.png)
Hey Traders,
Stock struggles to keep momentum going as Amazon earnings release fails to meet expectation, dragging indices down and closing the week in the red. Next week will be a busy week as economic news are packed with high impact releases.
Upcoming Economic Release:
(Credit: ForexFactory.com Time: +8GMT)
Dollar Index (DXY)
The dollar fell back to key support report at 92.0 after failing to continue to push higher. A breakout confirmation of the support could signal further weakening of the dollar.
Spot Gold (XAU/USD)
Earlier the week, Gold managed to trade towards the recent high at 1830 region but failed to hold as price dipped forming a double top. Price could potentially fall back to the 1795 range, and back to the consolidation range.
Trade Recap
GBP/JPY (Exclusive Trade)
Recap (Week 29 - 2 Weeks Ago) Take Profit - 2
Recap (Week 30 - Last Week) Take Profit - 4
Long position reached Take Profit - 4 level where we announced to close / partial.
NZD/CAD (Analysis 30-2)
Recap (Week 30 - Last Week) Take Profit - 2
Short position reached Take Profit - 2 level where we announced to close / partial.
Trade Analysis / Setups
USD/CAD (Analysis 31-1)
Long opportunity: Break out confirmation at 1.2480 region towards 1.25385.
Short opportunity: Break and retest confirmation at 1.24425 region towards 1.23635.
EUR/JPY (Analysis 31-2)
Long opportunity: Break and retest confirmation at 130.48 region towards 131.05.
Short opportunity: Break and retest confirmation at 129.655 region towards 128.90.
AUD/JPY (Analysis 31-3)
Short opportunity: Retest confirmation at 80.695 region towards 80.13.
----------------------------------------------------------------------------------------
Cheers to all our member who managed to pack some profits this trading week.
Join our telegram channel at: https://t.me/traineetraders
Instagram: https://www.instagram.com/trainingtraders/
Facebook: https://www.facebook.com/trainingtraders
Stay safe out there and safe trading!
Comentários