My trading journal using technical analysis

[Rockfx]

For the EURUSD pair, the price approached the lower boundary of the downward channel formed on the H4 chart during its bearish move. If the price bounces upward, the target for an upward pullback could be the resistance level of 1.1511.

 

[Rockfx]

A descending channel has formed on the H1 timeframe for the AUDUSD pair. The price is approaching its lower boundary and the support level of 0.6938. If the price bounces upward from these levels, the resistance level of 0.6994 could be a buying target.

 

[Rockfx]

A wedge has formed on the H1 timeframe for the USDCHF pair. The resistance level of 0.8093 has been holding the price for three days now, pushing it lower. If the lower boundary of the wedge is broken, the support level of 0.8012 could be a selling target. If the price breaks upward from 0.8093, the resistance level of 0.8128 could be a buying target.

 

[sunar14]

I’d just be careful not to assume the bounce before price actually rejects the lower channel boundary, especially on AUDUSD. USDCHF looks more like a squeeze to me — 0.8093 holding for days matters, but the first break from that wedge could easily fake out if liquidity is thin

 

[Rockfx]

On the EURUSD pair, the price broke above the resistance level of 1.1430 during its upward movement and consolidated above it. The next buying target could be the resistance level of 1.1505.

 

[Rockfx]

On the USDCHF pair, the price approached the support level of 0.8013 during its downward movement, which also marks the local uptrend line on H4. If these levels are broken below, the support level of 0.7961 could be the target for a continued downward movement.

 

[Rockfx]

For the AUDUSD pair, the price rebounded downwards from the resistance level at 0.6958. I'm considering selling within the downward pullback with the target being the local uptrend line formed on the H1 timeframe.

 

[Rockfx]

For the XAUUSD pair, the price broke below the local uptrend line formed earlier on the H1 timeframe. Support at 4136 was also broken. The target for a further downside move could be the support level at 4090.

 

[Rockfx]

A range has formed on the USDJPY pair on the M30 timeframe. The price has bounced down from its upper boundary at 162.42. The lower boundary of the range, at the support level of 161.66, could serve as a short-term selling target.

 

[Rockfx]

The USDCAD price is moving within a descending channel formed on H4. If the pair bounces upward from its lower boundary, the resistance level at 1.4193 could be a buy target. If the pair breaks below the channel's lower boundary, the support level at 1.4096 could be a sell target.