Trade Ideas: USDJPY: Bullish Multiple Inside Bar Breakout & CRUDE OIL: Buying On A Retracement – June 1st, 2022

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USDJPY – SPOT: Bullish Multiple Inside Bar Breakout

Price Action: Price moved higher from the Bullish Multiple Inside Bar + Ultra-small Pin Bar (Combo Setup) that had formed late last week (We suggested trading this setup in the May 29th, weekly newsletter, and hopefully some traders got on board).

Price moved slightly higher (as of this writing) from the recent Bullish Multi-Bar Fakey Setup that had formed early last week, (We suggested trading this setup in May 26th, members’ daily newsletter).

Potential Trade Idea: We are considering buying on a retracement lower to within the range of the prior Bullish Multiple Inside Bar + Ultra-small Pin Bar (Combo Setup).

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

CRUDE OIL – Futures: Buying On A Retracement

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

Price moved significantly higher from the recent Bullish Pin Bar Signal that had formed over a week ago (We suggested trading this signal in the May 20th, daily newsletter, and hopefully some traders got on board).

Potential Trade Idea: We are considering buying on a retracement lower whilst price remains above the recent Bullish Pin Bar Signal that had formed on Thursday, May 19th.

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.