Trading retrospection #4 – August 2024

This page is based on the potential trading setups covered here – https://greedy.ro/2024/08/08/forex-potential-trading-setups-4/

DXY

For DXY, this was the expected move –

And the price did went in that direction.

We are close to the support trendline so we could see a pullback from here.

XAUUSD

This was the anticipated move on gold since last week and we saw the retracement happening.

I took a long position and already closed it with TP.

Now, the expectation is to see a retracement after this ATH and re-enter, but that will be covered in the next potential trading setup post.

SPX

This was the expectation for SPX last week –

And this was the move, but the price skyrocketed due to the PPI/CPI news and we haven’t got the chance to see a retest.

BTCUSD

Last week I said that BTC should retest 63k on daily but I will not take a short on it.

This is what BTC has done since then – a very very good retest of that point and a rejection but it’s still looking bullish so I will not be looking for shorts. I’ll actually probably open a long position on smaller timeframes.

By admin