Fxwinner's Trading Journal

[fxwinner]

I have created this thread to share my trading analysis . It will be great if other members also express their valuable opinion here. I have been trading in Forex for about 2 years. I am a day trader .I like to trade with multiple pairs , EUR/USD, USD/JPY, AUD/USD, GBP/USD, EUR/JPY .

[fxwinner]

AUD/USD Analysis

We have seen a pin bar last day in AU. The daily outlook is very bearish imo.
According to my wave analysis I think we are going to complete wave 2 and after that a strong bearish wave 3 will be started . So I have started shorting this pair . I have given a chart below to visualize my analysis :

[fxwinner]

GBP/USD Analysis

GBP/USD is very much bearish today. I can see long bear candle in daily. But I think we will see bullish surge before starting of final fall. From wave analysis imo it is in wave 4 of wave c. So After the completion of wave 4 last wave, wave 5 will be started which may create a new high above the last high.

[fxwinner]

EUR/JPY Analysis

A bearish three drive pattern is forming may be in EJ. It is really tough to make analysis on this pair. BTW can see lack of impulse wave . Imo EJ is not get bottom till now. May be it will surge up after visiting 130.xx. So I will buy from there with an target of at least 300 pips.

[fxwinner]

USD/JPY

USD/JPY is in uptrend in a triangle formation. I expect an imminent retracement and In cci indicator I can see hidden bearish divergence in daily tf. So Imo a retrace is possible to at least 97.50 level where I am looking to buy UJ for at least 150 pips.

[fxwinner]

Originally Posted by fxwinner

EUR/JPY Analysis

A bearish three drive pattern is forming may be in EJ. It is really tough to make analysis on this pair. BTW can see lack of impulse wave . Imo EJ is not get bottom till now. May be it will surge up after visiting 130.xx. So I will buy from there with an target of at least 300 pips.

Attachment 1629

It was got bottom that time. I joined in bull party later . No problem . I believe it will retrace soon from 133.xx level to 131.80-132.20 level where I will reenter long order, Target will be at least 250 pips . So looking for opportunity to buy in dips.

[fxwinner]

Originally Posted by fxwinner

It was got bottom that time. I joined in bull party later . No problem . I believe it will retrace soon from 133.xx level to 131.80-132.20 level where I will reenter long order, Target will be at least 250 pips . So looking for opportunity to buy in dips.

EUR/JPY Elliott wave count:

EJ is in uptrend in a triangular formation . I expect it will be in this triangle for 10-15 trading days more. Now it is may be in wa ve E and completed a wave of E wave. But still not clear. My preferred wave count posted here: