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Nial Fuller

NIAL FULLER Nial Fuller
Professional Trader, Author & Coach

Trade Ideas: GOLD, USDJPY & BITCOIN – July 21st, 2022

Note On Charts: It’s important you are trading with a broker that offers True 5 Day New York Close Charts.

Note On Brokers: Download our Preferred Broker Platform with New York Close Charts Here.

GOLD – SPOT: Selling On Retracement To Within The Range Of The Bearish Multiple Inside Bar + Small Pin Bar (Combo Setup)

Price Action: Price moved slightly lower from the Bearish Multiple Inside Bar + Small Pin Bar (Combo Setup) that had formed earlier this week (We did not consider trading this setup, nor did we mention it).

Price moved lower from within the range of the prior Multiple Inside Bar Breakout that had triggered early last week (We suggested selling on a retracement higher into the range of this Breakout Pattern in the July 13 members’ daily newsletter).

Potential Trade Idea 1: We are considering selling on a retracement higher to within the range of the most recent Bearish Multiple Inside Bar + Small Pin Bar (Combo Setup).

Potential Trade Idea 2: We are considering selling on a retracement higher to within the range of the prior Multiple Inside Bar Breakout that had triggered early last week.

NOTE – You can trade Spot GOLD via the trading platform we use HERE.
USDJPY – SPOT: Buying On A Breakout Of The Bullish Pin Bar + Inside Bar (Combo Setup)

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

Price formed a Bullish Multiple Inside Bar + Small Pin Bar (Combo Setup) earlier this week.

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 on a breakout of the current Bullish Pin Bar + Inside Bar (Combo Setup).

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

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

BITCOIN (BTCUSD) – Cash: Selling From The Bearish Pin Bar Signal

(WARNING ON CRYPTO: TRADING BITCOIN AND CRYPTO IS HIGH RISK, CONSIDER A REDUCED POSITION SIZE AND LOWER LEVERAGE UNTIL YOU ARE FAMILIAR WITH THESE MARKETS).

Price Action: Price formed a Bearish Pin Bar Signal overnight.

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

Price broke below the $25339 old key support level over five weeks ago, which is a now key resistance level and an event area.

Potential Trade Idea 1: We are considering selling from the current Bearish Pin Bar Signal.

Potential Trade Idea 2: We are considering selling on a retracement higher and after a price action signal, whilst price remains under the $25339 key resistance level (Event Area).

NOTE – You can trade BITCOIN & CRYPTO CURRENCY via the trading platform we use HERE.
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Please Leave A Comment Below With Your Questions or Feedback.

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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Nial Fuller

About 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.
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  1. Anthony Meninwa

    i love your price action analysis, i need more understanding in this aspect of chart patterns, can you be of help or assistance?

    Reply

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