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Profit / Loss Analysis

Marcellus8610

Well-known member
The beginning of the new month remains without trading activity on LUX PAMM due to extreme caution associated with the current activity on the market. However, now I see a fairly clear picture on the Euro Dollar, which will quite possibly soon be turned into trading activity.

Euro Dollar during April tried to overcome some resistance zone around 1.10700 and it started to work out after a sharp jump was made with the top of 1.10965. At the moment, a very weak uptrend has been formed, close to horizontal, and its extension in the current situation is unlikely.
A divergence has formed on the MACD four-hour chart, which is also clearly visible on the daily chart, along with a fairly confident crossing of the signal line.
The recent drop proved that the 100 EMA level on the 4-hour chart would not provide significant support in the event of a decline. But I would pay attention to the EMA 200 level, the line is at 1.09300 now. I will consider the support at 1.09430 as a marker level and a preliminary signal for further decline, and further breaking of the signal level at 1.09300 will probably mean a continuation of the fall to 1.08300.
The confident growth will be possible if the EMA levels of 100 and 200 are confidently crossed again, and then there will be a prospect of a second attempt to reach and overcome the level of 1.10950 formed in May
Euro Dollar May 05 (EeR4yh).png
 

Marcellus8610

Well-known member
💡LUX trading results

EUR/USD trade opens trading plan this month. The trade was closed without reaching the take profit level thus, a series of 4 take profits on my account was interrupted, but I will improve the system so that such series are longer and more frequent.

However, it's a profitable trade that generated a 2.48% gain

The trade was immediately closed after there was a possibility of further growth and the beginning of a correction that could reduce profits. I have been careful 🛡, although the market finally reached the required level after a few hours. As I have mentioned, patience is the most important thing in trading and this trade is a great example of the importance.
Euro Dollar trade May 08 for.png
 

Marcellus8610

Well-known member
GBP/JPY is once again reaching the resistance of 172.800 and in my opinion does not have strong priorities for further growth for a while. The current area of resistance puts strong pressure on the market and during May this level was not passed. I will consider this level as a marker and further growth can be considered only after it is broken. However, in the long term (weekly and monthly) MACD and EMA point to buy.
On the short term charts, I see a MACD divergence that formed during a horizontal move along resistance, with a slight bullish incline.
In order to consider further downside, I would take a close look at the hourly chart which indicates MACD sell but the EMAs are still below the price level which provides some support and a fall could be considered if the EMA 100 marker level is passed on the hourly chart (now at 172.015) and further breaking through the EMA 200 line with the prospect of falling to 171.250 (still within the current horizontal trend).
Summing up, I would clarify that the short term hints at a fall following the divergence and the impact of the 172.800 resistance, but the long term, where the monthly chart shows a preliminary MACD buy signal, can still return to a continuous increase, which can be strong enough to reach 175.00.
Gbp Jpy May 25 (Ecxre3).png
 
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