Thread: Straus trading journal

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.

As we can see 1.1089 zone was broken, but there were no any obvious reasons for this. Now bulls press the pair upwards.

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.

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.

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.

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.

We can see here that one more impulse towards 1.5664 level is possible from the support of 1.5571-1.56.

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.