top of page
Search

[Week 51 - 2021] Trades Recap and Trade Setups

Updated: Mar 28, 2023

Hey Traders,


The concern of inflation continues on as the expectation for a rate hike in March rose to over 56%. Risk on assets fell sharply later on the week despite the boost after the FOMC release. As next week economic calendar is very light with Christmas season around the corner, expect either lighter volume / liquidity.


Upcoming Economic Release:

Weekly Economic Calendar for Week 51
Credit: ForexFactory.com Time: +8GMT

Dollar Index (DXY)

Dollar reverses from consolidation support

The dollar continues consolidating sideways. Lookout for any breakout confirmation that would signal the next short term trend.



Spot Gold (XAU/USD)

Gold reverses from key resistance level

Gold enjoying the bullish ride from the FOMC, aligning with the seasonal trend for gold which can potentially last till Feb'2022.



Trade Recap


USD/JPY (Analysis 49-1)

USDJPY Analysis

Recap (Week 50 - Last Week) Take Profit - 1

USDJPY reached Take Profit (1) level

Long position reached Take Profit - 1 level where we announced to close / partial / risk free.



NZD/CAD (Analysis 50-3)

NZDCAD Analysis

Recap (Week 50 - Last Week) Take Profit - 3

NZDCAD reached Take Profit (3) level

Long position reached Take Profit - 3 level where we announced to close / partial.



Cotton #2 (Exclusive Trade)

Cotton #2 Futures Analysis

Recap (Week 50 - Last Week) Take Profit - 1

Cotton #2 Futures reached Take Profit (1) level

Long at market position reached Take Profit - 1 level where we announced to close / partial / risk free.



Trade Analysis / Setups


GBP/JPY (Analysis 51-1)

GBPJPY Analysis

Long opportunity: Breakout confirmation at 150.732 region towards 152.446 as Take Profit - 1 level.



AUD/JPY (Analysis 51-2)

AUDJPY Analysis

Long opportunity: Reversal confirmation at 80.492 region towards 81.607 as Take Profit - 1 level.


Short opportunity: Break and retest confirmation at 80.492 region towards 78.841 as Take Profit - 1 level.



Sugar #11 (Analysis 51-3)

Sugar #11 Futures Analysis

Long opportunity: Reversal confirmation at 18.88 region towards 19.5 as Take Profit - 1 level.


 

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


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


Stay safe out there and safe trading!

25 views0 comments

Comments


bottom of page