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Atirox.com Forex Broker - Daily Analysis - Support & Resistant

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AUD/USD: technical analysis 06.09.2019

AUDUSDH406092019.png

Current trend

AUD/USD quotes attempted to fall, but reaching 0.68066 mark moved to a moderate growth. The instrument is now testing the resistance level of 0.68207 (Murray [7/8]). Assuming the pair’s ability to cross this level, the mark of 0.68359 (Murray [8/8]) can be targeted if holding long positions. Should prices continue raising above 0.68359 mark, the level of 0.68512 might try activating a downard rebound. The downward trend will be restored after the price is set below the level of 0.68054 (Murray [6/8]). In this case, the next targets of sellers will be the level of 0.67902 (Murray [5/8]). Technical picture is mixed. Bollinger Bands are pointed upwards. MACD volumes are decreasing in the positive zone. Stochastic is pointed downwards, reflecting the high possibility of the downward movement formation.

Support and resistance

Support levels: 0.68054, 0.67902, 0.67749.
Resistance levels: 0.68207, 0.68359, 0.68512.

Trading recommendations

Long positions can be opened above the level of 0.68207 with the target at around 0.68359-0.68512 and stop-loss 0.68105.
Short positions can be opened below the level of 0.68054 with the target at around 0.67902-0.67749 and stop-loss 0.68155.

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USD/JPY: technical analysis 06.09.2019

USDJPYH406092019.png

Current trend

On the 4-hour chart, the instrument is growing along the upper line of the Bollinger Bands. At the moment the price has met the resistance at the level of 107.097. This level seem a strong resistance in short term period. There is a chance of an downward rebound, while its breakout would allow the raise to continue to the area 107.227-107.422 (Murray [7/8]). If the sellers manage to decline the rate below the level of 106.913, the downward correction can continue to the area of 106.641 (Murray [5/8]). The level of 106.641 holds the gate for its falling to level 106.400 which seem a key correction level (the middle line of Bollinger Bands). Technical indicators reflect the maintenance of the upward potential. Bollinger Bands are diverging on the background of bullish momentum. The volumes of MACD histogram are growing in the positive zone. Stochastic is pointed sideways.

Support and resistance

Support levels: 106.913, 106.641, 106.400
Resistance levels: 107.097, 107.227, 107.422.

Trading recommendations

Short positions can be opened below the level of 106.913 with the target at around 106.641 and stop-loss 107.003.
Long positions can be opened above the level of 107.097 with the target at around 107.227-107.422 and stop-loss 106.988

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GBP/USD: technical analysis 06.09.2019

GBPUSDH406092019.png

Current trend

GBP/USD ontinues to consolidate around the resistance level of 1.23291 after a significant raise over the past two days. If the “bulls” manage to raise the rate above the level of 1.23291, the upward movemevnt can continue to the area of 1.23531-1.23900. Pullback and pair’s sustained trading below the level of 1.23137 could set the level of 1.22681 as next sellers target. In case the pair manage to cross the 1.22681 marke the sellers will aim for the 1.22318 support zone. Technical indicators mostly keep a buy signal, but the downward correction is possible in the short term. Bollinger Bands are pointed upwards. The volumes of MACD histogram are growing in the positive zone. Stochastic has left the overbought area and is pointed downwards, reflecting the high possibility of the downward movement formation.

Support and resistance

Support levels: 1.23137, 1.22681, 1.22318.
Resistance levels: 1.23291, 1.23531, 1.23900.

