USDJPY, CRUDE OIL & BITCOIN – July 25th to 29th, 2022 » Learn To Trade The Market

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USDJPY – SPOT: Buying On A Retracement To Within The Range Of Bullish Multi-Bar Fakey Setup

Price Action: Price moved lower from the Bearish Tailed Bar Signal that had formed late last week (We did not consider trading this signal, nor did we mention it).

Price moved briefly higher from the prior Bullish Pin Bar + Inside Bar (Combo Setup), before reversing back down (We suggested buying on a breakout of this setup in the July 21st daily newsletter).

Price moved lower from the recent Multiple Inside Bar Pattern that had been forming since early last week.

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).

Potential Trade Idea: 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 (Currently Active).

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

CRUDE OIL – Futures: Buying On A Retracement To Within The Range Of Long-Tailed Bullish Pin Bar Signal

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

The prior Bullish Pin Bar + Inside Bar (Combo Setup) that had formed mid-last week didn’t trigger (We did not consider trading this setup).

Price moved higher from the prior Long-Tailed Bullish Pin Bar Signal that had formed on Thursday July 14th (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 prior Long-Tailed Bullish Pin Bar Signal that had formed on Thursday July 14th.

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

BITCOIN (BTCUSD) – Cash: Price Moved Lower From Bearish Pin Bar Signal

(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 formed a Bearish Pin Bar Signal late last week (We are not considering trading this signal).

Price moved lower from the prior Bearish Pin Bar Signal that had formed on Wednesday July 20th (We suggested trading this signal in the July 21st daily newsletter and hopefully some traders got on board).

Price broke below the $25339 old key support level over five weeks ago, which is a now key resistance level and an Event Area.

Potential Trade Idea 1: We are considering selling on a retracement higher to within the range of the prior Bearish Pin Bar Signal that had formed on Wednesday July 20th (Currently Active).

Potential Trade Idea 2: We are considering selling on a retracement higher and after a price action signal, whilst price remains under the $25339 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.