle pattern it has done. This indicates that the buyer does not want to be outdone by the sellers. And when this post was made the price was already in the Support become resistance area which was broken some time ago and the price of Ethereum was also stuck here. The potential for the price to decline is quite large because at this time the price is right at the resistance line and also the trendline and plus the price has also touched the Moving Average of 200. So that indicates a strong enough seller power will occur here.


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    Silver Chart Analysis and Predictions

    The price of Silver is now observed to be still in a Sideways state with a wide range because after a while ago it experienced a breakout and resulted in a very sharp price decline. Currently, the price is already in the support zone where previously there was a candlestick in the form of a pinbar pattern that had a long tail there. Now, I will mark this area as a very important area and possibly it will be difficult for the next price to penetrate. However, even so, a decline from silver will be possible because the downward momentum on the stochastic indicator is also quite strong. So the best option is still to buy Silver because the chart has enough free space to go to the price of 26,163.

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    GBPJPY Chart Analysis and Prediction
    Currently I am trying to switch to crosses pair first, where I currently choose GBPJPY. The price of this pair yesterday saw a significant increase due to positive news for the pound sterling. Now what you need to remember is that the price here has returned to the SBR area and has succeeded in a breakout. However, if we take a deeper look at the stochastic indicator below, it is actually in its saturation period and shows signs that the stochastic will decline quite sharply. Even in this condition, I think there will be a potential for the price to retrace first. So that we can use the Fibonacci retracement measurements to find out how far the price has moved.

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    USDMXN Chart Analysis and Predictions
    Still in this type of crosses, I want to try to analyze the movement of USDMXN, where previously this pair was my favorite for this type of pair crosses. So that's why this time I want to discuss and analyze because the movements are quite different from when I started trading in this pair. Let's continue, it appears that the current price is at MA200 and there is very strong resistance from the seller's direction. This shows the sellers want to push the price even deeper, at least towards the nearest support at 20,272. Besides that, when viewed from Stochastic, the downward momentum is still quite strong because currently I am using Timeframe H4. So the best decision in this pair is to sell next week because seller pressure will still be strong enough coupled with the weakening of the dollar that happened yesterday.



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    Thank you for reading this journal, then what do fellow traders think about this analysis. Please don't hesitate to share your analysis here, so that I too can learn from your very valuable and informative analysis. Today there is less discussion because I want to take a short vacation because the past 5 days have been fighting with the market.



    Have a wonderful day

    Though trading on financial markets involves high risk, it can still generate extra income in case you apply the right approach. By choosing a reliable broker such as InstaForex you get access to the international financial markets and open your way towards financial independence. You can sign up here.

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    Hi dear today journal update number 25




    Good afternoon and greetings of maximum handsome profit for loyal visitors of this journal. How are your fellow forum traders here, I hope all is well. As usual this afternoon I will do an analysis and try to use a new variation in the form of limit orders to execute on the market, it is because I cannot be online for 24 hours straight. Immediately, here is an analysis that I will do on several forex pairs.



    EURUSD Chart Analysis and Prediction

    At the beginning of this analysis I tried to analyze the movement of EURUSD where it was clear that the price was forming a Head and Shoulder pattern, where for the right arm at the moment it seems to have been successfully formed and the price will go to the neckline area. It is in the neckline area that I am waiting for because if it really manages to breakout, the decline will be quite sharp. Furthermore, the Moving Average 200 indicator shows that the price is responding to this area and seems to be bouncing down, of course this is a positive signal because it correlates with the HnS pattern that is formed. However, if seen from the stochastic indicator, the price is still in the neutral area, which indicates that there is still a sideways area here.



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    H1 frame chart
    Entering the H1 timeframe, I purposely used additional tools in the form of a Fibonacci retracement here to determine the closest target. And here it can be seen that the price experienced rejection when entering the 61.8 Fibonacci ratio which coincided with the 200 period moving average indicator. In addition, if seen from other indicators in the form of stochastic, the decline from EURUSD will occur immediately because currently the stochastic is in a downward momentum. Therefore, the most realistic opportunity is to sell at least to the 1.1863 level, which is a support area that this pair is likely to reach. Next I will enter a lower timeframe to place a pending order in the form of a sell limit.