Trading recommendations

Short positions can be opened below the level of 1.23137 with the target at around 1.22681 and stop-loss 1.23289.
Long positions can be opened above the level of 1.23291 with the target at around 1.23531-1.23900 and stop-loss 1.23088

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USD/CHF: technical analysis 09.09.2019

USDCHFH409092019.png

Current trend

The USD/CHF pair begins today’s trading with slight bullish bias. At the moment the pairs is trying to consolidate above the level of 0.98877 (Murray [4/8]). The upward dynamic will be restored after price is set above the 0.98929 mark. In this case, the next targets of buyers will be the level of 0.99030 (Murray [+1/8]). Should prices continue raising above 0.99030 mark, the level of 0.99182 (Murray [+2/8]) might try activating a downward rebound. If the sellers manage to decline the rate below the level of 0.98835, the downward correction can continue to the area of 0.98692-0.98572 (Murray [3/8]). The mark of 0.98572 (the middle line of Bollinger Bands) seem a key level for downward correction. There is a chance of an upward rebound, while its breakdown would allow the fall to continue to the area of 0.98419. Technical indicators mostly reflect the moderate maintenance of the current upward сorrection. Bollinger Bands are diverging on the background of bullish momentum. Stochastic is pointed upwards. The volumes of MACD histogram are growing in the positive zone.

Support and resistance

Support levels: 0.98835, 0.98692, 0.98572.
Resistance levels: 0.98929, 0.99030, 0.99182.

Trading recommendations

Long positions can be opened above the level of 0.98929 with the target at around 0.99030-0.99182 and stop-loss 0.98844.
Short positions can be opened below the level of 0.98835 with the target at around 0.98692-0.98572 and stop-loss 0.98922.

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XAU/USD: technical analysis 09.09.2019

XAUUSDH409092019.png

Current trend

XAU/USD quotes attempted to grow, but reaching 1512.48 mark moved to a decline. If the sellers manage to decline the rate below the level of 1507.81 (Murray [1/8]), the downward movement can continue to the area of 1503.15. The level of 1500.00 seem a key level for the short term sellers. There is a high chance of an upward rebound, while its breakdown would allow the fall to continue to the area of 1494.69. Pullback and price consolidation above the level 1515.63 will let the price to grow to the area 1520.20-1523.44 (Murray [3/8]). Technical picture is mixed. Bollinger Bands are pointed downwards. MACD histogram is in the negative zone keeping a signal for the opening of sell positions. Stochastic is pointed sideways.

Support and resistance

Support levels: 1507.81, 1503.15, 1500.00.
Resistance levels: 1515.63, 1520.20, 1523.44.

Trading recommendations

Short positions can be opened below the level of 1507.81 with the target at around 1503.15-1500.00 and stop-loss 1510.00.
Long positions can be opened above the level of 1515.63 with the target at around 1520.20-1523.44 and stop-loss 1512.63.

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NZD/USD: technical analysis 09.09.2019

NZDUSDH409092019.png

Current trend

The NZDUSD pair begins today’s trading with slight bullish bias but reaching 0.64188 mark moved to a decline. If the current trend maintains the next targets of sellers will be the level of 0.64087 (Murray [6/8]). This level can prevent the instrument from falling, as the possibility of the reverse of the price is high there. Meanwhile, pair’s sustained trading below the 0.64087 can lead the price to the 0.63846 mark, which coincided with the middle line of Bollinger Bands.
Alternative scenario. The upward trend will be restored after the price is set above the level of 0.64392 (Murray [7/8]). In this case, the buyers will aim for the area of 0.64586-0.64697 (Murray [8/8]). Technical indicators mostly keep a buy signal, but the downward correction is possible in the short term. Bollinger Bands are pointed upwards. MACD histogram is in the positive zone keeping a signal for the opening of buy positions. Stochastic is pointed downwards, reflecting the high possibility of the downward movement formation.

Support and resistance

Support levels: 0.64087, 0.63846, 0.63477.
Resistance levels: 0.64392, 0.64586, 0.64697.

Trading recommendations

Long positions can be opened above the level of 0.64392 with the target at around 0.63660-0.63782 and stop-loss 0.64290.
Short positions can be opened below the level of 0.64087 with the target at around 0.63846 and stop-loss 0.64167.

