[Week 08 - 2021] Trades Recap and Trade Setups

Hey Traders,

Last week, the rise in bond yield has investors concerned over the interest rate, causing the stock indices to suffer the longest losing streak this year. This coming week would be crucial on determining the sell off is turning into a reversal.

Dollar Index (DXY)

The dollar continues trading within the range. Breaking down below 90.06 could potentially see downside towards the lower area of the consolidation.

Spot Gold (XAU/USD)

The rise of yield has caused the gold price to fall and is testing the previous November low, potentially seeing more downside if the support level does not hold.

Trade Recap

AUD/USD (Exclusive Trade)

Recap (Week 6) Take Profit - 2 level

Recap (Week 7 - This Week) Take Profit - 5 level

Long position reached Take Profit - 5 level where we announced to close fully.

AUDUSD Overall

AUD/JPY (Exclusive Trade)

Recap (Week 6) Take Profit - 1 level

Recap (Week 7 - This Week) Take Profit - 3 level

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

AUD/NZD (Exclusive Trade)

Recap (Week 6) Take Profit - 2 level

Recap (Week 7 - This Week) Take Profit - 4 level

Long position reached Take Profit - 4 level where we announced to close fully.

AUD/NZD Overall

CAD/JPY (Exclusive Trade)

Recap (Week 6) Take Profit - 1 level

Recap (Week 7 - This Week) Take Profit - 3 level

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

EUR/USD (Analaysis 6-2)

Recap (Week 6) Take Profit - 1 level

Recap (Week 7 - This Week) Take Profit - 2 level

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

EUR/GBP (Analysis 7-1)