Search

Week 13 - 2021. Trades review and trade set ups

Hey Traders,


The Dollar continues it's ascend and ended the week strongest among the G20 currencies. Stock indices are mixed as small caps lags while the larger caps ended the week near the all time high.


Next week's main highlight would be the OPEC-JMMC Meetings and the US Unemployment Rate.



Dollar Index (DXY)

The dollar breakout towards the upside but will it hold?



Spot Gold (XAU/USD)

Gold continues trading in consolidation giving us no guidance as to where price is heading towards. However, price trading near the range of the trend line, poising for a break out.




Trade Recap



NZD/CAD (Analysis 11-1)


Recap (Week 12 - Last Week) Take Profit - 2 level

Short position reached Take Profit - 2 level where we announced to close fully.



NZD/JPY (Exclusive Trade)


Recap (Week 12 - Last Week) Take Profit - 1 level

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



GBP/JPY (Exclusive Trade)


Recap (Week 12 - Last Week) Take Profit - 1 level

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


Soybean Oil (Exclusive Trade)


Recap (Week 10 - 2 Week ago) Take Profit - 5 level

Recap (Week 12 - Last Week) Take Profit - 6 level

Long at market position reached Take Profit - 6 level where we announced to close / partial.



Trade Analysis / Setups


USD/CAD (Analysis 13-1)

Short opportunity: Break and retest confirmation at 1.2547 region towards 1.2463.


GBP/USD (Analysis 13-2)

Long opportunity: Break and retest confirmation at 1.385 region towards 1.38685.


Short opportunity: Break and retest confirmation at 1.3757 region towards 1.36785.



GBP/JPY (Analysis 13-3)

Long opportunity: Retest confirmation at 150.345 region towards 151.275.



EUR/AUD (Analysis 13-4)

Short opportunity: Break and retest confirmation at 1.5447 region towards 1.5347.



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

Cheers to the 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!

9 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