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[Week 03 - 2022] Trades Recap and Trade Setups

Updated: Sep 20

Hey Traders,


Earlier the week, the dollar weakened with stock indices as the market expected a bad retail sales but did not spark any big moves upon release. The dollar and indices recovered some of the moves at the end of the week.


I have an interesting find earlier this week as the below chart hints how expensive stocks has become and could potentially signal a potential correction that all of you should be wary of. When most of the money in the market is invested, there is no new money coming in to fuel the bull run.


Upcoming Economic Release:

(Credit: ForexFactory.com Time: +8 GMT)



Dollar Index (DXY)

Dollar fell back to the neckline of the inverse double head and shoulders pattern. This is a textbook breakout and retest buying potential. Look for entries in the lower time frame


Spot Gold (XAU/USD)

Gold continues to push higher but still trade below 1830 region. A breakout of this resistance could push price higher.



Trade Recap


USD/CAD (Analysis 2-2)

Recap (Week 02 - Last Week) Stopped

Long at market position stopped out.



Trade Analysis / Setups


EUR/USD (Analysis 3-1)

Long opportunity: Retest confirmation at 1.13713 region towards 1.15297.



AUD/JPY (Analysis 3-2)

Long opportunity: Break and retest confirmation at 82.467 region towards 83.0


Short opportunity: Break and retest confirmation at 82.113 region towards 81.607.



Corn - Front Month (Analysis 3-3)

Long opportunity: Retest confirmation at either 592.5 or 596.5 region towards 609.5.



Sugar #11 - Front Month (Analysis 3-4)

Long opportunity: Breakout confirmation at 18.48 region towards 19.18.


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Unfortunately, our only trade this week got stopped out which is part and parcel of trading. Let's recover it with this week new setups.


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Stay safe out there and safe trading!

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