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.
USDJPY – SPOT: Price Moved Higher From Double Bullish Pin Bar Signals (Double Bullish Pin Bar + Inside Bar Combo Setup)
Price Action: Price moved slightly higher from the two consecutive Bullish Pin Bars + Inside Bar (Combo Setup) that had formed late last week (We suggested trading this Setup in the June 13th, weekly commentary and hopefully some traders got on board).
Potential Trade Idea 1: For more aggressive traders, we are considering buying on a retracement lower to within the range of the Two consecutive Bullish Pin Bars + Inside Bar (Combo Setup) that had formed late last week.
Potential Trade Idea 2: We are considering buying on a retracement lower and/or after a price action buy signal, at or around the 131.35 short-term support level.
NOTE – You can trade Spot USDJPY via the trading platform we use HERE.
AUDUSD – SPOT: Selling On A Retracement
Price Action: Price formed a Small Bearish Pin Bar Signal overnight (We are not considering trading this signal).
Price moved significantly lower from the Bearish Inside Bar Breakout that had triggered late last week (We suggested selling on a retracement higher whilst price remains below this Breakout Pattern in the June 13th, members weekly newsletter).
Potential Trade Idea: We are considering selling on a retracement higher and after a price action sell signal whilst price remains below the 0.7267 – 0.7314 short-term resistance area.
NOTE – You can trade Spot AUDUSD via the trading platform we use HERE.
(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 recent Bearish Multi-Bar Fakey Setup that had triggered early last week (We suggested trading this Setup in the June 9th, members’ daily newsletter).
Price exploded lower from the Bearish Multiple Inside Bar Breakout that had triggered late last week.
Potential Trade Idea 1: We are considering selling on a retracement higher and only after a price action signal, whilst price remains below the $25339 short-term resistance level.
Potential Trade Idea 2: We are considering selling on a retracement higher and after a price action sell signal, whilst price remains below the $31327 key resistance level (Event 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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