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USD/CHF: technical analysis 10.09.2019

USDCHFH410092019.png

Current trend

On 4-hour chart, the instrument shows a positive dynamic. At the moment the price has met the resistance at the level of 0.99312. If the price is set below the level of 0.99182 (Murray [5/8]), the downward correction can continue to the level of 0.98877 (Murray [4/8]), which coincided with the middle line of Bollinger Bands. There is a chance of an upward rebound, while its breakdown would allow the fall to continue to the area of 0.98572 (Murray [3/8]). One may speak about upward movement continuation after the price consolidates above the resistance level of 0.99312. In this case, the buyers will aim for the level of 0.99487 (Murray [6/8])-0.99619. The technical picture is mixed. Bollinger Bands are pointed upwards. MACD volumes are slowly decreasing in the positive zone. Stochastic is in the overbought area and is pointed downwards, reflecting the high possibility of the downward movement formation.

Support and resistance

Support levels: 0.99182, 0.98877, 0.98572.
Resistance levels: 0.99312, 0.99487, 0.99619.

Trading recommendations

Long positions can be opened above the level of 0.99312 with the target at around 0.99487-0.99619 and stop-loss 0.99209.
Short positions can be opened below the level of 0.99182 with the target at around 0.98877 and stop-loss 0.99283.

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USD/CAD: technical analysis 10.09.2019

USDCADH4100921019.png

Current trend

The USD/CAD pair begins today’s trading with slight bullish bias on the background of upward correction. The first target of the correction is the level of 1.31836 (Murray [0/8]), which corresponds to the middle line of Bollinger Bands. There is a chance of an downward rebound. Meanwhile, the breakout of 1.31836 can accelerate the pair towards 1.32141 (Murray [1/8]). The downward trend will be restored after the price is set below the level of 1.31531 (Murray [-1/8]). In this case, the next targets of sellers will be the level of 1.31388-1.31226 (Murray [-2/8]). The technical picture is mixed. Bollinger Bands are pointed downwards. The volumes of MACD histogram are decreasing in the negative zone. Stochastic is in the overbought zone and is pointed downwards.

Support and resistance

Support levels: 1.31531, 1.31388, 1.31226.
Resistance levels: 1.31836, 1.32141, 1.32346.

Trading recommendations

Long positions can be opened above the level of 1.31836 with the target at around 1.32141 and stop-loss 1.31734.
Short positions can be opened below the level of 1.31531 with the target at around 1.31388-1.31388 and stop-loss 1.31631.

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EUR/USD: technical analysis 10.09.2019

EURUSDH410092019.png

Current trend

EUR/USD is in the stage of downward correction after raisung to the level of 1.10677. At the moment the price has met the support at the level of 1.10400 (the middle line of Bollinger Bands). If the “bulls” manage to raise the rate above the level of 1.10677, the upward movement can continue to the area of 1.10779-1.10843. This area can prevent the instrument from growing, as the possibility of the reverse of the price is high there. The downward trend will be restored after the price is set below the level of 1.10400. In this case, the next targets of sellers will be the level of 1.10168 (Murray [5/8]). The level of 1.10168 seem a strong support level, which can activate an upward rebound. Meanwhile, pair’s sustained trading below this level will let the price to fall to the area of 1.10092-1.09863 (Murray [4/8]). Technical picture is mixed. Bollinger Bands are pointed sideways. MACD volumes are in the positive zone and are moving along the zero line. Stochastic is pointed downwards, reflecting the high possibility of the downward movement formation.

Support and resistance

Support levels: 1.10400, 1.10168, 1.10092, 1.09863.
Resistance levels: 1.10474, 1.10677, 1.10843, 1.11084.

Trading recommendations

Short positions can be opened below the level of 1.10400 with the target at around 1.10168 and stop-loss 1.10502.
Long positions can be opened above the level of 1.10677 with the target at around 1.10779-1.10843 and stop-loss 1.10621.

