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USDJPY – SPOT: Shopping for From Bullish Pin Bar Sign
Value Motion: Value shaped a Bullish Pin Bar Sign late final week.
Value moved decrease from the Inside Bar Sample that had shaped early final week (We didn’t contemplate buying and selling this sample).
Value moved larger from inside the vary of the latest Bullish Tailed Bar Sign that had shaped simply above the 131.49 short-term assist stage on Tuesday, August 2nd. (We prompt shopping for on a retracement decrease to inside the vary of this sign within the August tenth day by day publication).
Potential Commerce Concept 1: We’re contemplating shopping for from the present Bullish Pin Bar Sign.
Potential Commerce Concept 2: We’re contemplating shopping for on a retracement decrease to inside the vary of the latest Bullish Tailed Bar Sign that had shaped simply above the 131.49 short-term assist stage on Tuesday, August 2nd (Presently Energetic).
NOTE – You may commerce Spot USDJPY by way of the buying and selling platform we use HERE.
EURUSD – SPOT: Ready For Potential Bearish Fakey Setup
Value Motion: Value shaped a A number of Inside Bar Sample late final week (We’re not contemplating buying and selling this sample).
Value moved larger from the A number of Inside Bar Sample that had shaped early final week (We didn’t contemplate buying and selling this sample, nor did we point out it on the time it shaped).
Value moved decrease from inside the vary of the latest Inside Bar Sample that had shaped on Monday, July 4th (This isn’t a Bullish Pin Bar + Inside Bar (Combo Setup) as it’s counter-trend), (Now we have been suggesting promoting on a retracement larger into this Breakout Sample since July eleventh weekly publication).
Potential Commerce Concept 1: We’re contemplating ready to see if the present A number of Inside Bar Sample turns right into a Potential Bearish Fakey Setup.
Potential Commerce Concept 2: We’re contemplating promoting on a retracement larger to inside the vary of the latest Inside Bar Breakout, which occurred round 1.0349 short-term resistance stage, on Monday, July 4th.
NOTE – You may commerce Spot EURUSD by way of the buying and selling platform we use HERE.
AUDUSD – SPOT: Promoting On Retracement Round 0.7264 – 0.7282 Key Resistance Space
Value Motion: Value shaped an Inside Bar Sample late final week (We’re not contemplating buying and selling this sample).
Value moved larger from the prior Inside Bar Sample that had shaped early final week (We didn’t contemplate buying and selling this sample, nor did we point out it).
Potential Commerce Concept: We’re contemplating promoting on a retracement larger and after a value motion sign, at or simply below the 0.7264 – 0.7282 key resistance space.
NOTE – You may commerce Spot AUDUSD by way of the buying and selling platform we use HERE.
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Chart Commentary Disclaimer: Nial Fuller’s and Be taught To Commerce The Market’s evaluation and feedback beneath shouldn’t be thought-about monetary recommendation or a advice to commerce or spend money on any monetary product. Your private monetary circumstances and danger limits haven’t been considered within the beneath evaluation and feedback. This text is for normal academic functions solely. Don’t blindly purchase and promote the monetary merchandise mentioned on this publication. At all times do your personal evaluation and analysis and be expressly conscious of the dangers and rewards in buying and selling or investing in any monetary product.
