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    Trading Journal

    Uploaded by

    Abraham Immanuel Adam
    This document provides analysis and trading ideas for several currency pairs for the week of January 5th, 2020. It notes that the forex market is expected to be active after the holidays, and that USD volatility may increase due to upcoming US jobs data. Analysis is given for USDIndex, showing a retracement from a breakout, and the EU, which hit a 3R reward target. USDJPY is forming a double top reversal pattern, and AUDUSD is in an uptrend with a retracement, giving buy opportunities.

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    Trading Journal

    Uploaded by

    Abraham Immanuel Adam
    92 views14 pages
    This document provides analysis and trading ideas for several currency pairs for the week of January 5th, 2020. It notes that the forex market is expected to be active after the holidays, and that USD volatility may increase due to upcoming US jobs data. Analysis is given for USDIndex, showing a retracement from a breakout, and the EU, which hit a 3R reward target. USDJPY is forming a double top reversal pattern, and AUDUSD is in an uptrend with a retracement, giving buy opportunities.

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    This document provides analysis and trading ideas for several currency pairs for the week of January 5th, 2020. It notes that the forex market is expected to be active after the holidays, and that USD volatility may increase due to upcoming US jobs data. Analysis is given for USDIndex, showing a retracement from a breakout, and the EU, which hit a 3R reward target. USDJPY is forming a double top reversal pattern, and AUDUSD is in an uptrend with a retracement, giving buy opportunities.

    Copyright:

    © All Rights Reserved
    Download as XLSX, PDF, TXT or read online from Scribd
    Download as xlsx, pdf, or txt
    92 views14 pages

    Trading Journal

    Uploaded by

    Abraham Immanuel Adam
    This document provides analysis and trading ideas for several currency pairs for the week of January 5th, 2020. It notes that the forex market is expected to be active after the holidays, and that USD volatility may increase due to upcoming US jobs data. Analysis is given for USDIndex, showing a retracement from a breakout, and the EU, which hit a 3R reward target. USDJPY is forming a double top reversal pattern, and AUDUSD is in an uptrend with a retracement, giving buy opportunities.

    Copyright:

    © All Rights Reserved
    Download as XLSX, PDF, TXT or read online from Scribd
    Download as xlsx, pdf, or txt
    of 14

    Forex market going to active this week after from long holiday for end of the year.

    This week USD-NFP n


    However, Us and IRAN are not in good terms as war 3 might probably occur and effect the greenback.
    he year. This week USD-NFP news will be the most high voltality as we expected great movement for USD pair.
    r and effect the greenback.
    Date : 05th January 2020
    Pair : USDINDEX
    TF - Daily

    USDINDEX shown retracement last week after breakout latest support (Black circle), Price

    Trading idea :

    1) Sell : Target next week price for USD in bearish mode. Wait for retracement and entry s
    UsdIndex - Daily TF

    Price breakout latest support at (LL) and create another LL. Price currently on retracement
    upport (Black circle), Price expected to move to bluebox are.

    or retracement and entry signal (CRS) or breakout 2 important key level (black arrow) to ride the market.
    e currently on retracement mode and next bearish target at blue box.
    DATE : 05th January 2020
    Pair : EU - DAILY TF

    Price last week was reacted as per bearish pinbar direction. However it's fails to break late
    making new HH structure.

    Trade idea :

    1) BUY - Entry at 50%-61.8% of fibo level and next TP at latest resistance. If price breakout
    Pair : EU

    TF : Daily

    Price goes exactly as per analysis. Its retraced 50% of pinbar candlestick and hit our 3R reward.

    Result : Price HIT TP.


    wever it's fails to break latest support and creating rejection. Price structure was

    esistance. If price breakout HH (Pink circle), it may bullish up to another resistance (Pink Arrow).
    d hit our 3R reward.
    Date : 05 TH January 2020

    Pair : USDJPY

    Price structure was creating double top (REVERSAL PATTERN) and breakout trendline. This could possible

    Trade Idea :
    1) SELL - Wait price retrace and put order at resistance (SBR). Target TP shall as per the pink and yellow a

    2) BUY - wait price action (Reversal) at support 1 area.


    t trendline. This could possible beginning of downtrend after breakout of double top neckline.

    all as per the pink and yellow arrow.


    DATE : 05th January 2020

    Pairs : AUDUSD

    Price was creating HH and uptrend movement. Last week was a retracement for AUDUSD.

    Trade idea :
    1) BUY - Wait price action at white box to ride the trend.
    retracement for AUDUSD.

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