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NIAL FULLER Nial Fuller
Professional Trader, Author & Coach

Weekly Trade Ideas: CRUDE OIL, USDJPY & BITCOIN – June 6th to 10th, 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.

CRUDE OIL – Futures: Price Explodes Higher From Bullish Pin Bar Signal

Price Action: Price exploded higher from the long-tailed Bullish Pin Bar Signal that had formed late last week (We suggested trading this signal in the June 3rd, members’ daily newsletter).

The recent Bearish Inside Bar + Small Pin Bar (Combo Setup) that had formed early last week failed (We did not consider trading this setup).

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

Potential Trade Idea 1: We are considering buying on a retracement lower to within the range of the prior Bullish Pin Bar Signal that had formed late last week.

Potential Trade Idea 2: 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.

USDJPY – SPOT: Price Explodes Higher from Bullish Multi-Bar Fakey Setup

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

Price exploded higher from the recent Bullish Multi-Bar Fakey Setup that had formed over a week ago, (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 recent Bullish Multi-Bar Fakey Setup that had triggered mid-last week.

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

BITCOIN (BTCUSD) – Cash: Selling On A Breakdown Of Inside Bar Pattern

(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 an Inside Bar Pattern overnight.

Price moved briefly lower from the prior Inside Bar Pattern that had formed last Thursday (We didn’t consider trading this pattern).

Price moved briefly higher from the recent Bullish Pin Bar + Multiple Inside Bar (Combo Setup) that had formed around a week ago (We did not consider trading this setup).

Potential Trade Idea 1: For more aggressive traders, we are considering selling on a breakdown below the current Inside Bar Pattern.

Potential Trade Idea 2: We are considering waiting to see if the current Inside Bar Pattern turns into a Bearish Fakey Setup.

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. Michel van Haneghem

    Why don’t you recommend to sell USD/JPY? Because it’s going down first.

    Reply
    • this is not how we trade here. we pick one direction most of the time and follow trends/momentum. we don’t trade each small swing up/down like your suggesting. cheers

      Reply
  2. Ed

    Hey guys, are You sure that trading longs on oil is now ok. I mean Ukraine. I am not an expert, I just want to express my doubt.

    Reply

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