EURUSD, S&P500 & DAX40 – Sep 5th – 9th, 2022 » Learn To Trade The Market

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EURUSD – SPOT: Selling On Breakdown Of Bearish Inside Bar + Pin Bar (Combo Setup)

Price Action: Price formed a Bearish Inside Bar + Pin Bar (Combo Setup) late last week.

The recent Bullish Tailed Bar Signal that had formed mid-last week failed (We did not consider trading this signal).

Price moved briefly lower from within the range of the recent Bearish Long-Tailed Pin Bar Signal that had formed on Friday, August 26th (We suggested selling on a retracement higher into the range of this signal in the August 29th weekly newsletter).

Potential Trade Idea 1: For more aggressive traders, we are considering selling on a breakdown of the current Bearish Inside Bar + Pin Bar (Combo Setup).

Potential Trade Idea 2: We are considering selling on a retracement higher to within the range of the recent Bearish Long-Tailed Pin Bar Signal that had formed on Friday, August 26th (Currently Active).

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

S&P 500 – Cash: Selling On Retracement To Within The Range Of Bearish Pin Bar Signal

Price Action: Price formed a Bearish Pin Bar Signal late last week.

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 exploded lower from the Inside Bar Pattern that had formed on Thursday, August 18th (We did not consider trading this pattern, nor did we mention it at the time it formed).

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 signal, whilst price remains under the 4215 – 4326 short-term resistance area, which coincides with the recent Inside Bar Breakout that triggered on Friday, August 19th.

NOTE – You can trade S&P 500 Cash via the trading platform we use HERE.

DAX 40 – Cash: Selling On Retracement To Within The Range Of Bearish Long-Tailed Pin Bar Signal

Price Action: Price formed a Bearish Long-Tailed Pin Bar Signal late last week.

Price exploded lower from the Bearish Multi-Bar Fakey Setup that had triggered on Wednesday, August 17th (We did not consider trading this setup, nor did we mention it at the time it formed).

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

Potential Trade Idea 2: We are considering selling on a retracement higher and after a price action signal, at or just under the 13665 – 13970 short-term resistance area, which also coincides with the recent Bearish Multi-Bar Fakey Setup that had triggered on Wednesday, August 17th.

NOTE – You can trade DAX 40 Cash 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.