GBPJPY, CRUDE OIL & S&P500 – June 27th to July 1st, 2022 » Learn To Trade The 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.

GBPJPY – SPOT: Buying On A Breakout Above The Potential Bullish Multi-Bar Fakey Setup

Price Action: Price formed an Inside Bar Pattern late last week.

Price formed a Potential Bullish Multi-Bar Fakey Setup (Yet to trigger) late last week (This Setup will trigger only if price breaks out above the Mother Bar high).

Price moved higher from the prior Bullish Fakey + Pin Bar Setup that had formed over a week ago.

Potential Trade Idea 1: We are considering buying on a breakout above the Mother Bar high from the current Potential Bullish Multi-Bar Fakey Setup.

Potential Trade Idea 2: We are considering buying on a retracement lower to within the range of the prior Bullish Long-Tailed Pin Bar Signal (Which is a part of the prior Bullish Fakey Setup) that had formed over a week ago.

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

CRUDE OIL – Futures: Waiting For A Potential Bullish Fakey Setup

Price Action: Price formed a Multiple Inside Bar Pattern late last week (We are not considering trading this pattern).

Price moved lower from the Small Bearish Pin Bar Signal that had formed early last week (We did not consider trading this signal).

Potential Trade Idea 1: We are considering waiting to see if the current Multiple Inside Bar Pattern turns into a Potential Bullish Fakey Setup.

Potential Trade Idea 2: We are considering buying on a deeper retracement lower and after a price action signal, at or around the $92.85 – $98.16 key support area.

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

S & P 500 – Cash: Selling On A Retracement

Price Action: Price moved higher from the Bullish Pin Bar + Inside Bar (Combo Setup) that had formed late last week (We did not consider trading this setup, nor did we mention it).

Price moved higher from the recent ultra-small Bullish Tailed Bar Signal that had formed over a week ago (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 below the 4100 – 4205 key resistance area (Event Area).

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

Join My Pro Trading Course & Trade Ideas Newsletter: visit the Membership Page Here.

Get The Correct Charts We Use: Download our Preferred Charting & Broker Platform Here.

Already A Member? Log In To Members Area Here.

Please Leave A Comment Below With Your Questions or Feedback.

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.