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Week 02 - 2021. Trades review and trade set ups

Good week Traders,


Friday's Non-farm payroll weak report was shrugged off by the market as everyone is eyeing on the stimulus talk. The dollars weakness has boosted the equities even higher (record high!). Now let's not forget about BITCOIN. As the FEDs print more money, people are skeptical of the US dollar strength and rushed to pour into bitcoin, resulting in a high of $40K USD. Simply amazing.


Dollar Index (DXY)


Analysis 50-1

Short position reached Take Profit-1 level where we announced to close / partial / risk free.



XAU/USD - Spot Gold


Exclusive Trade - Long at market

Long position reached Take Profit-2 level where we announced to close fully.



Trade Recap


Cotton No.2 Futures (Analysis 51-2)


Recap (Week 52)


This week recap

Long position reached Take Profit level - 2 where we announced to close / partial.



Soybean Futures (Exclusive Trade) - Long at market

Long reached Take Profit - 2 level where we announced to close / partial.



EUR/USD (Analysis 50-2)


Recap (Week 52) TP2 level


This week Recap

Long position reached Take Profit - 3 level where we announced to close / partial.


Sugar #11 Futures (Analaysis 44-1)

Recap (Week 46) Take Profit - 2 level


This week recap

Long position reached Take Profit - 3 level where we close our position fully.



EUR/AUD (Analysis 1-2)

Short position reached Take Profit - 2 level where we announced to close / partial.



AUD/NZD (Exclusive Trade) Long at market

Long position closed early near Take Profit 1 level.



Trade Setup / Analysis


USD/JPY (Analysis 2-1)

Long opportunity: Break and retest of resistance at 103.96 region towards 104.75.

Short opportunity: Break and retest of support at 103.67 region towards 102.985 and to reduce risk when price reaches 103.385.



NZD/CHF (Analysis 2-2)

Long opportunity: Break and retest of resistance at 0.6415 region towards 0.6441.

Short opportunity: Break and retest of support at 0.6388 region towards 0.6364.



GBP/CAD (Analysis 2-3)

Long opportunity: Break and retest of resistance at 1.72785 region towards 1.735.

Short opportunity: Break and retest of support at 1.7201 region towards 1.71315/



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Cheers to the member who managed to pack some profits this trading week. Good profit to start of the new year.

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