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EURUSD, USDJPY & BITCOIN – Sep 14th, 2022 » Learn To Trade The Market

September 14, 2022| Forex Market


Note On Charts: It’s important you are trading with a broker that offers True 5 Day New York Close Charts.

Note On Brokers: Download our Preferred Broker Platform with New York Close Charts Here.

EURUSD – SPOT: Selling On Retracement Higher Whilst Price Remains Under Bearish Pin Bar Signal

Price Action: Price exploded lower from the Bearish Pin Bar Signal that had formed earlier this week (We did not consider trading this signal).

Potential Trade Idea: We are considering selling on a retracement higher whilst price remain under the most recent Bearish Pin Bar Signal.

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

USDJPY – SPOT: Buying On Retracement Lower To Within The Range Of Bullish Tailed Bar Signal

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

Price moved higher from the recent Inside Bar Pattern that had formed earlier this week (We did not consider trading this pattern).

Price moved higher from the prior Inside Bar Pattern that had formed on Monday, Sep 5th (We did not consider trading this pattern).

Potential Trade Idea 1: We are considering buying on a retracement lower to within the range of the current Bullish Tailed Bar Signal.

Potential Trade Idea 2: We are considering buying on a retracement lower and after a price action signal, at or just above the 139.40 short-term support level, which concedes with the recent Inside Bar Breakout that had triggered on Thursday, Sep 1st.

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

BITCOIN (BTCUSD) – Cash: Selling On Retracement & After Price Action Signal From $21930 – $22512 Resistance Area

(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 exploded lower from the $21930 – $22512 short-term resistance area.

The recent Small Bullish Pin Bar Signal that had formed on Sunday, Sep 11th failed (We did not consider trading this signal, nor did we mention it at the time it formed).

Price moved higher from the recent Inside Bar Pattern that had formed late last week (We did not consider trading this pattern, nor did we mention it at the time it formed).

Potential Trade Idea: We are considering selling on a retracement higher and after a price action sell signal, at or just under the $21930 – $22512 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.

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