AUDUSD, USDJPY & CRUDE OIL – August 1st to 5th, 2022 » Learn To Trade The Market

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AUDUSD – SPOT: Selling On A Retracement

Price Action: Price formed a Bullish Tailed Bar Signal late last week (We are not considering trading this signal).

Price moved slightly higher from the recent Bullish Pin Bar Signal that had formed early last week (We did not consider trading this signal).

Potential Trade Idea: We are considering selling on a retracement higher and after a price action sell signal, whilst price remains under the 0.7264 – 0.7282 key resistance area.

NOTE – You can trade Spot AUDUSD via the trading platform we use HERE.

USDJPY – SPOT: Buying On A Retracement

Price Action: Price moved lower from the Multiple Inside Bar Pattern that had formed early last week (We did not call this pattern a Bearish Multiple Inside Bar + Small Pin Bar (Combo Setup), as it is counter-trend). (We did not consider trading this pattern).

Potential Trade Idea: We are considering buying on a retracement lower and after a clear price action signal, at or around the 131.49 short-term support level.

NOTE – You can trade Spot USDJPY via the trading platform we use HERE.

CRUDE OIL – Futures: Buying On A Retracement To Within The Range Of Long-Tailed Bullish Pin Bar Signal

Price Action: Price formed a Long-Tailed Bearish Pin Bar Signal late last week (We are not considering trading this signal).

The Bearish Tailed Bar Signal that had formed late last week failed (We did not consider trading this signal).

Price moved higher from the recent Bullish Pin Bar Signal that had formed early last week (We suggested trading this signal in the July 26th daily newsletter and hopefully some traders got on board).

Price moved higher from within the range of the prior Long-Tailed Bullish Pin Bar Signal that had formed on Thursday July 14th (We have been suggesting buying on a retracement lower into the range of this signal since July 15th daily newsletter).

Potential Trade Idea: We are considering buying on a retracement lower to within the range of the prior Long-Tailed Bullish Pin Bar Signal that had formed on Thursday July 14th.

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.