CRUDE OIL, GOLD & USDJPY – June 21st, 2021 » Learn To Trade The Market

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CRUDE OIL, GOLD & USDJPY – June 21st, 2021 » Learn To Trade The Market


Note On Charts: It’s important you are trading with a broker that offers True 5 Day New York Close Charts.

Disclaimer: This newsletter 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.

USDJPY (Spot): Daily Chart

Price Action: Price continues to move up gradually from the Inside Bar break out that started around 2 weeks ago.

Trade Idea: We are considering buying on a pull back and after price action buy signal, at or around 109.30’s short term support area.

Crude Oil Futures: Daily Chart

Price Action: An Inside Bar pattern formed late last week. (not considering trading, waiting for potential fakey setup or another signal around nearby support levels). Price continues to move up gradually from several Bullish Tailed Bars and Pin Bars that formed around 2 weeks ago, just above the $68.00 support level.

Trade Idea: We are considering buying on a pull back and after price action signal, at or around the $66.70 to $68.00 key support area.

Gold (Spot): Daily Chart

Price Action: Price collapsed from an Inside Bar pattern last week.

Trade Idea: We are considering selling on a retracement higher, and after a price action sell signal, at or just below the $1845-74 resistance area.

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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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