[Week 30 - 2021] Trades Recap and Trade Setups

Hey Traders,

Equities continues to dominate the market with the S&P500 Indices breaking new high with last week's dip buyers despite this week's US PMI lower than expected result. Next week would be a heavy week with the FOMC statement and busy earnings report from companies.

Upcoming Economic Release:

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

Dollar Index (DXY)

The dollar fell back to the 92.74 region support region with a minor reversal possibly indicating further upside possibly towards the 94.0 region.

Spot Gold (XAU/USD)

Gold fell back to support region as well at 1795 region. A breakout of the support region may push price further towards the 1770 region with a minor head and shoulders confirmation.

Trade Recap

Corn Futures (Analysis 28-2)

Recap (Week 28 - 2 Weeks Ago) Take Profit - 1

Recap (Week 29 - Last Week) Take Profit - 2

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

GBP/JPY (Analysis 29-2)

Recap (Week 29 - Last Week) Take Profit - 4

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

GBP/JPY (Exclusive Trade)

Recap (Week 29 - Last Week) Take Profit - 2

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

AUD/USD (Analysis 28-1)

Recap (Week 28 - Two Weeks Ago) Take Profit - 1

Recap (Week 29 - Last Week) Take Profit - 2

Short position reached Take Profit - 2 level where we can close / partial.

EUR/JPY (Analysis 29-4)

Recap (Week 29 - Last Week) Stopped

Long position stopped out.

Trade Setups / Analysis

AUD/CAD (Analysis 30-1)

Short opportunity: Break and retest confirmation at 0.9255 region towards 0.9222.

NZD/CAD (Analysis 30-2)

Short opportunity: Short at market reopen if there is no price gap above 0.8780 region, with first Take Profit target at 0.8723.

Soybean Oil Futures (Analysis 30-3)

Long opportunity: Break and retest confirmation at 65.65 region towards 67.80.

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

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