USDJPY, GOLD & S&P500 – Sep 12th – 16th, 2022 » Learn To Trade The Market

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USDJPY – SPOT: Buying On A Retracement & After Price Action Signal From 139.40 Support level

Price Action: Price moved briefly 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 higher from the prior Inside Bar Pattern that had formed on Monday, Sep 5th (We did not consider trading this pattern).

Price moved higher from the recent Double Bullish Pin Bar + Inside Bar (Combo Setup) that had formed on Wednesday, August 31st (We did not consider trading this setup).

Price moved higher from the recent Bullish Pin Bar + Multiple Inside Bar (Combo Setup) that had formed on Friday, August 26th (We suggested trading the breakout of this setup in the August 29th, weekly newsletter and hopefully some traders got on board).

Potential Trade Idea 1: We are considering buying on a retracement lower and after a price action buy signal, at or just above the 139.40 short-term support level, which concedes with the recent Inside Bar Breakout that had triggered on Thursday, Sep 1st.

Potential Trade Idea 2: We are considering buying on a retracement lower, whilst price remains above the 135.58 short-term support level, which coincides with the recent Bullish Pin Bar + Multiple Inside Bar (Combo Setup) that had triggered on Monday, August 29th.

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

GOLD – SPOT: Selling On Breakdown Of Potential Bearish Multi-Bar Fakey Setup

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

Price has been forming a Potential Bearish Multi-Bar Fakey Setup since Tuesday, Sep 6th (This setup will only trigger if price breaks down below the Mother Bar).

Price moved lower from the Bearish Pin Bar Signal that had formed on Thursday, August 18th (We did not consider trading this signal, nor did we mention it at the time it formed).

Potential Trade Idea 1: We are considering selling on a breakdown of the current Potential Bearish Multi-Bar Fakey Setup.

Potential Trade Idea 2: We are considering selling on a retracement higher whilst price remains under $1765 short-term resistance level that coincides with the recent Bearish Pin Bar Signal that had formed on Wednesday, August 18th.

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

S&P 500 – Cash: Selling On Retracement & After Price Action Signal From 4215 – 4326 Resistance Area

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

The recent Bearish Pin Bar + Inside Bar (Combo Setup) that had formed early last week failed (We suggested selling on a retracement higher into the range of the Bearish Pin Bar from this setup in the Sep, 5th weekly newsletter).

Potential Trade Idea: We are considering selling on a retracement higher and after a price action signal, whilst price remains under the 4215 – 4326 short-term resistance area, which coincides with the recent Inside Bar Breakout that triggered on Friday, August 19th.

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.