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    M30 frame chart

    On the M30 timeframe here, it can be seen that I have made the view of the EURUSD chart easier to see, namely by placing support and resistance areas. For now I have placed a pending order in the form of a sell limit at the price of 1.1902, where this area coincides with the closest resistance of the EURUSD pair. Another reason for placing resistance is because the indicator I am using in the form of a stochastic oscillator is now heading towards bullish momentum. So my estimate is that if the stochastic is at its overbought saturation point, then there is a possibility that the EURUSD price on the main chart will be at the 1.1902 resistance. As for the stop loss I placed around 20pips and taking profit was in the range of 40pips.



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    GBPUSD Chart Analysis and Prediction

    In the movement of the GBPUSD chart for now, it can be seen on the H4 timeframe that the previous price broke the support area at 1.3715 and now the area has changed its function to resistance. And previously it was also observed that the price of this pair experienced a rejection with a very long candlestick just after touching the 1.3674 price area. On the other hand, if seen from the stochastic oscillator indicator, the current price movement is in the neutral area and tends to shift to bearish momentum. So the conclusion here is that I will search for open short positions because the bearish momentum that occurs in H4 is quite strong after it rejects the 200 Moving Average area.



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    H1 frame chart
    Furthermore, entering the H1 timeframe here, you can see that the price is very respectful of the 30 period Moving Average line that I have attached to the chart. It is also seen that the price will go to the support area at 1.3674. Here, if seen from the stochastic oscillator inditor, the price actually wants to be at the saturation point level of 20, so there is a possibility that GBPUSD will increase at least to the resistance level at 1.3730 which coincides with the MA30 indicator. So the best option is to wait for the price to go to the resistance area because there, of course, I will be able to place pending orders which I will do on a smaller timeframe.


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    M30 frame chart
    Continuing to enter the M30 timeframe here I have installed a pending order in the form of a sell limit to be precise at the price range of 1.3733. The reason I placed orders there was looking at the candlestick some time ago where the area was identified as having many tails that were rising up. So that it indicates the pressure that occurs in the resistance zone. Besides that, another reason is that the stochastic indicator has started to leave its saturation point and looks like it is going upwards. For placing stop losses and taking profit the same as usual, using 1: 2 risk and reward. Even if the order is not executed this time, I will not mind it because I can look for opportunities the next day.









    USDJPY Chart Analysis and Prediction.

    Lastly, I have analyzed the movement of the USDJPY currency pair. Seen on the H4 timeframe, I identify a divergence pattern that occurs, where the pattern indicates a reversal of direction. So from that initial identification I then continued to use the Fibonacci retracement to find out where the price stops. My target for the retrace is around 109.36 or it coincides with the 61.8 Fibonacci level. For the closest target, I have assumed it will be at resistance 109.83. So here it is clear that I will search for a buy on the USDJPY pair. Especially the limit order installation due to the limited time I have for trading.





    H1 frame chart
    Immediately entering the H1 timeframe here, I tried to lock the price from the swing that occurred and it was seen that the price was forming a conical triangle pattern even though this was still in a premature phase. But if you look at the price that touches the 30 moving average area, it is possible that the price will increase and break the trendline that I created. Because this data is also supported by the stochastic oscillator indicator where it is approaching the saturation point area. Besides that, the lower trendline that I have drawn also shows a candle movement in the form of a pinbar with a very small body. So that on a smaller timeframe then I will do a search to open a buy limit option on the USDJPY pair.







    30M frame chart
    Furthermore, we can see the appearance of the M30 which is even clearer where the current price movement is still in the confinement zone of the trendline area. Here I have placed a pending order in the form of a buy limit which I placed in the price range 109.46. The reason I installed it there is because soon the stochastic indicator will be at the saturation point of 80. So it is possible that if it is there there will be a decline. In addition, the use of the buy limit is in accordance with the initial analysis, especially on the H4 timeframe where I have established myself to just buy rather than sell. And the last one is the Unfilled Order area or what we usually know as the Clamp Candle. So, from some of these reasons, I installed it in that area,








    Thank you for reading this journal, then what do fellow traders think about this analysis. Please don't hesitate to share your analysis here, because your analysis might differ from mine. So that there will be knowledge sharing and I can learn from your very valuable and informative analysis.


    Have a wonderful day

    Though trading on financial markets involves high risk, it can still generate extra income in case you apply the right approach. By choosing a reliable broker such as InstaForex you get access to the international financial markets and open your way towards financial independence. You can sign up here.

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    Hi dear today journal update number 26



    Good afternoon and greetings of maximum handsome profit for loyal visitors of this journal. How are your fellow forum traders here, I hope all is well. At noon today I will discuss only 2 pairs, namely EURUSD and GBPUSD, this is because in the fasting month I usually reduce the intensity of trading and focus more on the fast that I am living. Immediately, here is the analysis that I have summarized.


