- SpaceX Wins $2.9 billion Bid To Build A Lunar Landing System
- Last Week In The Forex Markets
- Top 3 Pairs For Next Week
- NEWSFLASH: The Social Trader’s Course Affiliates
In the aerospace industry, we have witnessed history with SpaceX winning a $2.9 billion NASA contract, which is aimed to ferry astronauts to and from the moon, while NASA conducts operations on the moon.
Blue Origin (Jeff Bezos aerospace company) who had recently teamed up with other aerospace giants such as Lockheed Martin, Northrop Grumman and Draper, were also fighting for the contract from NASA but were beaten by Elon Musk’s formidable team and engineers behind SpaceX.
It has been said that the first human missions to the moon will harbour a crew, within that crew there will be a woman, she will be the first women to have stepped on the moon.
Currently NASA are aiming to be mission ready by 2024.
They will have to prove to NASA that they can land Starship on the moon. This may prove a challenging task for SpaceX but Elon Musk has expressed he feels this is ‘doable’ within the time frames set for this mission.
There is no doubt SpaceX has made huge leaps in the aerospace industry, they are planning to as a joint NASA operation, send humans to the moon again but this time for good.
With several trips being made, ferrying astronauts from earth to the moon this may be the much-needed push we needed to explore and venture into space.
USDCHF is a pair we trade from time to time at TST.
Here we can see on the 1hr time frame that price action is looking to counter trend.
To capitalise on this, we have used a break of structure signifying liquidity had just been taken from this pair.
We know most likely mitigation will occur, to identify this we have looked to use a Fibonacci level (78.6%) and the use of an area of interest where price will most likely respect before pushing away.
We locked in profits and left the trade to do its own thing.
NZDUSD: [Break Even]
NZDUSD last week was looking like a great move to be had, unfortunately, we just didn’t see that push we desired.
Using a dynamic trend line and reading pure price action we can see that price has created a new low breaking structure. Typically after a movie like this, we will see a push higher (not breaking the previous high) to ready itself to the downside.
Subsequently, we did not get the push we were hoping for but luckily we saw enough bearish momentum to break even this trade.
Every Saturday we send a ‘Market Breakdown’ to our Pro Members.
This week we have been looking at GBPCHF.
This pair hasn’t been the easiest to read as of late, but breaking it down we can see that this pair has broken previous highs.
Then we can see the market has come down and had a reaction at the double bottom that was in play but shortly after this level was broken creating a new low.
Our next area of interest is the origin point of the impulse which gave us the previous major high.
What we will be looking for is a slow down into the area of interest, once we see that it will be key to see the right price action otherwise this trade could become invalidated. With the right patience, we could get a lovely move on our hands.
Another setup we are keeping close eyes on going into next week is the DXY.
The DXY has been giving us no clear direction after printing a major high at the beginning of the month. It has been rather bearish since then but now we are anticipating a bullish sequence to follow.
We have a descending channel in play which has to lead us to a key structure point, also being a double bottom scenario.
Here we can expect to see a reaction potentially pushing us up to the gap to fill in the markets.
As always with the DXY we can correlate this to the relevant pairs to execute trades.
USDJPY is looking great heading into next week.
We can see there is a descending channel in play, price action has pushed us out of structure causing a fake-out.
We are simply looking to trade the retest of the structure giving us a clean entry to hopefully take this trade to the upside.
Do be careful when trading this setup as we would want to see a confirmation candle or clear momentum change in price action to take this move.
Looking a little closer to home, we thought it would be fitting to show you guys our affiliate program we have introduced for The Social Traders Course.
We are giving all affiliates a competitive and fair commission for people they bring into the community.
Family, friends, your girlfriend, or boyfriend? Anyone looking to learn a skill set for life, or potentially a skill set to change their future, then this will allow you to make some extra cash each month for doing what you love and to introduce more people to our ever-growing community.
With consistent updates and new content being made we really want to offer our community the best.
£34.99 Package – 33% recurring for every month the client stays subscribed.
£24.99 Package – 33% recurring for every month the client stays subscribed.
£500 Trading Account – £150 – Client must complete at least 15 live trades. Net 30
£1000 Trading Account – £225 – Client must complete at least 15 live trades. Net 30
£3000 Trading Account – £300 – Client must complete at least 15 live trades. Net 30
Why not check out our ‘pro package’? You will gain access to our in-depth course as well as many more features – www.thesocialtraders.com
Looking for a reliable broker with raw spread accounts and 1:500 leverage? Try our partnered broker – https://www.axitrader.com/uk/live-account?token=IDUZ-LFrugU5oKniM-HhFmNd7ZgqdRLk&affid=7138
We thank you for reading this week’s addition to the TST Newsletter, have a great trading week, and stay consistent. – ‘The Social Traders Team’