Search

Week 17 - 2020. Trades review and trade set ups

Good day Trainee Traders,

All the markets seem to be in the consolidation phase other than Gold. With Kim Jong Un reportedly in the critical phase. It will be crucial what North Korea next step will be. (his sister looks scary).


DXY

We have an engulfing on a rejection of trendline. We can potentially see further upside on the upcoming week.


Trade Recap USD/CAD

Reasons: Double top pattern with neckline broken

Rejection candle at neckline - support turned resistance


Trade Setup


EUR/AUD

Broke consolidation period

Potential retest of previous support turned resistance area.

Bearish outlook


AUD/JPY

Respecting uptrend line.

Approaching resistance.

Looking to long once resistance is breached


That is all for this week post. Trade safe but most importantly stay safe all!


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

Closed off Premium Group Signal (February) with +10.22%

Closed off Premium Group Signal (March) with -3.89%

1 view0 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