[Week 2 - 2020] Trades Recap and Trade Setups

Good day TT,

Last week was a very active week. With the US and Iran conflict etc. Now let’s head right up to the trades that I have done last week.

The rise and ease of tension last week has made the market react in a panic.

First, I will be sharing about Gold and S&P futures. The top products that has one of the most influence with the recent headlines.

Gold having reached one of the key level of resistance, reversed down and closed red for the week. Leaving a huge pin bar. I have closed my long positions and has shorted near the high of last week (phew!). Stop loss is at breakeven point now and I will be looking for opportunities to go short for Gold.

Reason: Weekly bearish pin bar Reversed from key resistance (weekly) Severely overbought