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EURUSD – SPOT: Selling On Retracement & After Price Action Signal
Price Action: Price formed a Bullish Pin Bar Signal late last week (We are not considering trading this signal).
Price moved briefly higher from the prior Bullish Pin Bar Signal that had formed on Thursday, Sep 29th (We did not consider trading this signal, nor did we mention it).
The recent Bearish Inside Bar + Pin Bar (Combo Setup) that had formed early last week, failed (We did not consider trading this setup).
Potential Trade idea: We are considering selling on a retracement higher and after a price action sell signal, whilst price remains under the 1.0051 – 1.0198 short-term resistance area, which concedes with the recent Bearish Pin Bar Signal that had formed on Monday, Sep 12th (Currently Active).
NOTE – You can trade Spot EURUSD via the trading platform we use HERE.
GOLD – SPOT: Selling On Retracement To Within The Range Of Bearish Multi-Bar Fakey Setup
Price Action: Price formed a Bearish Pin Bar Signal late last week (We are not considering trading this signal).
Price moved briefly higher from the recent Bullish Pin Bar Signal that had formed late last week (We did not consider trading this signal, nor did we mention it).
Price moved lower from the Bearish Multi-Bar Fakey Setup that had formed mid-last week (We suggested selling on a breakdown of this setup in the Sep 22nd, members’ daily newsletter).
Potential Trade Idea: We are considering selling on retracement higher to within the range of the most recent Bearish Multi-Bar Fakey Setup that had triggered late last week (Currently Active), which concedes with the $1680 – $1688 short-term resistance area.
NOTE – You can trade Spot GOLD via the trading platform we use HERE.
CRUDE OIL – Futures: Selling On Retracement Whilst Price Remains Under Bearish Pin Bar Signal
Price Action: Price moved briefly higher from the Inside Bar Pattern that had formed early last week (We did not consider trading this pattern).
Price exploded lower from within the range of the prior Bearish Pin Bar Signal that had formed just under the $86.23 short-term resistance level, mid-last week (We suggested selling on a retracement higher into the range of this signal in the Sep 22nd, daily newsletter and hopefully some traders got on board).
Potential Trade Idea: We are considering selling on a retracement higher whilst price remains under the prior Bearish Pin Bar Signal that had formed just under the $86.23 short-term resistance level, on Wednesday, Sep 21st (Currently Active).
NOTE – You can trade CRUDE OIL Futures via the trading platform we use HERE.
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Chart Commentary Disclaimer: Nial Fuller’s and Learn To Trade The Market’s analysis and comments below should not be considered financial advice or a recommendation to trade or invest in any financial product. Your personal financial circumstances and risk limits have not been taken into consideration in the below analysis and comments. This newsletter is for general educational purposes only. Do not blindly buy and sell the financial products discussed in this newsletter. Always do your own analysis and research and be expressly aware of the risks and rewards in trading or investing in any financial product.
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