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[Week 45 - 2021] Trades Recap and Trade Setups

Updated: Sep 20

Hey Traders,


November euphoria was showing through out the week with a better than expected Non-farm payroll report and with most US Indices breaking new high and most notably the Russell, which rose over 6% last week. Gold also climbed with the yield falling, increasing over $50 last week.


Upcoming Economic Release:

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


Dollar Index (DXY)



Spot Gold (XAU/USD)

Benefitting from the fall in yield throughout the week. Gold rebound from the support level at 1760 region and ending off the week with an increment of over $50 from the recent low at 1760 and on track to reach 1830 region.


The 1830 region is also the region of the descending trend line which is the key level traders should look out for.


Trade Recap


Spot Gold (Exclusive Trade)


Recap (Week 44 - Last Week) Take Profit - 4

Long at market position reached Take Profit - 4 level where we announced to close fully.



Trade Analysis / Setups


GBP/USD (Analysis 45-1)

Long opportunity: Break and retest confirmation at 1.35074 region towards 1.3558.



GBP/JPY (Analysis 45-2)

Long opportunity: Breakout confirmation at descending trend line towards 154.66.



NZD/CAD (Analysis 45-3)

Long opportunity: Break and retest confirmation at 0.88837 region towards 0.8949.


Short opportunity: Break and retest confirmation at 0.88235 region towards 0.87778.



Cotton No.2 - Front month (Analysis 45-4)

Long opportunity: Break out confirmation at descending trend line towards 119.52.



Soybean Oil - Front month (Analysis 45-5)

Long opportunity: Break and retest confirmation at 59.65 region towards 61.44

Short opportunity: Break and retest confirmation at 59.01 region towards 57.27.


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Cheers to all our member who managed to pack some profits this trading week.


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Stay safe out there and safe trading!

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