GOLD, USDJPY & S&P 500 – March 28th to April 1st, 2022 » Learn To Trade The Market

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GOLD – SPOT: Bullish Inside Bar Pattern + Small Pin Bar Signal

Price Action: Price formed a Bullish Inside Bar Pattern + Small Pin Bar Signal (Combo Setup), late last week.

Price moved higher from the recent Bullish Multi Bar Fakey Setup that had formed, early last week (We suggested trading this setup in the March 23rd, daily newsletter).

Price moved higher from the prior Bullish Pin Bar Signal that had formed, over a week ago.

Potential Trade Idea 1: For more aggressive traders, we are now considering buying on a breakout above the current Bullish Inside Bar Pattern + Small Pin Bar Signal (Combo Setup), with risk management below the Mother Bar.

Potential Trade Idea 2: We are still considering buying on a retracement lower to within the range of the recent Multi-Bar Bullish Fakey Setup, with risk management below the prior Bullish Pin Bar.

NOTE – You can trade Spot GOLD via the trading platform we use HERE.
USDJPY – SPOT: Buying After A Pullback

Price Action: Price formed a Bullish Pin Bar Signal, late last week (We are not considering trading this signal as we prefer to buy after a deeper pullback to lower support areas).

Price exploded higher from the recent Bullish Inside Bar Pattern that had formed, over a week ago.

Potential Trade Idea: We are now considering buying on a deeper retracement lower and after a price action signal, whilst price remains above the 118.65 – 119.11 short-term support area.

NOTE – You can trade Spot USDJPY via the trading platform we use HERE.

S&P 500 – CASH: Selling After A Pullback

Price Action: There is no new price action signal to note at this time.

Price moved slightly higher from the recent Bullish Inside Bar Pattern that had formed, mid-last week (We did not consider trading this pattern as it had formed just under a key resistance area and against the short-term Bearish Trend).

Price moved higher from the recent ultra-small Bullish Pin Bar Signal that had formed, over a week ago.

Potential Trade Idea: We are still considering selling on a higher retracement and only after a clear price action sell signal, at or just below the 4581 – 4594 key resistance area.

NOTE – You can trade S&P 500 Cash 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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