Trade Ideas: SPI 200 Pin Bar Signal & GBPUSD Pin Bar Signal – March 23rd 2021

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Commentary Disclaimer: This 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.

SPI 200 – cash

-2 Bullish Long Tailed Pin Bar formed at the 6650 support level over the past few weeks.

-Prices have pulled back to within the 50% range of the recent Pin Bar signal (50% entry)

-A smaller Bearish Pin Bar formed at 6862 mid last week (counter trend).

-We are considering buying on a retracement lower, whilst prices remain above the 6650 support level.

NOTE – You can trade SPI 200 Cash via the trading platform we use HERE.

GBPUSD – spot

-A Bullish Pin Bar signal formed above the 1.3780 support level last week.

-Prices have pulled back to within the 50% range of the recent Pin Bar signal (50% entry).

-We are considering trading the Bullish Pin Bar Signal whilst price remains above the 1.3755 to 1.3780 support zone.

NOTE – You can trade Spot GBPUSD 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.

About Nial Fuller

Nial Fuller is a Professional Trader, Investor & Author who is considered ‘The Authority’ on Price Action Trading. His blog is read by over 200,000+ followers and he has taught 25,000+ students since 2008. In 2016, Nial won the Million Dollar Trader Competition. Checkout Nial's Professional Trading Course here.