FX.co ★ ayan555 | ayan555's - Trading journal

Greetings: Good morning, respected forum fellows, traders, and readers from all over the world. How are you? The live market has closed, and the weekend has started. It is a precious time to enjoy the moment with your friends and family. Meanwhile, a weekend break is essential to get rid of mental stress. However, do not waste this precious time and analyze the market for your upcoming trading. I wish you the best of luck. Overview of yesterday's market: Yesterday was the last trading day of the week. All traders were expecting high volatility in the entire market. However, we did not see much volatility compared with the previous Fridays. We saw a dead slow movement in the entire market. EUR/USD traded between 1.0697 to 1.0765 and closed only 6 pips above its opening price of 1.0728. GBP/USD continued its bullish movement from 1.2585 and moved towards 1.2665. However, later we saw some decline in the pair, and the pair closed at 1.2726. The gold market traded between $1847 to $1861. Crude oil prices increased by over $2.50 per barrel. Natural gas prices continued a bearish movement from $8.891 to $8.287. Before closing the market, natural gas prices showed a bullish movement, and the market closed at $8.708. On Thursday, the AUD/USD pair formed a bullish pin bar on the daily frame, and yesterday, the pair continued its bullish trend and gained over 70 pips of strength. USD/CAD performed well and declined by over 60 pips. The EUR/JPY pair did not move well and traded between 135.82 to 136.69. The NZD/USD pair continued its upward movement and the exchange rate increased by over 80 pips. It was all about yesterday's market. I hope you performed well in your trading and made a handsome amount of profit. #USDX: I anticipated a bearish movement in the US dollar index, and the same happened in the market. Yesterday, the US dollar index opened at 101.73, and it continued bullish movement towards its daily high at 101.91. From 101.91, the US dollar index started its bearish movement and declined to 101.40. Speculation about the dollar index was to hit the support level of 101.04 before the closing of the market. However, the dollar index continued its bearish movement, yet it did not hit the support level of 101.04. Meanwhile, we can see bearish pressure in the dollar index, and upon the opening of the market, it will continue its movement towards the support level of 101.04. The attached indicators are showing bearish movement ahead in the dollar index.

Closed trades: When I opened sell trades in USD/CHF, I explained to you about a harmonic pattern, and we saw a double top in the daily frame. After three days of waiting, the USD/CHF sell trades hit the target of my sell trades at 0.9555. Both trades gave me an enormous profit of over $123. In forex trading, many times our trades demand lots of patience to bring the desired results. So trade with patience if you want desirable results.

Active trades: Yesterday, I opened one buy trade in crude oil from $113.93 with a target of $116 and set a stop loss at $112. I used a small lot size of 0.03. I explained to you why I opened a buy trade in crude oil. You can see the trade is floating with a profit of over $30, and when the market opens, it will hit the target of $116.

The crude oil market closed at $115.07 per barrel. On Thursday, crude oil prices increased by over $4 per barrel. Yesterday we saw low volatility in the crude oil market, and the price increased by over $2, and it continued its bullish tendency. After the bullish breakout of the symmetrical triangle, crude oil prices showed tremendous upward movement. Meanwhile, the crude oil market is trading below the upper trend line of the bullish trend continuation pattern. You can see a bullish crossover in the Stochastic Oscillator, and the RSI is moving upward steadily. So, when the market opens, it will hit the target of $116.