CRUDE OIL, EURUSD & BITCOIN, Sep 22nd, 2022 » Learn To Trade The Market

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CRUDE OIL – Futures: Bearish Pin Bar Signal

Price Action: Price formed a Bearish Pin Bar Signal overnight.

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

Potential Trade Idea 1: We are considering selling on a retracement higher to within the range of the current Bearish Pin Bar Signal.

Potential Trade Idea 2: We are considering selling on a retracement higher and after a price action sell signal, whilst price remains under the $97.69 – $101.84 short-term resistance area, which concedes with the recent Bearish Long-Tailed Pin Bar Signal that had formed on Friday, July 29th.

NOTE – You can trade CRUDE OIL Futures via the trading platform we use HERE.

EURUSD – SPOT: Bearish Multi-Bar Fakey Setup

Price Action: Price exploded lower from the Bearish Multi-Bar Fakey Setup that had formed earlier this week (We did not consider trading this setup, nor did we mention it).

Price moved lower from the Bearish Pin Bar Signal that had formed on Monday, Sep 12th (We did not consider trading this signal).

Potential Trade Idea: We are considering selling on a retracement higher to within the range of the most recent Bearish Multi-Bar Fakey Setup.

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

BITCOIN (BTCUSD) – Cash: Bearish Fakey + Pin Bar Setup

(WARNING ON CRYPTO: TRADING BITCOIN AND CRYPTO IS HIGH RISK, CONSIDER A REDUCED POSITION SIZE AND LOWER LEVERAGE UNTIL YOU ARE FAMILIAR WITH THESE MARKETS).

Price Action: Price formed a Bearish Fakey + Pin Bar Setup overnight (We suggested waiting for this setup in the Sep 21st, daily newsletter).

Price exploded lower from the $21930 – $22808 short-term resistance area.

Potential Trade Idea 1: We are considering selling on a retracement higher to within the range of the current Bearish Fakey + Pin Bar Setup.

Potential Trade Idea 2: We are considering selling on a retracement higher and after a price action signal, whilst price remains under the $21930 – $22808 short-term resistance area.

NOTE – You can trade BITCOIN & CRYPTO CURRENCY 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.