✍️ Weekly Trade Plan & Recap 11th - 15th Mar
Is WTI Oil about to dump? New Highs in Gold and more profit scaled. Plus analysis for the DXY, EURUSD, Gold, Silver, Copper, Bitcoin and Natural Gas.
Last Week
In terms of gains, we had a decent week despite a scratch and a loss on the S&P 500.
As Gold rocketed and made new highs we scaled a further 15% off our swing long positions that were initiated way back in October.
The daily chart below shows the entries and exits since October last year. Incidentally, all of these trades can be verified by looking at previous newsletters.
Worldcoin (WLD/USDT)
This Crypto gave a nice surprise on Saturday morning.
I originally posted this setup in the Substack chat. It was a typical triangle setup, but this time price action on the lower timeframes and the hype surrounding this coin gave me a heads-up that I may want to keep the stoploss well out of the way, so we opted for an emergency stop at $4.
That turned out to be the right thing to do, as the triangle was spiked downwards first, before recovering and finally pumping on Saturday morning. Here’s the 1 hour chart posted just after profit had been taken.
More on Cryptos later in this newsletter…
Is WTI Oil About To Dump?
Here’s a swing setup on WTI Crude Oil that was posted to members last week and is still in progress.
We were looking for a Bull Trap to take trader’s stops at the big 80 level and then reverse back down to 74.60 and potentially 68.
Yes, given the Bear Channel and Bull Trap on this one, I do think Oil will at least dump to target 1 which is the confluence of the bottom of the channel, the Price Pivot Zone and minor Demand.
If you like my style of trading and want to receive these setups ahead of time, consider becoming a subscriber.
Now let’s move on to the members’ section where we’ll cover the outlook for the DXY, Euro, Gold, Silver, Copper, Natural Gas and Bitcoin 👇🏼👇🏼👇🏼