[Week 11 - 2020] Trades Recap and Trade Setups

Updated: Sep 20

Good day TTs,

Risk off continues but we managed to closed higher before the market close on Friday yet again from covering. (not surprising). Suspect the rise due to FED's pump into the market.

Expecting market to be bearish still until we have positive news regarding the COVID19.

Trade Recap



Broke trendline

Retest trendline as resistance

Resistance level @ 69.00

Trade Setup

Price is now at the region of key resistance area. Expecting price to do a retracement to key trendline area before surging higher .


Price has a false breakout on the lower descending trendline channel. Expecting price to rally towards the upper trendline of the channel before coming down.

That is all for this week. Stay safe!

---------------------------------------------------------------------------------------- Closed off Premium Group Signal with +10.22%

Free trading signals:

1 view0 comments

Recent Posts

See All

Hey Traders, The FOMC release last week caused a huge panic in the market as the FED indicated higher interest number in the dot plan. The market now has the growing belief that the FED will tighten t

Hey Traders, Market risk off sentiment came back after the the release of the anticipated CPI report. Report came higher than what was expected and threw the market back into risk off sentiment, pushi

Hey Traders, Equities enjoyed a strong rally, retracing a significant portion of the move it suffered from the prior week. This is also the first gain in five weeks. CPI will be the key headline every