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Week 21 - 2020. Trades review and trade set ups

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.


S&P500

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)

GBP/CHF


Reasons:

Double top formation with retest


Trade Setup


AUD/JPY

Reason:

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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