top of page
Search

[Week 39 - 2024] Trades Recap and Trade Setups

Writer's picture: Tyler - Training TradersTyler - Training Traders

Hey Traders,


The FEDs cut rate by 50 basis points which shocked the market as most market participants expected only 25. Market is now pricing in for more rate cuts for this year but only if reports come in better or as expected. With the United States Dollar weakening, Gold experienced an impressive run towards the upside and is now approaching elevated level.


Upcoming Economic Release:

Weekly Economic Calendar for Week 39
Credit: ForexFactory.com Time: +8 GMT

S&P500 Futures

S&P500 trade to new high

The S&P500 trades to new high due to fundamental affirmation. Bullish trend remains strong but remains at elevated level at higher time frame. Short positions should only be considered if price falls below the 4950 region.



Dollar Index (DXY)

Dollar closed the week at key support level

The United States Dollar Index fell broke out of key support at 100.525 momentarily and closed the week back to key support region. If the key support does not hold, we can look to see price trade towards 99.365 region.



Spot Gold

Gold trades to new high

Gold continue its ascend towards the upside. The month of September has been good to gold so far but price is approaching elevated level where we will look for short opportunity.



Trade Recap (Public Channel)


No Updates



Trade Recap (Private Channel)


No Updates


Trade Analysis / Setups


EUR/USD (Analysis 39-1)

EURUSD Analysis

Analysis: Price has begun trading in consolidation. Entry can be considered if trading within the range.


Long opportunity: Reversal confirmation at 1.1008 support region towards 1.11007 as Take Profit - 1 level.



 

2024 Market Order Signal Accuracy Accuracy: 100% Wins: 11 Loss: 0

2024 Market Order Signal Accuracy (Private Channel) Accuracy: 100% Wins: 11 Loss: 0

Join our telegram channel at: https://t.me/traineetraders


Stay safe out there and safe trading!

10 views0 comments

Recent Posts

See All

Comments


bottom of page