CRUDE OIL – Futures: Bullish Pin Bar + Inside Bar (Combo Setup)
Potential Trade Idea: We are now considering buying on a breakout above the current Bullish Pin Bar + Inside Bar (Combo Setup).
NOTE – You can trade CRUDE OIL Futures via the trading platform we use HERE.
BITCOIN (BTCUSD) – CASH: Inside Bar Pattern
(WARNING NOTE ON CRYPTO CURRENCY: As Bitcoin and crypto currency doesn’t form perfectly clean signals most of the time, we will only annotate the clearest and well-pronounced signals that form at confluent areas on the charts. Therefore not all price action signals/patterns will be annotated or discussed. TRADING BITCOIN AND CRYPTO IS HIGH RISK, CONSIDER A REDUCED POSITION SIZE UNTIL YOU ARE FAMILIAR WITH THESE MARKETS).
Price Action: Price formed an Inside Bar Pattern right at the 42600 level, late last week.
Potential Trade Idea 1: For aggressive traders, we are considering selling on a breakdown below the current Inside Bar Pattern.
Potential Trade Idea 2: We are considering buying on a deeper retracement lower and after a price action signal on the daily or 4 hourly chart time frame, within the 34300 to 37550 support range (prior Event Zone).
NOTE – You can trade BITCOIN & CRYPTO CURRENCY via the trading platform we use HERE.
GOLD – SPOT: Bullish Pin Bar Signal
Price Action: Price moved higher from the prior Bullish Pin Bar Signal that had formed 2 weeks ago (We suggested trading this signal in the April 4th, weekly newsletter).
Potential Trade Idea: We are considering buying on a retracement lower to within the range of the prior Bullish Pin Bar 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.