Search

Week 13 - 2020. Trades review and trade set ups

Good day Trainee Traders,


Last week post I talked about the US dollar possibly retracing or reversal and the analysis was spot on. This week I am expecting more USD weakness.


Trade Recap


USD/CAD

Descending triangle breakout below

Support turned Resistance reversal


Trade Setup


USD/JPY

Downtrend confirmation.

Awaiting for retest at level 108.32 or 109


AUD/USD

Awaiting retest at trendline and resistance turned support level @ 0.60765


That is all for this week. Trade safe!

----------------------------------------------------------------------------------------

Closed off Premium Group Signal with +10.22%






Free trading signals: https://t.me/traineetraders


Current promotion: Trade with best broker that provide you with the lowest spread: IC Markets. Register and start trading with the link below and get a 1 month access to my Premium group: https://www.icmarkets.com/?camp=44732


2 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