Search

Week 52 - 2021. Trades review and trade set ups

Hey Traders,


Merry Christmas! Last week, was a light economic week with the dollar continue trading in range while the stock market enjoyed an upside ride from the festive season. Next week economic calendar is light as well, expect a quiet market and I will talk to all of you in 2022! Have a great one!

gif

Upcoming Economic Release:

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


Dollar Index (DXY)

The dollar continues to trade in the range between 95.8 to 96.9. Expect little difference in the dollar for the upcoming week as well due to the holiday season.



Spot Gold (XAU/USD)

Gold retraces early on the week but recovered what was lost and closed the week back at 1808 region which is one of the key resistance level. A breakout confirmation at this level can potentially push price towards the region of 1843.

Trade Recap


NZD/CAD (Analysis 50-3)

Recap (Week 50 - 2 Weeks Ago) Take Profit - 3

Recap (Week 51 - Last Week) Take Profit - 4

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



AUD/JPY (Analysis 51-2)

Recap (Week 51 - Last Week) Take Profit - 2

Long position reached Take Profit - 2 level where we announced to close / partial.


EUR/JPY (Analysis 47-1)

Recap (Week 51 - Last Week) Take Profit - 1

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



Trade Analysis / Setups


GBP/CAD (Analysis 52-1)

Short opportunity: Break and retest confirmation at 1.71365 region towards 1.7073.



WTI Crude (Analysis 52-2)

Long opportunity: Reversal confirmation at either at the ascending trend line region or support region at 73.25 towards 75.39.



---------------------------------------------------------------------------------------- Cheers to all our member who managed to pack some profits this trading week. Join our telegram channel at: https://t.me/traineetraders Instagram: https://www.instagram.com/trainingtraders/ Facebook: https://www.facebook.com/trainingtraders Stay safe out there and safe trading!

27 views0 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