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MeraLifeH-trading Journal

The USD index: Today, the USD index rose from the 113.0 level to 114.30 status. Yesterday, I mentioned the target of the USD index at the 114.40 level before dropping from this level. The price reached their previous levels. We can see a double-top pattern in the index. The price does not break above the double-top pattern. We will see a sharp decline in the index price. So, I hope the price will drop to break its previous support level. See the chart below:

MeraLifeH-trading Journal

Trading Activities: CLOSED TRADES: Yesterday I shared my trade in CAD. The CAD prices are rising continuously since last week. Yesterday I expected a bull movement in these pairs. As we know, the market is floating in a fundamental direction except for a technical move. So, I predict a sharp rise in CAD to the 1.3850 level mentioned in the last report. You can easily manage your account by buying trade. Today, my pound and euro trades are closed at one dollar loss. One closed with a profit, and the other closed with a loss. See the picture below:

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MeraLifeH-trading Journal

RUNNING TRADES: Today, I opened a buy trade in crude oil and gold. I know that the support level will give a profit. By spending more than thirteen minutes, I found a support level in gold at 1620 and crude oil at 76.50. I opened a buy trade with more than 80 pips below the opened price. As there is a critical situation with banning Mt4 and Mt5 apps, I think the prices can make spike fundamentally. So, I set the S/L. See the floating trade below:

MeraLifeH-trading Journal

CRUDE OIL: US crude oil futures reached the first bearish correction target described in the previous report with the 77.00 price level. Technically, looking at the 1-D timeframe of the chart, oil prices are back to test the fundamental support level of the current bull trend at 76.70. The RSI and the stochastic are clearly in oversold territory. They indicate a bullish trend from the 76.8 level. Therefore, the technical situation is clarified. A break above 76.50 extends and accelerates current trend strength, with our first target at 78.60 with a possible extension of 80.40. The recent analysis will cancel below 75.80. See the trade details below: Trade Details: Symbol: #CL Open Price: 76.83 Order: Buy Take Profit: 78.50 Stop Loss: 75.00 Lots size: 0.10 Time: 2022-09-27 Status: running at a profit of $16

MeraLifeH-trading Journal

GOLD: After successfully using the 1628 support level, the price of gold rose in a sideways trend, reaching a high at 1629 in the previous session. From a technical standpoint, we see that the simple moving average is a bullish price curve using the 30-M chart. The RSI and its stability are below the 50 midlines. It suggests the possibility of a resumption of the downtrend movement to the 1620 level. On the other hand, the current negativity of the stochastic increases the likelihood that we will see a bearish bias before the rally resumes. I expect that market to decline to this level after more than one year. So, I hope that market will leave more than a hundred pips profit by buying at 1623. Trade Details: Symbol: GOLD Open Price: 1623.15 Order: Buy Take Profit: 1635.0 Stop Loss: 1610.00 Lots size: 0.10 Time: 2022-09-27 Status: running at a profit of $70 {"data-align":"none","data-size":"full","data-tempid":"temp_4853828_1664240049676_490","title":"27 gold.png"}
*The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade
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