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Trading Journal Assalamualaikum. Good morning and welcome to my journal, friends of traders. We have found a blessed Friday, may it be a blessing for all of us. How about the weekend are you ready to request WD? Or is it still in the recovery loss stage? What is clear is that everyone is happy because this morning the capital from the 2-week accumulation forum has landed on the trading account. Previously I will review trading last Thursday. I open a short position in the pair following the bearish trend. The sell entry point is at 0.6930. put take profit at Wednesday's low at 0.6885 and stop-loss above the resistant-. The price immediately dropped to pick up TP, resulting in a 42 pip profit. It has the potential to neurite a bigger profit because the price fell to 0.6871. Today's analysis update after observing several pairs, I decided to trade on GOLD. Price movements are quite interesting to observe because in my opinion, among the pairs I have observed, this time gold is the most readable by technical analysis. Furthermore, I will describe the analysis in detail below. It can be seen from the timeframe that Wednesday's daily candle has a long tail above and below, which is long, indicating that the seller and buyer have relatively balanced power. Then last Thursday formed a bearish candle so that it was confirmed that the seller had succeeded in dominating the market. The downward movement reached 1822.05 which was Thursday's low. Today the seller has the opportunity to dominate the market again, bringing the price down to form a bearish candle. Next, referring to the moving average indicator, the gold trend is under bearish pressure. MA period 24 serves as the closest resistance whose position is at 1847.80. If the price is corrected up, my analysis will maximally reach the resistance level and then the price will reverse down to continue the bearish trend. The downside movement will pursue the support at 1807.90. Chances of a decline are confirmed with the stochastic indicator which is pointing downwards. So it is very likely that today gold will be dominated by the sea, r. Next, we move on to smaller to analyze entry points in an ability. {"data-align":"none","data-size":"large","data-tempid":"temp_459766_1656036982480_397"}
*The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade
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