USDJPY & CRUDE OIL – July 20th, 2022 » Learn To Trade The Market

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USDJPY – SPOT: Price Moved Higher From Within The Range Of The Inside Bar Breakout

Price Action: Price formed a Bullish Multiple Inside Bar + Small Pin Bar (Combo Setup) overnight.

Price moved higher from within the range of the prior Inside Bar Breakout that occurred late last week (We suggested buying the pullback to this breakout pattern in the July 15th, daily newsletter).

Potential Trade Idea 1: We are considering buying a breakout above the Mother Bar from the current Bullish Multiple Inside Bar + Small Pin Bar (Combo Setup).

Potential Trade Idea 2: We are considering recent buying on a retracement lower to within the range of the Inside Bar Breakout that occurred late last week.

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

CRUDE OIL – Futures: Price Moved Higher From Within The Range Of The Long-Tailed Bullish Pin Bar Signal

Price Action: Price formed a Bullish Pin Bar Signal overnight (We are not considering trading this signal).

Price moved higher from the prior Long-Tailed Bullish Pin Bar Signal that had formed late last week (We suggested buying on a retracement lower into the range of this signal in the July 15th daily newsletter and hopefully some traders got on board).

Potential Trade Idea: We are considering buying on a retracement lower to within the range of the prior Long-Tailed Bullish Pin Bar Signal that had formed late last week.

NOTE – You can trade CRUDE OIL Futures 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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