GOLD, GBPUSD & S&P500, Sep 19th – 23rd, 2022 » Learn To Trade The Market

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GOLD – SPOT: Selling On Retracement Higher To Within The Range Of Bearish Multi-Bar Fakey Setup

Price Action: Price formed a small Bullish Tailed Bar Signal late last week (We are not considering trading this signal).

The exploded lower from the Bearish Multi-Bar Fakey Setup that had triggered early last week (Price just tickled above this Setup, before collapsing back down), (We suggested selling on a breakdown of this setup in the Sep 12, weekly newsletter and hopefully, some traders got on board).

Potential Trade Idea: We are considering selling on retracement higher to within the range of the most recent Bearish Multi-Bar Fakey Setup that had triggered early last week.

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

GBPUSD – SPOT: Selling On Retracement Higher & After Price Action Signal From 1.1758 – 1.1901 Resistance Area

Price Action: Price formed a Bullish Pin Bar Signal late last week (We are not considering trading this signal).

The recent Bullish Pin Bar Signal that had formed on Wednesday, Sep 7th has now failed (We did not consider trading this signal).

Price exploded lower from within the range of the recent Bearish Multi-Bar Fakey Setup that had triggered on Monday, August 29th.

Potential Trade Idea: We are considering selling on a retracement higher and after a price action sell signal, at or just under the 1.1758 – 1.1901 short-term resistance area, which concedes with the recent Bearish Multi-Bar Fakey Setup that had triggered on Monday, August 29th.

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

S&P500 – Cash: Selling On Retracement & After Price Action Signal Whilst Price Remains Under 4160 – 4215 Resistance Area

Price Action: Price formed a Bullish Pin Bar Signal late last week (We are not considering trading this signal).

Potential Trade Idea: We are considering selling on a retracement higher and after a price action signal, whilst price remains under the 4160 – 4215 short-term resistance area.

NOTE – You can trade S&P 500 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.