[Week 21 - 2020] Trades Recap and Trade Setups

Updated: Sep 20

Good day Trainee Traders,

I am seeing some optimism in the market as the indices edges higher but still within the consolidation range. USOil has a decent recovery as well as we are near the final notice date.


Trade Recap

Last week, we talked about GBPJPY as we are looking for a short opportunity but it did not present it self but instead showed a more bullish signal.

GBP/JPY (previous post)

GBP/JPY (last week)



Double top formation with retest

Trade Setup



Break of rising wedge towards the downside with retest

Looking for a rejection at resistance area

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


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