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FX.co ★ Abdul Waheed | Abdul Waheed Trading Journal

Abdul Waheed Trading Journal

Greetings and USDX Overview: Good morning, good luck and I hope all is well. Thank you for visiting the Choco Bar transaction log. So now the price will try to test support, but my target is resistance at 104.00. That means I'll be looking for buying opportunities later while managing my current short trades. Overall, $X moved fast in the market yesterday. In the short term, the price of USD X will stabilize and fall back, and the price of USD X will not fluctuate. USD X even peaked at 105.75. From there, it recovered last month to trade at 104.80 this month. It tested the previous support at 103.83 and formed a bullish triangle pattern on the H1 chart. The X-Dollar signals a weekend decline.

Abdul Waheed Trading Journal

Weekly Bonus Update: Yesterday, the Investment Association Forum Authority announced its weekly bonus. I got a $9.09 bonus in week 25, which doesn't bode well for me. After that, our patients hope for better outcomes next time. Please don't forget to share your bonus details. Many thanks to Invest-Social and Insta-Forex companies for providing an excellent platform to make money without investing.

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Abdul Waheed Trading Journal

Today's Economic Calendar: Before trading, I check the economic calendar for upcoming news. As you can see in the picture at 4.30am we had a high impact event in Australia. Right now, we're seeing a lot of turmoil in the market. We have four events with a moderate impact on EUR, GBP and USD currencies. So be careful exchanging information, because a critical decision can cost you. Manufacturing Sales q/q 1.2% PPI y/y 9.1% CPI y/y PPI y/y Employment Change Unemployment Rate Core CPI m/m ECB President Lagarde Speaks Prelim UoM Consumer Sentiment Prelim UoM Inflation Expectations German Buba President Nagel Speaks Federal Budget Balance

Abdul Waheed Trading Journal

Active Trade: Now I am making $0.25 from this metal trade. Due to market volatility, I started trading very early. The analysis and planning I did was right. I wouldn't have lost that much on this silver trade. I still have many active trades this morning and added to my long silver position trying to target a near-term bullish correction. I also used to take profit. Order Details: Symbol: Silver Order Type: buy Opening rate: 21.000 Take Profit: 21.200 Stop Loss: Not set Lot Sizes: 0.10 Status: Trade profit is $0.25.

Abdul Waheed Trading Journal

Close Trade: I traded silver yesterday and closed my position at 21.420 with 0.07 lots. If the market reaches 21.700 and my position is closed, I make a profit of $2.10 and my position is traded, worrying that my profit may be lost.

Abdul Waheed Trading Journal

GBP/USD Technical Analysis: GBP/USD is also seeing buying now, with a bearish candle in the middle, because of the double bullish signal pattern of the previous 4-hour candle and the previous 3.4-hour candle. With both the indicator's green value line and red signal line pointing upwards, the Stochastic Oscillator is now giving a buy signal. The MACD indicator is neutral, but because of the momentum of the candlestick pair on the 4-hour chart, I am now buying at 1.2516 take profit and 1.2169 stop loss.

Abdul Waheed Trading Journal

Gold Overview: Gold is showing us weaker bulls and stronger bears. Someone set the instrument below the buyer's zone - 1828.60. As the bearish situation develops, the lows I think are 1832.65, 1805.30. The price returns to the high - 1827.60 - and closes above it. There is no point in selling. This Price action shows that buyers can protect their levels. Now we have to get ready to go shopping.

Abdul Waheed Trading Journal

*The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade
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