Trade Ideas: NZDUSD Pin Bar Signal & GOLD Multiple Inside Bar Pattern Breaks Down – March 31st, 2021
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GOLD – Spot
Key Levels: $1676, $1746, $1764, $1816, $1823, $1875.
Potential Trade Idea: We are still considering selling short on a retracement higher to within the range of the multiple Inside Bar Pattern (second chance entry), whilst price remains below the $1746 resistance level.
NZDUSD – Spot
Key Levels: 0.7000, 0.7105, 0.7268, 0.7304, 0.7464
Price Action: A Bearish Pin Bar signal formed yesterday after a pullback to 0.7000 short-term resistance level. Price recently broke below the 0.7000 level mid-last week.
Potential Trade Idea: We are considering selling short from the bearish Pin Bar signal whilst price remains below the 0.7000 short-term resistance level.
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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.