Good Morning! Once again, a warm welcome to all of you on my trading journal. In my journal, I provide updates on my new strategies and trade ideas. All of my running positions were closed in good profit during the last week. Check out my trading journal to see how accurate I was despite doing less trading and sharing less analysis. In addition, the Russia-Ukraine war is still ongoing and uncertainty still exists in the market. I analyzed the dollar index yesterday and shared my trading experience and checked the closing price of the dollar index. The dollar index closed at 101.67 on Monday, and I am expecting more bearish moves in the coming days, according to Bolinger bands and RSI. The dollar index will continue its downward trend this week.
Last Week Trading History: Here, I would like to share with you my trading performance over the last week. I did not close any trades in loss last week. All my running positions in the good profit and share analysis also went well. In just one trade, I made 1040 $ profit in crude oil. After analyzing myself, I determined that if we do less trading, then trading accuracy will increase.
Closed Positions: Not yet.
Crude oil: In the last week, when crude oil traded at 110.90, my crude oil analysis recommended opening buy positions because a bullish engulfing candle formed at previous support. We saw crude oil move 300 plus pips in just one trading session on the same day. More information can be found in my trading journal, and you can see the current closing price in the screenshot.
Active Position: As you can see from my share chart, I currently hold one of my buy positions in the EURJPY. Using the 4-hourly time frame as a guide, EURJPY follows trend lines and breaks of structure. In the next week, I expect the resistance area near 136.70 will be broken by high volume and trend line support. We will take a look at the buy position setup around the level of 137 and then see what the indicators will do. I wish you all the best.
