[Week 49 - 2024] Trades Recap and Trade Setups

Hey Traders,

November closed with strong equities with small caps stocks experiencing a sharp gain. However, nothing beats Bitcoin as it rose over 30% on the month. All of this gains experienced were mainly from the election euphoria. However as we approach December, will be get another Santa rally?

Upcoming Economic Release:

Credit: ForexFactory.com Time: +8 GMT

S&P500 Futures

The S&P500 recovered all the downside movement earlier and continued to climb higher. Bullish momentum remains strong but if price breaks below the minor support at 5725 region, price can potential push towards 5440 region. A shift to bearish sentiment will only be confirmed if price breaks below the 4950 region.

Dollar Index (DXY)

The United States Dollar index fell towards 105.525 minor support region as price move was over extended. Further downside movement is likely, or price can also likely begin trading in consolidation before the next short term trend.

Spot Gold

With an overextended move at the resistance level, Gold fell sharply towards minor support at 2625 region. To resume bullish momentum, price needs to climb back above the 2715 region.

Trade Recap (Public Channel)

No Updates

Trade Recap (Private Channel)

NZD/CAD

Prior week (Week 48) Take Profit - 2

Long at market reopening position reached Take Profit - 2 which we announced to close fully.

Gold

Prior week (Week 48) Take Profit - 2

Short at market reopening position reached Take Profit - 2 level which we announced to close / partial.

Trade Analysis / Setups

EUR/CHF (Analysis 49-1)

Analysis: Price attempts to reverse towards the upside however further confirmation is needed.

Long analysis: Break and retest confirmation at 0.93611 region towards 0.94251 as Take Profit - 1 level.

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2024 Market Order Signal Accuracy Accuracy: 100% Wins: 14 Loss: 0

2024 Market Order Signal Accuracy (Private Channel) Accuracy: 100% Wins: 13 Loss: 0

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