GBPJPY, AUDUSD & S&P 500 – February 14th to 18th, 2022 » Study To Commerce The Market

GBPJPY, AUDUSD & S&P 500 – February 14th to 18th, 2022 » Study To Commerce The Market

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Observe On Charts: It’s necessary you’re buying and selling with a dealer that gives True 5 Day New York Close Charts.

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GBPJPY – SPOT

Worth Motion: There isn’t any price action sign to notice presently.

The latest Extremely-small Bearish Pin Bar that had shaped, final week, failed (We didn’t take into account buying and selling this sign because it was in opposition to the short-term trend).

Worth moved larger from the latest Bullish Pin Bar Sign that had shaped, earlier this week (We urged shopping for from this sign within the February 8th Members Newsletter).

Worth exploded larger from the latest Inside Bar Breakout Pattern that had shaped, early final week (We urged shopping for the breakout above that sample within the February 2nd Newsletter).

Potential Commerce Concept: We’re nonetheless contemplating shopping for on a retracement decrease to throughout the vary of the prior Bullish Pin Bar which additionally aligns with the prior Inside Bar Breakout space.

NOTE – You may commerce Spot GBPJPY by way of the buying and selling platform we use HERE.
AUDUSD – SPOT

Worth Motion: There isn’t any price action signal to notice presently.

Worth bought off from the Big Bearish Pin Bar Signal that had shaped just below the 0.7171 short-term resistance stage, late final week (We urged promoting from this sign within the February 11th Newsletter).

Potential Commerce Concept 1: We’re nonetheless contemplating promoting on a retracement larger to throughout the 50% range of the latest Big Bearish Pin Bar Sign, with stops above the Pin Bar’s excessive.

Potential Commerce Concept 2: For extra aggressive merchants, we’re nonetheless contemplating promoting from the Big Bearish Pin Bar Sign, with stops above the Pin Bar’s excessive.

NOTE – You may commerce Spot AUDUSD by way of the buying and selling platform we use HERE.
S & P 500 – Money

Worth Motion: There isn’t any value motion sign to notice presently.

Worth lastly bought off from the prior Bearish Pin Bar Sign that had shaped just below the 4581 – 4600 key resistance space, over every week in the past.

The latest Bullish Tailed Bar + Multiple Inside Bar Sample (Combo Setup), failed (We didn’t take into account buying and selling this sign and hopefully saved some members on this market).

Potential Commerce Concept 1: We are actually staying on the sidelines till additional value motion develops.

Potential Commerce Concept 2: For extra superior merchants there may very well be a shopping for alternative at or simply above the 4245 – 4270 key assist space (Prior Event Area).

NOTE – You may commerce S&p 500 Money by way of the buying and selling platform we use HERE.

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Chart Commentary Disclaimer: Nial Fuller’s and Study To Commerce The Market’s evaluation and feedback beneath shouldn’t be thought-about monetary recommendation or a suggestion 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 article is for common instructional functions solely. Don’t blindly purchase and promote the monetary merchandise mentioned on this e-newsletter. 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.

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