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Week 30 - 2021. Trades review and trade set ups

Hey Traders,


Equities continues to dominate the market with the S&P500 Indices breaking new high with last week's dip buyers despite this week's US PMI lower than expected result. Next week would be a heavy week with the FOMC statement and busy earnings report from companies.


Upcoming Economic Release:

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



Dollar Index (DXY)

The dollar fell back to the 92.74 region support region with a minor reversal possibly indicating further upside possibly towards the 94.0 region.



Spot Gold (XAU/USD)

Gold fell back to support region as well at 1795 region. A breakout of the support region may push price further towards the 1770 region with a minor head and shoulders confirmation.


Trade Recap


Corn Futures (Analysis 28-2)


Recap (Week 28 - 2 Weeks Ago) Take Profit - 1


Recap (Week 29 - Last Week) Take Profit - 2

Long position reached Take Profit - 2 level where we announced to close / partial.



GBP/JPY (Analysis 29-2)


Recap (Week 29 - Last Week) Take Profit - 4

Short position reached Take Profit - 4 level where we announced to close fully.



GBP/JPY (Exclusive Trade)


Recap (Week 29 - Last Week) Take Profit - 2

Long position reached Take Profit - 2 level where we announced to close / partial.



AUD/USD (Analysis 28-1)


Recap (Week 28 - Two Weeks Ago) Take Profit - 1


Recap (Week 29 - Last Week) Take Profit - 2

Short position reached Take Profit - 2 level where we can close / partial.



EUR/JPY (Analysis 29-4)


Recap (Week 29 - Last Week) Stopped

Long position stopped out.



Trade Setups / Analysis


AUD/CAD (Analysis 30-1)

Short opportunity: Break and retest confirmation at 0.9255 region towards 0.9222.



NZD/CAD (Analysis 30-2)

Short opportunity: Short at market reopen if there is no price gap above 0.8780 region, with first Take Profit target at 0.8723.



Soybean Oil Futures (Analysis 30-3)

Long opportunity: Break and retest confirmation at 65.65 region towards 67.80.



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