Hello guys welcome to my trading journal, The US dollar index the desire for the index was high. However, it came back down, day by day leaving the candle like a wooden candle was once a candle like the long tail at the top, or where I tolerate the US dollar index demand situation day by day. The day time frame is the turning point about the US dollar index charge, which is applicable to the preceding high.
Active Trade: My Xauusd trade was running, and far from my take profit target level, and now the xauusd active trades are floating with the $5000+ profit. I try to take too much risk and do not want to close my trade by taking a small profit.
Trading Plan: The 110-115 zone is a high sell zone in 4-hourly benefits, here the bears are head and shoulders above open participation, but the bulls do not give up deciding to break the bear at the 110 strike, as long as they succeed, as the days close above 110.0. However, for growth, it is necessary to pass more bears by 112 and very strong bears by 115.0. I don’t see any way to get past 115 without a liquidity descent. In the morning, the price addressed the upper border of the channel, the level of 111.03, from which the price tries to turn around and it is possible that the pair will be able to go down to the lower border of this channel, to the level of 108.10. And of course, there are options for price movement.
Xauusd Technical Outlook: The entire movement is still apparently worth and the rest of the time it is empty with a probable minor increase, but I may be mistaken. The main trading range is between 1874 and 1846. And it is narrowing, which indicates a possible imminent momentum, although it may be next week. Everything points to continued growth in order to reach the level of 1950 in the short term, but first you need to at least reach the level of 1900 and break through this extraordinarily specialized and subjective level.
