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Week 22 - 2020. Trades review and trade set ups

Good day Trainee Traders,


Market overall remains optimistic as the AUD rallies while the JPY falls. Good long for AUDJPY last week. USOil continues their recovery while the USDCAD falls in value due to their inverse relationship.


Trade Recap


GBP/AUD


Reasons:

Double top with neckline retested


Trade Setup


USD/CAD

Reason:

Break of descending triangle Awaiting retest for value position


AUD/USD

Reason:

Price at one of the major resistance level

Will look for a short only when the trendline is broken


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

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