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AUD/USD: technical analysis 11.09.2019

AUDUSDH411092019.png

Current trend

On 4-hour chart, the instrument shows a positive dynamic. The price went up above the level of 0.68665 (Murray [+1/8]) and can grow further to the levels of 0.68843 and 0.68970 (Murray [+2/8]). The area of 0.68970 level can prevent the instrument from growing, as the possibility of the reverse of the price is high there. Pullback below 0.68665 could lead the price to the 0.68550 level, which coincided with the middle line of Bollinger Bands. There is a chance of an upward rebound, while its breakdown would allow the fall to continue to the area of 0.68359 (Murray [8/8]). Technical indicators reflect the moderate maintenance of the current upward trend. Bollinger Bands are pointed upwards. MACD volumes are in the positive zone and are moving along the zero line. Stochastic is pointed upwards.

Support and resistance

Support levels: 0.68665, 0.68550, 0.68359.
Resistance levels: 0.68843, 0.68970, 0.69100.

Trading recommendations

Long positions can be opened above the level of 0.68843 with the target at around 0.68970-0.69100 and stop-loss 0.68757.
Short positions can be opened below the level of 0.68665 with the target at around 0.68550-0.68359 and stop-loss 0.68563

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USD/JPY: technical analysis 11.09.2019

USDJPYH411092019.png

Current trend

On the 4-hour chart, the instrument is growing along the upper line of the Bollinger Bands. At the moment the price is testing the resistance at the level of 107.813 (Murray [4/8]). The breakout of 107.813 can accelerate the pair towards 108.203 (Murray [5/8]).
Alternative scenario.
If USD/JPY cannot consolidate above the level of 107.813 during short term period, the downward correction and retest of the level 107.559, 107.422 (Murray [3/8]) are possible. The downward trend will be restored after the price is set below the level of 107.225, which is the middle line of Bollinger Bands. In this case, the next targets of sellers will be the level of 107.031 (Murray [2/8]). Technical indicators reflect the maintenance of the upward potential. Bollinger Bands are diverging on the background of bullish momentum. The volumes of MACD histogram are growing in the positive zone. Stochastic is in the overbough zone and is pointed sideways.

Support and resistance

Support levels: 107.559, 107.422, 107.225.
Resistance levels: 107.813, 108.203, 108.594.

Trading recommendations

Long positions can be opened above the level of 107.813 with the target at around 108.203 and stop-loss 107.679.
Short positions can be opened below the level of 107.559 with the target at around 107.422-107.225 and stop-loss 108.665.

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GBP/USD: technical analysis 11.09.2019

GBPUSDH411092019.png

Current trend

GBP/USD is trading above its middle line of Bollinger Bands suggesting bullish momentum. The first tough resistance is located on the level of 1.23741. This level holds the gate for its rise to 1.23901 (Murray [7/8]) resistance-line. There is a chance of an downward rebound, while its breakout would allow the raise to continue to 1.24300-1.24512 (Murray [8/8]). Alternative scenario. Pullback and price sustained trading below the level of 1.23291 (Murray [6/8]) could lead the price to the 1.22681 level (Murray [5/8]). The downward trend will be restored after the price is set below the level of 1.22681. In this case, the next targets of sellers will be area of level of 1.22363-1.22070 (Murray [4/8]). Technical picture is mixed. Bollinger Bands are pointed sideways. MACD volumes are in the positive zone and are moving along the zero line. Stochastic is pointed downwards.

Support and resistance

Support levels: 1.23291, 1.22681, 1.22363, 1.22070.
Resistance levels: 1.23741, 1.23901, 1.24300.

