USDJPY, GOLD & S&P500, Oct 24th – 28th, 2022 » Learn To Trade The Market

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USDJPY – SPOT: Buying On Retracement And After Price Action Signal Above 140.33 – 143.49 Support Area

Price Action: The Bullish Pin Bar Signal that had formed on Tuesday, Oct 18th has now been invalidated.

Price exploded higher from the ultra-small Bullish Pin Bar Signal that had formed on Friday, Oct 7th (We suggested buying on a breakout higher of the nose of this Signal in the Oct 10th, weekly newsletter and hopefully some traders got on board).

Potential Trade Idea: We are considering buying on a retracement lower and after a price action buy signal, within or just above the 140.33 – 143.49 short-term support area, which concedes with the recent ultra-small Bullish Pin Bar Signal that had formed on Friday, Oct 7th.

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

GOLD – SPOT: Selling On Retracement And After Price Action Signal Below $1680 – $1688 Resistance Area

Price Action: The Bearish Pin Bar Signal that had formed late last week failed (We did not consider trading this signal).

Price moved lower from the Bearish Pin Bar + Inside Bar (Combo Setup) that had formed just below the $1680 – $1688 short-term resistance area on Wednesday, Oct 12th (We suggested selling on a breakdown of this setup in the Oct 13th, members daily newsletter).

Potential Trade Idea: We are considering selling on a retracement higher and after a price action sell signal, at or just below the $1680 – $1688 short-term resistance area, which concedes with the recent Bearish Pin Bar + Inside Bar (Combo Setup) that had triggered on Thursday, Oct 13th (Currently Active).

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

S & P 500 – CASH: Selling On Retracement And After Price Action Signal Around 3807 – 3922 Resistance Area

Price Action: The Small Bearish Pin Bar Signal that had formed late last week failed (We did not consider trading this signal).

Price moved slightly higher from within the range of the recent Bullish Fakey + Pin Bar Setup that had formed on Thursday, Oct 13th.

Potential Trade Idea: We are considering selling on a retracement higher and after a price action signal, within or just below the 3807 – 3922 short-term resistance area, which concedes with the recent Inside Bar Breakout that had triggered on Friday, Oct 7th.

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.