My trading journal using technical analysis

[Rockfx]

I'd like to share my trading journal for the major currency pairs so I can monitor the market situation and develop my strategy. Live trading is challenging, and I'm still learning from my mistakes. I think I need to test my strategy on a demo account. I want to track ideas, improve my strategies, and avoid repeating my mistakes.

 

[Rockfx]

Looking at the market situation for the USDCHF pair, we see that the price is moving within a triangle formed on the H4 timeframe. After a rebound upward from its lower boundary, I'm considering buying positions to its upper boundary and the resistance level of 0.7882.

 

[Rockfx]

The USDJPY price broke the 157.29 resistance level during its upward movement and consolidated above it. I'm considering buying from this level, with the initial target being the 158.30 resistance level.

 

[Rockfx]

For the AUDUSD pair, the resistance level of 0.7269 proved quite strong, pushing the price down. The target for this downward pullback could be the support level of 0.7183.

 

[Rockfx]

On the USDCAD pair, the upward price movement approached the downward local trend line formed on H4. If it breaks upward, the resistance level of 1.3714 could be the upward target. If the price bounces downward from this line, the support level of 1.3550 could be the selling target.

 

[Rockfx]

The EURUSD price is moving within a descending channel formed on H1. Currently, the price is near its upper boundary. If the pair bounces downwards, the support level at 1.1716 could be a selling target. If it breaks upwards, the resistance level at 1.1806 could be a buying target.

 

[Rockfx]

A triangle has formed on the GBPUSD pair. After a rebound from its lower boundary, the upper boundary could be the buying target. If the price breaks above it, the resistance level at 1.3685 could be the target for further upward movement.

 

[Rockfx]

The USD/CHF pair failed to break through and consolidate below the 0.7776 support level. Following its false breakout and upward rebound, the first target for buying could be the 0.7841 resistance level.

 

[Rockfx]

For the USDCAD pair, the price broke above the downward trend line formed earlier on H4, reaching the resistance level of 1.3714. If the price breaks above this resistance and consolidates above it, the next buy target could be the resistance level of 1.3766.

 

[Rockfx]

The EURUSD price broke out of the previously formed ascending channel on H1, breaking below its lower boundary. Therefore, I believe bullish sentiment is currently prevailing for this pair, with the first downside target likely being the support level at 1.1676.