tradingjournal101_

tradingjournal101_ Updated 

This is not a signal - it is a journal to see how trades play out

tradingjournal101_ Updated 

Rising wedge break and re-test. NOTE: chart is for journal entries ONLY and NOT a signal. Analysis has been simplified for leverage. If you would like to learn how to trade then contact me for 20% off of my forex educational course for a limited time only.

tradingjournal101_ Updated 

Details on the trade will be posted in the comments. NOTE: This is not a signal. It is only a journal to see how trades will play out.

tradingjournal101_ Updated 

Parallel channel running. Although I never say that a sell trade should be placed on an uptrend, we will give this a go and see the outcome. The original plan was to buy from 82.000 after selling it to that level but unfortunately, that opportunity was missed. There will be 3TPs to this trade: 0; -23; -61.8 NOTE: analysis that is displayed on published charts...

tradingjournal101_

Bulls - "the market has formed an inverted head and shoulders with a test of the neckline before making its way to the upside. Now it seems like the market is performing a break and re-test of the previous resistance. This has given the illusion to other traders that the market is going to push down to make new lows due to it respecting the trendline drawn....

tradingjournal101_ Updated 

Was initially waiting for it to break resistance and test as support but didn't place trade due to FOMC and had a bias on the dollar weakening (which worked in my favour). Now we can see that there was a fake-out (banks accumulating most of the positions now) and price will be looking to go down to at least the 107 area. NOTE: analysis has been simplified for...

tradingjournal101_ Updated 

Simple and clean setup for this trade. Price has finally broken through the support zone and now looking to go down. On higher timeframes there is a head and shoulders pattern which I have been keeping an eye on for almost a month now. Neckline is around 1.59000 but may find another opportunity to sell to that level (could bounce off trendline so TP level is at...

tradingjournal101_ Updated 

Uptrend has been broken. There has been a pullback after the impulse move downwards between the 78.6 and 88.6 Fibonacci. Although price had looked to have closed outside of the downtrend trendline (fakeout) the market had moved back into the trendline confirming its validity. 2 bearish candles on the 4H giving more confidence of a move to the downside. Hopefully...

tradingjournal101_ Updated 

TP1 has already hit for this trade (0.67900). This level is acting as resistance but market looks ready to break this level (maybe after more people place a sell with their SL above 0.67900). Eyeing the next S/R level on the daily as TP3. NOTE: the published chart is only to journal trades and ideas. This is not a signal or any investment advice. Most analysis...

tradingjournal101_ Updated 

AUDUSD has been in a continuous downtrend for God knows how long. We have sellers flooding the market since price failed to break the blue line, forming a double top. However, there is what looks like an inverted head and shoulders pattern with a POSSIBLE re-test of the neckline as support, to reach near the trendline as shown on the chart. NOTE: analysis is for...

tradingjournal101_ Updated 

Too many touches on that resistance line. A place where a lot of traders may have placed their SL. Looking for the banks to take their money NOTE: this is not a signal - it is merely a journal for me to keep track of different approaches

tradingjournal101_ Updated 

We have a bullish flag in an uptrend meeting a support zone. Waiting for price to break out. Target is the blue line. High impact Euro news tomorrow. That could be the catalyst for the move up. SL hunts expected. Note: Analysis has been simplified and this is only for personal use. It is not a signal