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Week 09 - 2021. Trades review and trade set ups

Hey Traders,


Last week, market hit a bit of turbulence as money flows towards risk off assets due to the concern over inflation resulting in the rise of interest rate / yield. Stock indices and risk on currency like AUD got hammered. Most commodity are lying on support level which could be a potential buy.



Dollar Index (DXY)

The rise in yield has strengthen the dollar however the dollar index is still trading within though upper side of the consolidation. Key level for upside movement would be the break out confirmation of 91.21 region while downside would be the break out confirmation at 90.06 region.



Spot Gold (XAU/USD)

Similarly, the rise in yield has caused a breakout of gold towards the downside as we broke November low. Expect some light retracement towards 1764 region, any reversal of the mentioned resistance or the descending trend line could poised more movement towards the downside.




Trade Recap


AUD/JPY (Exclusive Trade)


Recap (Week 7 - Last week) Take Profit - 3 level

Recap (Week 8 - This Week) Take Profit - 4 level

Long position reached Take Profit - 4 level where we announced to closed / partial.



Soybean Oil (Exclusive Trade)


Recap (Week 8 - This Week) Take Profit - 2 level

Long at market position reached Take Profit - 2 level where we announced to closed / partial.



CAD/JPY (Exclusive Trade)


Recap (Week 7 - Last week) Take Profit - 3 level


Recap (Week 8 - This Week) Take Profit - 4 level

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



XAU/USD (Exclusive Trade)


Recap (Week 8 - This Week) Take Profit - 1 level

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



AUD/NZD (Exclusive Trade)


Recap (Week 8 - This Week) Take Profit - 2 level

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




Trade Analysis / Setups


CAD/JPY (Analysis 9-1)

Long opportunity: Break and retest confirmation of resistance 83.92 region towards 84.375.



EUR/JPY (Analysis 9-2)

Long opportunity: Reversal confirmation at 128.41 region towards 129.38.

Short opportunity: Break and retest confirmation of support at 128.41 region towards 127.495.



Copper Futures (Analysis 9-3)

Short opportunity: Break and retest confirmation of support at 4.0855 region towards 3.9265.



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Cheers to the member who managed to pack some profits this trading week.

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