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EURUSD – SPOT: Selling On A Retracement Within The Range Of Recent Inside Bar Breakout
Price Action: Price moved slightly higher from the Bullish Pin Bar Signal that had formed late last week (We did not consider trading this signal).
Price moved briefly lower from the most recent Bearish Pin Bar Signal that had formed mid-last week (We suggested trading this signal in the July 14th members’ daily newsletter).
Price exploded lower from the recent Inside Bar Pattern that had formed over a week ago (This is not a Bullish Pin Bar + Inside Bar (Combo Setup) as it is counter-trend), (We have been suggesting selling on a retracement higher into this Breakout Pattern since July 11th weekly newsletter).
Potential Trade Idea: We are considering selling on retracement higher to within the range of the most recent Inside Bar Breakout, which occurred around 1.0349 short-term resistance level, over a week ago.
NOTE – You can trade Spot EURUSD via the trading platform we use HERE.
Price Action: Price formed an Inside Bar Pattern late last week (We are not considering trading this pattern).
Price exploded higher from the Inside Bar Pattern that had formed early last week (We suggested buying on a breakout of this pattern in the July 13th, members’ daily newsletter).
Price exploded higher from the Bullish Pin Bar Signal that had formed on Wednesday July 6th (We suggested trading this signal in the July 7th daily newsletter).
Price moved higher from the recent Bullish Multi-Bar Fakey Setup that had formed on Thursday June 23rd (We have been suggesting trading the pullback into the range of this setup since June 30th daily newsletter and hopefully some traders got on board).
Potential Trade Idea 1: We are considering buying on a retracement lower to within the range of the recent Inside Bar Breakout that occurred early last week.
Potential Trade Idea 2: We are considering buying on a retracement lower to within the range of the recent Bullish Multi-Bar Fakey Setup that had formed on Thursday June 23rd.
NOTE – You can trade Spot USDJPY via the trading platform we use HERE.
Price Action: Price moved slightly higher from the Long-Tailed Bullish Pin Bar Signal that had formed late last week (We suggested buying on a retracement lower into the range of this signal in the July 15th daily newsletter).
Potential Trade Idea: We are considering buying on a retracement lower to within the range of the most recent Long-Tailed Bullish Pin Bar Signal.
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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