Trading recommendations

Short positions can be opened below the level of 1.23291 with the target at around 1.22681 and stop-loss 1.23494.
Long positions can be opened above the level of 1.23741 with the target at around 1.23901-1.24000 and stop-loss 1.23654

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USD/JPY: technical analysis 12.09.2019

USDJPYH412092019.png

Current trend

On the 4-hour chart, the instrument is growing along the upper line of the Bollinger Bands. If the current trend maintains, the next targets of buyers will be the level of 108.203 (Murray [5/8]). This level can prevent the instrument from growing, as the possibility of the reverse of the price is high there. Meanwhile, the breakout and pair’s sustained trading above the level of 108.203 will let the price to grow to the area of 108.594 level. Pullback below the 107.813 mark (Murray [4/8]) could lead the price to the 107.559 and 107.422 (Murray [3/8]) level. Technical indicators mostly keep a buy signal, but the downward correction is possible in the short term. Bollinger Bands are pointed upwards. The volumes of MACD histogram are growing in the positive zone. Stochastic is in the overbought zone and is pointed downwards.

Support and resistance

Support levels: 107.813, 107.559, 107.422.
Resistance levels: 108.203, 108.594, 108.810.

Trading recommendations

Long positions can be opened above the level of 108.203 with the target at around 108.594 and stop-loss 108.072.
Short positions can be opened below the level of 107.813 with the target at around 107.559 and stop-loss 107.897.

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XAU/USD: technical analysis 12.09.2019

XAUUSDH412092019.png

Current trend

XAU/USD is in the stage of upward correction. At the moment the price has met the resistance at the level of 1498.41, which coincided with the middle line of Bollinger Bands. If the sellers manage to decline the rate below the level of 1490.00, the correction can continue to the area of 1484.38 (Murray [-2/8]). There is a chance of an upward rebound, while its breakdown would allow the fall to continue to 1480.00 mark. One may speak about upward movement continuation after the price consolidates above the resistance level of 1500.00 (Murray [0/8]). In this case, the buyers will aim for the 1504.48-1507.81 (Murray [1/8]) area. Technical picture is mixed. Bollinger Bands are pointed downwards. MACD volumes are decreasing in the negative zone. Stochastic is pointed sideways.

Support and resistance

Support levels: 1492.19, 1490.00, 1484.38.
Resistance levels: 1500.00, 1504.48, 1507.81.

Trading recommendations

Short positions can be opened below the level of 1490.00 with the target at around 1484.38 and stop-loss 1492.00.
Long positions can be opened above the level of 1500.00 with the target at around 1504.48-1507.81 and stop-loss 1497.70.

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NZD/USD: technical analysis 12.09.2019

NZDUSDH412092019.png

Current trend

On 4-hour chart, the instrument shows a positive dynamic during asian session. The instrument is now trying to consolidate above the level of 0.64392 (Murray [7/8]). If the current trend maintains the pair will grow to the 0.64697 level (Murray [8/8]). This level can prevent the instrument from growing, as the possibility of the reverse of the price is high there. However, breakout of 0.64697 can accelerate the pair towards 0.65002 (Murray [+1/8]). Alternative scenario. The downward trend will be restored after the price is set below the level of 0.64241, which is the middle line of Bollinger Bands. In this case, the next targets of sellers will be the level of 0.64087 (Murray [6/8]). Technical indicators reflect the moderate maintenance of the current upward trend. Bollinger Bands are diverging in the background of bullish momentum. MACD is growing in the positive zone. Stochastic is pointed upwards.

Support and resistance

Support levels: 0.64241, 0.64087, 0.63782.
Resistance levels: 0.64392, 0.64697, 0.65002.

Trading recommendations

Long positions can be opened above the level of 0.64392 with the target at around 0.64697 and stop-loss 0.64290.
Short positions can be opened below the level of 0.64241 with the target at around 0.64087 and stop-loss 0.64292.

