Fanpage

facebook.com/eavnshop

+84 888161016

24/7 Customer Support

Mon - Sunday: 24/24

Online store always open

USDJPY, GOLD, DAX40 & BITCOIN – August 22nd to 26th, 2022 » Learn To Trade The Market

August 22, 2022| Forex 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.

USDJPY – SPOT: Buying On Retracement Whilst Above Bullish Pin Bar Signal

Price Action: Price moved higher from the small Bullish Pin Bar Signal that had formed early last week (We did not consider trading this signal).

Price moved higher from the prior Bullish Pin Bar Signal that had formed on Thursday, August 11th (We suggested trading on a retracement lower into the range of this signal in the August 15th weekly newsletter and hopefully some traders got on board).

Price moved higher from within the range of the recent Bullish Tailed Bar Signal that had formed just above the 131.49 short-term support level on Tuesday, August 2nd. (We have been suggesting trading this signal since August 8th weekly newsletter and hopefully, some traders got on board).

Potential Trade Idea 1: We are considering buying on a retracement lower whilst price remains above the prior Bullish Pin Bar Signal that had formed on Thursday, August 11th (Currently Active).

Potential Trade Idea 2: We are considering buying on a retracement lower whilst price remains above the recent Bullish Tailed Bar Signal that had formed just above the 131.49 short-term support level on Tuesday, August 2nd (Currently Active).

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

GOLD – SPOT: Selling On Retracement Whilst Under $1787 – $1805 Resistance Area

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

Price moved lower from within the range of the Bearish Pin Bar Signal that had formed on Wednesday, August 10th (We suggested trading this signal in the August 11th members’ daily newsletter).

Potential Trade Idea: We are considering selling on a retracement higher whilst price remains under $1787 – $1805 short-term resistance area that coincides with the recent Bearish Pin Bar Signal that had formed on Wednesday, August 10th.

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

DAX 40 – Cash: Selling On Retracement Whilst Under Bearish Multi-Bar Fakey Setup

Price Action: Price moved slightly lower from the Inside Bar Pattern that had formed late last week (We did not consider trading this pattern, nor did we mention it).

Price moved slightly lower from the Bearish Multi-Bar Fakey Setup that had triggered late last week (We did not consider trading this setup, nor did we mention it).

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

NOTE – You can trade DAX 40 Cash via the trading platform we use HERE.

BITCOIN (BTCUSD) – Cash:  Selling On Retracement Whilst Under 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 exploded lower from the Bearish Tailed Bar Signal that had formed on Wednesday, August 17th (We did not consider trading this signal, nor did we mention it).

Price exploded lower from the recent Bearish Pin Bar Signal that had formed just under the $25339 key resistance level, on Monday, August 15th (We suggested trading on a retracement higher into the range of this signal in the August 17th, members’ daily newsletter).

Potential Trade Idea: We are considering selling on a retracement higher whilst price remains below the recent Bearish Pin Bar Signal that had formed just under the $25339 key resistance level, on Monday, August 15th.

NOTE – You can trade BITCOIN & CRYPTO CURRENCY 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.

Print Friendly, PDF & Email

Nial Fuller Professional Trading Course
Preferred broker 2020 v1



Source link

Categories: Trading tips

Get In Touch!

What type of Forex Tool(s) are you interested in ?
How can we reach you ?