[Week 40 - 2021] Trades Recap and Trade Setups

Hey Traders,

Stock indices fell earlier on in the week with the Dollar increased in strength with concerns of rising yield. However, stock indices recovered some of the move on Friday but would it able to maintain the bullish strength next week.

Upcoming Economic Release:

Credit: ForexFactory.com Time: +8GMT

Dollar Index (DXY)

As mentioned in our previous post, the dollar rose to the 94.0 region and is now near the key resistance region at 94.5. A breakout confirmation will increase the likelihood of the dollar increasing in strength with a reversal may signal a move back to the 92.0 region.

Spot Gold (XAU/USD)

The dollar reversed from the 1730 support region and could signal a move to 1780 region with a standard consolidation period pattern structure.

Trade Recap

WTI Crude (Analysis 37-3)

Recap (Week 38 - 2 Weeks Ago) Take Profit - 2

Recap (Week 39 - Last Week) Take Profit - 3

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

AUD/JPY (Analysis 38-3)

Recap (Week 38 - 2 Weeks Ago) Take Profit - 2

Recap (Week 39 - Last Week) Take Profit - 3

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

Natural Gas (Analysis 39-3)

Recap (Week 39 - Last Week) Take Profit - 2

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

EUR/USD (Exclusive Trade)

Recap (Week 37 - Last Week) Take Profit - 3

Recap (Week 39 - Last Week) Take Profit - 4

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

AUD/CAD (Analysis 38-4)

Recap (Week 38 - 2 Weeks Ago) Take Profit - 3

Recap (Week 38 - Last Week) Take Profit - 4

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

Trade Analysis / Setups

CAD/JPY (Analysis 40-1)

Long opportunity: Break and retest confirmation at 88.28 region towards 88.81 as Take Profit - 1 level.

Short opportunity: Break and retest confirmation at 87.618 region towards 87.062 as Take Profit - 1 level.

AUD/NZD (Analysis 40-2)

Long opportunity: Break and retest confirmation at 1.04915 region towards 1.05433 as Take Profit - 1 level.

Short opportunity: Break and retest confirmation at 1.04598 region towards 1.04150 as Take Profit - 1 level.

EUR/JPY (Analysis 40-3)

Long opportunity: Break and retest confirmation at 129.033 region towards 129.675 as Take Profit - 1 level.

Short opportunity: Break and retest confirmation at 128.620 region towards 127.990 as Take Profit -1 level.

Sugar No.11 Futures (Analysis 40-4)

Long opportunity: Break and retest confirmation at 20.3 region towards 21.0 as Take Profit - 1 level.

Short opportunity: Break and retest confirmation at 19.5 region towards 18.88 as Take Profit - 1 level.

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

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