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Straus trading journal
Hello, dear forum members!
I started trading on Forex market not so long ago and I would like to share my analysis and results on public to discuss. I really believe this method can improve one's skills (mine in exactly that case) and hope you can give me some useful tips. ^_^
Thank you in advance! This forum has already given me a lot of useful information that I'm really thankful for.
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So, we can see a strong decline here. There were several important financial news of GBP today. Thus, I guess, some upward correction is expected to appear soon.
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As we can see 1.1089 zone was broken, but there were no any obvious reasons for this. Now bulls press the pair upwards.
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There is a corridor between 1.5550-1.5600 levels. Of course, you can trade in this corridor, but I will wait for its breaking first.
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There is some trading channel between 124.05 and 125.35 on this chart. The pair is going to the lower border, and I guess, bears have enough pressure to break this support.
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AUDUSD pair had a dramatic decline because of important macroeconomic news. So now we can see a upward rollback here. But I guess, there will be a downward trend in the near future.
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I'm waiting for a correction beginning to 1.1030, from where the Euro continues its growth to 1.1212 and, maybe to 1.1380.
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We can see here that one more impulse towards 1.5664 level is possible from the support of 1.5571-1.56.
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There are several resistance levels - 124.38, 124.58, 124.92. And only one strong support at 123.54. If the pair breaks 124.92, there will be upward trend again.
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