My trading journal using technical analysis

[Rockfx]

An ascending channel has formed on the USDCAD H1 chart. The price is approaching its upper boundary, which could be a potential downward reversal point. The RSI indicator is also showing divergence, which could also confirm an imminent reversal. If there's a downward rebound, the first sell target could be the support level at 1.3869.

 

[Rockfx]

The USDCHF pair shows an ascending channel within a range on the H4 timeframe, bordered by resistance at 0.7923 and support at 0.7775. However, a downward rebound from the upper boundaries of the range and ascending channel occurred earlier. The downward movement may continue to the lower boundary of this ascending channel.

 

[Rockfx]

The USDJPY pair has formed an uptrend. A breakout and consolidation above 160.00 occurred. A pullback to this level is possible for a retest, followed by an upward rebound, where the next target for a continued bullish move could be the resistance level at 160.81.

 

[sunar14]

Nice breakdown. The 160 retest is the key bit for me - if it holds cleanly, bullish continuation makes sense. I’d just be careful chasing too close to 160.80 because yen pairs can whip hard around big round levels

 

[Rockfx]

On the EURUSD pair, the price broke the resistance level at 1.1593 during its upward movement and consolidated above it. The resistance level at 1.1664 could be the target for a continued upward movement.

 

[Rockfx]

On the USDCHF pair, the price continues to move downward, having broken below the local uptrend line on H1. The first sell target could be the support level at 0.7898.

 

[Rockfx]

The AUDUSD price rebounded downwards from the resistance level of 1.7078. The support level of 1.7027 could be the target for the downside move.

 

[Rockfx]

The GBPUSD pair's upward movement was capped by the resistance level of 1.3443, pushing the price downward. The first target for this pullback could be support at 1.3383. If it breaks down and consolidates below it, the second target could be support at 1.3351, where the local uptrend is also located on H1.

 

[Rockfx]

The USD/JPY price continues to move higher. It also broke through the upper edge of the triangle, further confirming bullish sentiment. The resistance level at 161.17 could be the target for further upward movement.

 

[Rockfx]

A downward channel has formed on the GBPUSD H4 chart. The price is approaching its lower boundary. If the price bounces upward, the target for an upward pullback could be the resistance level of 1.3315.