Week 5 - 2020. Trades review and trade set ups

Good day TT,

The coronavirus seem to be worsening within China but there is a possible breakthrough in curing it. However, is the stock market decline due to the virus? Will this glimpse of hope, allow the risk assets to continue the rally? This week would be very interesting.

Now let me start with the few trades that I have done and was released on my signal


Short Reasons: Overall trend is bearish (top down) Daily chart with head and shoulders pattern, broken neckline Strong resistance (weekly and daily)


Long Managed to stay above resistance Double bottom and broke neckline Price rejected being below 50EMA on daily Price managed switched and stay above 50EMA on 30mins

Trade setup

Soybean is at the level of key support right now. Will look for reversal patterns and confirmations before going long.

As discussed earlier, this week will be very interesting to see how well the S&P perform. Price is reaching the trend line support. Will it manage to break below with all the important earning release scheduled next week?

If you are interested in the signal group. Please head to the contact me here and express your interest.

Safe trading!

1 view0 comments

Recent Posts

See All

Hey Traders, Risk on assets continues its rise with major indices reaching a key 50% retracement level and up for the 4th consecutive week. Yield are actually up despite from the release of the CPI re

Hey Traders, Commodity prices such as corn, soybean and even crude oil fell throughout the week possibly giving more risk on attitude in the market as stock indices continue to soar. However, interest

Hey Traders, Its the month end again and we see the stock indices closed off the week in the green. The key concern right now is that the US is could be entering a stagflation as inflation rises with