USDJPY, CRUDE OIL & AUDUSD – May 2nd to 6th, 2022 » Learn To Trade The Market

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USDJPY – Buying A Breakout From Inside Bar Pattern

Price Action: Price formed an Inside Bar Pattern, late last week.

Price moved higher from the recent Bullish Multi-Bar Fakey Setup that had formed mid-last week (We suggested trading the pullback to this setup in the April 28th, members’ daily newsletter).

Potential Trade Idea 1: For more aggressive traders, we are considering buying on a breakout above the current Inside Bar Pattern.

Potential Trade Idea 2: We are considering recent buying on a retracement lower to within the range of the Bullish Multi-Bar Fakey Setup.

NOTE – You can trade Spot USDJPY via the trading platform we use HERE.
CRUDE OIL – Buying A Pullback To Prior Bearish Tailed Bar Signal Area

Price Action: Price formed a Bearish Pin Bar Signal late last week (We are not considering trading this signal).

Price moved higher from the recent small Bullish Pin Bar Signal that had formed mid-last week (We did not consider trading this signal).

Price moved higher from the prior Bullish Tailed Bar Signal that had formed just above the $95.43 short-term support level early last week (We didn’t originally trade this signal, however, we suggested trading the pullback to this signal in the April 28th, members daily newsletter).

Potential Trade Idea: We are considering buying on a retracement lower to within the range of the prior Bullish Tailed Bar Signal that had formed just above the $95.43 short-term support level, with risk management below the prior Bullish Fakey Setup that had formed over three weeks ago.

NOTE – You can trade CRUDE OIL Futures via the trading platform we use HERE.
AUDUSD – Selling A Retracement Into Bearish Pin Bar Signal Range

Price Action: Price formed a Bearish Pin Bar Signal, late last week

Price slightly moved lower from the recent Bearish Pin Bar Signal that had formed mid-last week (We did not consider trading this signal).

Price moved significantly lower from the prior Bearish Multi-Bar Fakey Setup (Event Zone) that had formed over a week ago (We suggested trading this signal in the April 22nd, members’ daily newsletter).

Potential Trade Idea 1: For more aggressive traders, we are considering selling from the current Bearish Pin Bar Signal.

Potential Trade Idea 2: We are considering selling on a higher retracement to within the range of the prior Bearish Multi-Bar Fakey Setup (Event Zone).

NOTE – You can trade Spot AUDUSD 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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