GBPJPY, CRUDE OIL & GOLD – October 11th to 15th, 2021 » Learn To Trade The Market

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GBPJPY, CRUDE OIL & GOLD – October 11th to 15th, 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.

GBPJPY – Daily Chart

Trend: Bullish Trend commences after break out and close above 153.40 key level.
Levels: Short term support between 152.00 and 153.40.
Price Action: Price broke up from an Inside Bar pattern last week.
View: Considering buying pull backs whilst support holds and/or after a price action buy signal.

CRUDE OIL – Daily Chart

Trend: Very strong Bullish Trend continues.
Levels: Strong Support at $74.20.
Price Action: Price broke up from a Massive Pin Bar that formed late last week.
Price broke up from a Tailed Bar + Inside Bar combo pattern recently.
View: Considering buying pull backs whilst support holds and/or after a price action buy signal.

GOLD – Daily Chart

Trend: Bearish trend persists.
Levels: Resistance between $1798 – $1834
Price Action: Bearish Pin Bar formed last week (formed in sideways chop and not at a key level, but could still produce a move down).
View: Considering selling retracements whilst resistance holds and/or after a price action sell signal.

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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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