Note On Charts: It’s important you are trading with a broker that offers True 5 Day New York Close Charts.
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GBPJPY – SPOT: Buying On Retracement Lower To Within The Range Of Long-Tailed Bullish Pin Bar Signal
Price Action: Price moved higher from the Long-Tailed Bullish Pin Bar Signal that had formed earlier this week (We suggested trading on a retracement lower into the range of this signal in the August 3rd members’ daily newsletter).
Potential Trade Idea: We are considering buying on a retracement lower to within the range of the current Long-Tailed Bullish Pin Bar Signal.
NOTE – You can trade Spot GBPJPY via the trading platform we use HERE.
GOLD – SPOT: Selling On Retracement Higher To Within The Range Of Bearish Pin Bar Signal
Price Action: Price moved briefly lower from the Bearish Pin Bar Signal that had formed just under the $1787 – $1805 key resistance area, earlier this week (We suggested trading this signal in the August 3rd daily newsletter).
Potential Trade Idea: We are considering selling on a retracement higher to within the range of the current Bearish Pin Bar Signal.
NOTE – You can trade Spot GOLD 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.
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