Search

Week 1 - 2022. Trades review and trade set ups

Hey Traders,


The final week of 2021 has no significant movement in the market with a relatively thin market as everyone is enjoying the holidays. I hope everyone closed off their books profitably and let's get ready for 2022!

gif

Upcoming Economic Release:

(Credit: ForexFactory.com Time: +8 GMT)



Dollar Index (DXY)

The dollar continues trading within the range but is at the lower bound of the rectangle. Dollar looks ready for some retracement but unless the 95.5 region is broken, shorting the dollar is not recommended.



Spot Gold (XAU/USD)

Gold took advantage of the quiet market and pushed upwards closing off at a recent high of 1828. Structure resistance is at 1843 region where price could potentially retracement.



Trade Recap


AUD/JPY (Analysis 51-2)

Recap (Week 51 - 2 Weeks Ago) Take Profit - 2

Recap (Week 52 - Last Week) Take Profit - 3

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



EUR/JPY (Analysis 47-1)

Recap (Week 51 - 2 Weeks Ago) Take Profit - 1

Recap (Week 52 - Last Week) Take Profit - 2

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



Cotton #2 (Exclusive Trade)

Recap (Week 51 - 3 Weeks Ago) Take Profit - 1

Recap (Week 52 - Last Week) Take Profit - 2

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


Trade Analysis / Setups


NZD/CAD (Analysis 1-1)

Long opportunity: Reversal confirmation at 0.86235 region towards 0.87080.



GBP/JPY (Analysis 1-2)

Short opportunity: Break and retest confirmation at 154.96 region towards 154.065.


---------------------------------------------------------------------------------------- Cheers to all our member who managed to pack some profits this trading week.


Join our telegram channel at: https://t.me/traineetraders

Instagram: https://www.instagram.com/trainingtraders/

Facebook: https://www.facebook.com/trainingtraders


Stay safe out there and safe trading!

16 views0 comments

Recent Posts

See All

Hey Traders, Risk on assets continues its rise with major indices reaching a key 50% retracement level and up for the 4th consecutive week. Yield are actually up despite from the release of the CPI re

Hey Traders, Commodity prices such as corn, soybean and even crude oil fell throughout the week possibly giving more risk on attitude in the market as stock indices continue to soar. However, interest

Hey Traders, Its the month end again and we see the stock indices closed off the week in the green. The key concern right now is that the US is could be entering a stagflation as inflation rises with