FX.co ★ absh kaat | Forex analysis/ Trading Journal

Greetings. Today is the 27th of May. I hope everything is going well for you. Due to ongoing tensions between the Russian Federation and Ukraine, the oil market is moving upwards to test the 115 level. As of now, I anticipate that the oil market will rise to a level of 140 per barrel in the future, because previously it rose from 130 per barrel. Previously, the oil market was unable to reach the one $140 per barrel resistance level. So this time the market is slowly creeping toward the 140 level. Furthermore, the gold market is also exhibiting arranging behavior at the 1855 level, and I expect the monthly candle to end up in a bullish direction. Active Trades The next step is to discuss the history of running trades. From the 1.2710 level today, I will be taking a sell trade in the USD/JPY pair with a lot size of 1.30. I estimate that the market broke the 1.2740 level during the previous trading session and continued to hold below that level, thus moving in a downward trend. In this case, the take profit limit of the trade should be set at the level of 1.2610, since it is the next support level formed according to the technical analysis.

Second, I will discuss my gold trade entry. In the early morning hours of today, I will acquire a lot of 0.10 with the buy opportunity from the level of 1852. Currently, technical analysis suggests that a gold market trade below 1855 will display a selling trend. However, if we look at the daily chart and make the trend line, this is not the case. Based on the trend line analysis, it appears that it will go back to the 1920 level once again prior to the closing of the month. Therefore, I am taking the buy entry and thinking that this is a fake breakdown. Closed Trade I will describe my closed trade in this paragraph. Yesterday, I entered into a buy position in USD/JPY at the level of 127.20 and today, I closed the trade with a loss of 13 and that a very good thing in my life. In general, I have noticed that the pair broke the sport level of 127.40 and has held below it. Additionally, the price is holding below the moving average 200 and the moving average 50 exponential in the H4 time frame, confirming the persistence of the bearish trend. Ultimately, I believe money management is the most effective method of preserving our bonus account.