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USD/CHF: technical analysis 13.09.2019

USDCHFH413092019.png

Current trend

On 4-hour chart, the instrument shows a negative dynamic. If the current trend maintains, the next targets of sellers will be the level of 0.98877 (Murray [4/8]). Should prices continue slipping under 0.98877 mark, the level of 0.98798 might try activating a upward rebound. If the instrument cannot consolidate below the level of 0.98877 during short term period, it will begin to grow to the area of 0.99030-0.99182 (Murray [6/8]). The upward trend will be restored after the price is set above the level of 0.99182, which is the middle line of Bollinger Bands. In this case, the next targets of buyers will be the level of 0.99335-0.99487 (Murray [8/8]). Now the technical indicators reflect the low trading activity and moderate developing of the current downward trend. Bollinger Bands are pointed downwards. MACD volumes are decreasing in the positive zone. Stochastic is pointed downwards.

Support and resistance

Support levels: 0.98877, 0.98798 ,0.98572.
Resistance levels: 0.99030, 0.99182, 0.99335.

Trading recommendations

Short positions can be opened below the level of 0.98877 with the target at around 0.98798-0.98572 and stop-loss 0.99029.
Long positions can be opened above the level of 0.99030 with the target at around 0.99182-0.99335 and stop-loss 0.98928.

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USD/CAD: technical analysis 13.09.2019

USDCADH413092019.png

Current trend

On the 4-hour chart, the instrument is growing along the upper line of the Bollinger Bands. The price went up above the level of 1.32141 (Murray [1/8]) and can grow further to the levels of 1.32346 and 1.32446 (Murray [2/8]). The area of 1.32446 can prevent the instrument from growing, as the possibility of the reverse of the price is high there.
Alternative scenario. If the sellers manage to decline the rate below the level of 1.32114, the correction can continue to the area of 1.3200-1.31836 (Murray [0/8]). The level of 1.31836 seem a key target of the downward correction. There is a chance of an upward rebound, while its breakdown would allow the fall to continue to 1.31683 mark.
Technical indicators reflect the moderate maintenance of the current upward trend. Bollinger Bands are pointed upwards. MACD is slowly growing in the positive zone. Stochastic is in the overbought zone and is pointed upwards.

Support and resistance

Support levels: 1.32141, 1.32000, 1.31836.
Resistance levels: 1.32346, 1.32446, 1.32751.

Trading recommendations

Long positions can be opened above the level of 1.32212 with the target at around 1.32346-1.32446 and stop-loss 1.32134.
Short positions can be opened below the level of 1.32114 with the target at around 1.32000-1.31836 and stop-loss 1.32021.

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EUR/USD: technical analysis 13.09.2019

EURUSDH413092019.png

Current trend

EUR/USD is trading above the the middle line of Bollinger Bands suggesting bullish momentum. If the current trend maintains the next targets of buyers will be area of levels 1.10779 (Murray [7/8])-1.10869. As we can see this area can prevent the instrument from growing, as the possibility of the reverse of the price is high there. Meanwhile, the breakout of 1.10869 can accelerate the pair towards 1.11084 (Murray [8/8]). Pullback and price sustained trading below the 1.10474 (Murray [6/8]) could lead the price to the level of 1.10323, which coincided with the middle line of Bollinger Bands. There is a chance of an upward rebound, while its breakdown would allow the fall to continue to 1.10168 (Murray [5/8]). Technical indicators mostly keep a buy signal, but the downward correction is possible in the short term. Bollinger Bands are pointed upwards. The volumes of MACD histogram are growing in the positive zone. Stochastic is in the overbought zone and is pointed sideways.

Support and resistance

Support levels: 1.10474, 1.10323, 1.10168.
Resistance levels: 1.10779, 1.10869, 1.11084.

Trading recommendations

Long positions can be opened above the level of 1.10779 with the target at around 1.11084 and stop-loss 1.10677.
Short positions can be opened below the level of 1.10474 with the target at around 1.10168 and stop-loss 1.10576.

