Weekly Trade Ideas Newsletter: GBPUSD, AUDUSD & CRUDE OIL – May 10th to 14th, 2021

Note On Charts: It’s important you are trading with a broker that offers New York Close Charts, (a true 5-day chart that aligns with the true New York Close).
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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.

GBPUSD – SPOT

Price Action: Price broke up from a multiple Inside Bar pattern late last week.

Idea: We are considering trading longs on a retracement lower and after a price action signal, whilst price holds above the 1.3830 support level.

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

AUDUSD – SPOT

Price Action: Price surged from the bullish Fakey setup + Pin Bar signal has formed last week (discussed in recent newsletters)

Idea: We are considering trading longs on a retracement lower into the range of the bullish Fakey Setup + Pin Bar signal range (second chance entry), whilst prices holds above the 0.7660 support level.

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

CRUDE OIL – FUTURES

Price Action: A bullish Pin Bar formed late last week right at the $63.85 short term support level.

Idea: We are considering trading longs on a retracement lower, and after a price action buy signal, whilst prices holds above the $60.69 to $62.21 support range.

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.