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Week 10 - 2021. Trades review and trade set ups

Hey Traders,


Market is still in the dilemma as the rise of yield continues to spur the sell of in technology stocks. However, the US government just passed the stimulus bill and is likely to push stocks higher (with lots more initiative as well). In the longer term timeframe, the drop in stocks indices is still regarded as a healthy correction.



Dollar Index (DXY)

The rise in yield resulted in the stronger dollar. However, price is now at one of key resistance area. I am not too optimistic about the dollar as more money are being pumped into the US economy.



Spot Gold (XAU/USD)

Gold had faced a technical breakout of the November low. Will be expecting some retracement towards the 1765 region as the bearish momentum slows down.



Trade Recap


EUR/JPY (Analysis 9-2)


Recap (Week 9 - Last week) Take Profit - 1 level

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



AUD/JPY (Exclusive Trade)


Recap (Week 9 - Last week) Take Profit - 1 level

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



EUR/NZD (Exclusive Trade)


Recap (Week 9 - Last week) Take Profit - 1 level

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



GBP/NZD (Exclusive Trade)


Recap (Week 9 - Last week) Take Profit - 2 level

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



Soybean Oil Futures (Exclusive Trade)


Recap (Week 8 - Last week) Take Profit - 2 level


Recap (Week 9 - This Week) Take Profit - 3 level

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



Trade Analysis / Setups


AUD/NZD (Analysis 10-1)

Long opportunity: Break and retest of resistance region at 1.0758 towards 1.07965.


Short opportunity: Break and retest of support region at 1.0725 towards 1.0675.



EUR/CAD (Analysis 10-2)

Long opportunity: Upon breakout of 1.5127 region inclusive of trend line break.



Copper Futures (Analysis 10-3)

Long opportunity: Break and retest confirmation of 4.0855 key area towards 4.226, being above trend line.


Short opportunity: Break and retest confirmation of 4.0855 key area towards 3.9265, being below trend line.



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

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