My trading journal using technical analysis

[Rockfx]

The USDCHF pair formed a descending channel on the H1 timeframe. The price broke below the support level of 0.8296 and consolidated below it. This level has now become resistance, with the first selling target from here potentially being the support level of 0.8264, and the second target being the support level of 0.8224.

 

[Rockfx]

An ascending channel has formed on the USDJPY H1 timeframe. During its upward movement, the price approached the resistance level of 158.16. If the price breaks through this resistance level and consolidates above it, the target for continued upward movement could be the upper boundary of this ascending channel.

 

[Rockfx]

According to my calculations, the EURUSD pair has a chance of reversing upward from the support level of 1.1221, which also marks the lower boundary of the ascending channel formed on H1. If there is an upward rebound from this level, the resistance level of 1.1278 could be the first target for long positions.

 

[Rockfx]

For the USDCAD pair, the price is within a triangle formed on H1. If the lower boundary is broken, the support level at 1.4202 could be a selling target. If the upper boundary is broken, buying should be considered, targeting resistance levels at 1.4293 and 1.4325.

 

[Rockfx]

As we can see, the 1.3204 support level for the GBPUSD pair has proven quite strong and continues to hold the price from moving lower for a long time. After another false breakout of this level, I believe buying is now a priority, which is also confirmed by my filter indicator, where the resistance level of 1.3336 could be the target.

 

[Rockfx]

The AUDUSD pair broke out of a triangle formed on the H4 timeframe, breaking through its upper edge. This resulted in a downward pullback and a retest of the local downtrend line, which was broken upwards, before bouncing off of it. The first target for an upward movement could be resistance at 0.6988; if it is broken upwards, the second target could be resistance at 0.7031.

 

[Rockfx]

As we can see, the EURUSD support level at 1.1164 on the H4 TF chart proved quite strong and prevented the price from falling. After the latest false breakout, I'm considering buying with the first target being the resistance level at 1.1238. If this resistance level is broken upwards, the second target could be the resistance level at 1.1269.