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AUD/USD: technical analysis 16.09.2019

AUDUSDH416092019.png

Current trend

On 4-hour chart, the instrument shows a sideways dynamic. The downward movement will be restored after the price is set below the level of 0.68665 (Murray [-1/8]). In this case, the sellers will aim for the level of 0.68482-0.68359. If the “bulls” manage to raise the rate above the level of 0.68830, the correction can continue to the area of 0.68901-0.68970. The area of 0.68901-0.689641 can prevent the instrument from growing, as the possibility of the reverse of the price is high there. Meanwhile, the breakout of 0.68970 (Murray [-2/8]) can accelerate the pair towards 0.69160-0.69314. The technical picture is mixed. Bollinger Bands are pointed sideways. MACD volumes are in the negative zone and are moving along the zero line. Stochastic is pointed downwards.

Support and resistance

Support levels: 0.68665, 0.68482, 0.68359.
Resistance levels: 0.68830, 0.68970, 0.69160.

Trading recommendations

Long positions can be opened above the level of 0.68830 with the target at around 0.69160 and stop-loss 0.68720.
Short positions can be opened below the level of 0.68665 with the target at around 0.68359 and stop-loss 0.68767.

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USD/JPY: technical analysis 16.09.2019

USDJPYH416092019.png

Current trend

USD/JPY price is restoring after the fall to the level of 107.493. If the “bulls” manage to raise the rate above the level of 107.885, the correction can continue to the area of 108.103-108.203. There is a chance of an downward rebound, while its breakout would allow the raise to continue to the area 108.393-108.594 (Murray [6/8])
Alternative scenario. Pullback and price sustained trading below 107.813 level could lead USD/JPY to the 107.611-107.422 (Murray [3/8]) level. One may speak about downward movement continuation after the price consolidates below the support level of 107.422. In this case, the next targets of sellers will be the level of 107.232-107.178. Technical picture is mixed. Bollinger Bands are pointed sideways. MACD volumes are decreasing in the positive zone. Stochastic is pointed sideways.

Support and resistance

Support levels: 107.813, 107.611, 107.422.
Resistance levels: 107.885, 108.103,108.594.

Trading recommendations

Long positions can be opened above the level of 107.885 with the target at around 108.103 and stop-loss 107.812.
Short positions can be opened below the level of 107.813 with the target at around 107.611-107.422 and stop-loss 107.947

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      Do not know where you'll be one of those things. But that's when your psychological trading journal will be useful. When you know your trading patterns, it helps you to stay away from people who may incur losses. So, here are some tips to maximize your trading journal:
      1) BALANCING POSITIVE AND NEGATIVE
      It is easy to write about your mistakes so you do not make them anymore. But you also have to write about the positives. For example, if strategy A and B fails, you can write in your journal. In addition, you also have to write about strategies C and D work.
      Many Forex trading site describes the different errors that traders usually do. Forex Academy is one website that not only shows the error but also tells a different way you can fix it.
      So, your journal should have two parts. The one with the negatives, which contain trading mistakes you should avoid, and secondly, the positive that talks about some of your successful trading strategies. This will help you to work on the negative and turn it into a positive future.
      2) ALWAYS HAVE THE PURPOSE OF TRADING
      Just follow your friends or fellow traders are now the way forward in Forex trading. You should always have a goal-oriented approach.
      For example, if you make a few mistakes on the first trading day, you should aim not to repeat them the next day or next week. Similarly, if you have a satisfactory ROI on your first trade, you should look to follow that strategy and get more in the second attempt.
      However, make sure that you assess the condition of the market while trading. If you are successful the first day, it does not mean the market will remain like that forever. So, keep an eye on the constantly changing market conditions.
      3) ALWAYS HAVE AN OPEN MIND
      As already mentioned, there is so much to learn from a professional Forex trading even would say that they do not have full knowledge of the market. Keeping an open mind is the best way to maximize your trading journal. Learning does not have to be limited to correcting your mistakes.
      There are many new techniques you'll find you start to trade. Do not avoid off this strategy because you trade successfully without assistance.
      Forex trading can be tough at first, but if you have a journal, hard days will be the pillars of success you soon.
      Also read: The Best Automated Trading Software of 2020
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