    EURUSD Chart Analysis and Prediction

    As usual, I will start with the EURUSD pair on the H4 timeframe. It can be seen here that for price movements I have given a border line in the form of a trendline to find out what patterns are happening. And it seems to be forming a Symmetrical Triangle pattern. On the other hand, when viewed using the 200 moving average indicator, the price has previously touched that area and is now experiencing rejection. So that there will be a possibility for EURUSD to go to the downward trendline, because the current decline is also supported by the stochastic oscillator indicator which shows a change of momentum to bearish. Therefore, it can be ascertained that here I will just look for buying opportunities, especially what I will do on a smaller timeframe later.

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    H1 frame chart

    Good afternoon and greetings of maximum handsome profit for loyal visitors of this journal. How are your fellow forum traders here, I hope all is well. At noon today I will discuss only 2 pairs, namely EURUSD and GBPUSD, this is because in the fasting month I usually reduce the intensity of trading and focus more on the fast that I am living. Immediately, here is the analysis that I have summarized.


    EURUSD Chart Analysis and Prediction

    As usual, I will start with the EURUSD pair on the H4 timeframe. It can be seen here that for price movements I have given a border line in the form of a trendline to find out what patterns are happening. And it seems to be forming a Symmetrical Triangle pattern. On the other hand, when viewed using the 200 moving average indicator, the price has previously touched that area and is now experiencing rejection. So that there will be a possibility for EURUSD to go to the downward trendline, because the current decline is also supported by the stochastic oscillator indicator which shows a change of momentum to bearish. Therefore, it can be ascertained that here I will just look for buying opportunities, especially what I will do on a smaller timeframe later.



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    30M frame chart




    Meanwhile, for the lower timeframe, M30, here, it can be seen that I have installed a tool in the form of a Fibonacci retracement which I function to open positions. It seems that the price is going to the 161.8 area ratio and for me that area is quite psychological on the price. So that's why I opened a position there. Besides that, another reason is the stochastic oscillator indicator, which is on the M30 timeframe, is currently in the saturation or oversold zone. So it really strengthens the psychological level of Fibonacci with the stochastic indicator. Meanwhile, for the stop loss, I put it at the support level at the price of 1.1874 or around 20pips from the entry point. Meanwhile, for taking profit, it is at 40pips from the starting point of entry.



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    GBPUSD Chart Analysis and Prediction

    For starters, I have opened the GBPUSD chart on the H4 timeframe. And it can be seen that the previous price moved towards the resistance at 1.3775 and then experienced resistance. If seen from the stochastic oscillator indicator, the movement of the GBPUSD pair still tends to experience bullish momentum even though recently there was a dip that occurred when the price approached its 80 level, this was also inseparable from the engulfing candle that occurred when the price touched support at 1.3672. On the other hand, the movement of the 200 moving average is still above the price, which indicates that bearish bias will occur. Therefore, at this timeframe, I have concluded to just open long positions and will search for opportunities at lower timeframes later.



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    H1 frame chart
    Then I continued on the H1 timeframe, where it can be seen that the price movement has started to form a triangle pattern or more precisely the Descending Triangle. This pattern is quite easy to identify because of the flat support and the slope angle of the trendline, besides this pattern usually also indicates that a decline will occur in this pair if it manages to break down. However, if seen from the other side, it can be seen on the main chart that the current price also coincides with the 30 period moving average area, which for MA30 I function as a trend marker in a short distance. So that on the next timeframe I would prefer to search for buy options than sell.

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    30M frame chart


    Furthermore, on the M30 timeframe I have opened a buy position because the current price is in the resistance become support area which has happened some time ago. Besides that, this area is also a support for the Descending Triangle pattern on the previous timeframe. On the other hand, the indicator of the stochastic oscillator has also entered the saturation area. So for various reasons, I dare to make transactions using only 1: 1 risk reward, where for stop losses are 20pips and take profit at 20pips too. I use this risk reward because it is to avoid a fake breakout that is likely to occur on M30.








    Thank you for reading this journal, then what do fellow traders think about this analysis. Please don't hesitate to share your analysis here, because your analysis might differ from mine. So that there will be knowledge sharing and I can learn from your very valuable and informative analysis.




    Have a wonderful day

    Though trading on financial markets involves high risk, it can still generate extra income in case you apply the right approach. By choosing a reliable broker such as InstaForex you get access to the international financial markets and open your way towards financial independence. You can sign up here.

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