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NIAL FULLER Nial Fuller
Professional Trader, Author & Coach

Weekly Trade Ideas: USDJPY, CRUDE OIL & BITCOIN – June 13th to 17th, 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.

USDJPY – SPOT: Double Bullish Pin Bar Signals (Double Bullish Pin Bar + Inside Bar Combo Setup)

Price Action: Price formed two consecutive Bullish Pin Bars + Inside Bar (Combo Setup) late last week.

Price exploded higher from the Bullish Multiple Inside Bar + Ultra-small Pin Bar (Combo Setup) that had formed around two weeks ago (We suggested trading this setup in the May 30th, weekly newsletter, and hopefully some traders got on board).

Price exploded higher from the recent Bullish Multi-Bar Fakey Setup that had formed over two weeks ago, (We suggested trading this setup in May 26th, members’ daily newsletter).

Potential Trade Idea 1: For more aggressive traders, we are considering buying on a breakout above the current Two consecutive Bullish Pin Bars + Inside Bar (Combo Setup).

Potential Trade Idea 2: We are considering buying on a retracement lower and/or after a price action buy signal, at or around the 131.35 short-term support level.

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

CRUDE OIL – Futures: Buying On A Retracement

Price Action: Price formed Potential Bullish Fakey + Small Tailed Bar Setup late last week (We are not considering trading this setup).

Price moved higher from the small Bullish Pin Bar Signal that had formed early last week (We did not consider trading this signal, nor did we mention it at the time it formed).

Price exploded higher from the long-tailed Bullish Pin Bar Signal that had formed over a week ago (We suggested trading the pullback to this signal in the June 6th, weekly newsletter).

Potential Trade Idea: We are considering buying on a retracement lower whilst price remains above the recent Bullish Pin Bar Signal that had formed just above the 109.13 – 111.18 short-term support area, over a week ago.

NOTE – You can trade CRUDE OIL Futures via the trading platform we use HERE.

BITCOIN (BTCUSD) – Cash: Price Explodes Lower From Bearish Multi-Bar Fakey Setup

(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 moved lower from the Multiple Inside Bar Pattern that had formed late last week (We did not consider trading this pattern).

The Bullish Pin Bar + Multiple Inside Bar (Combo Setup) that had formed late last week failed (We did not consider trading this setup).

Price exploded lower from the recent Bearish Multi-Bar Fakey Setup that had triggered early last week (We suggested trading this Setup in the June 9th, members’ daily newsletter).

Potential Trade Idea: We are considering selling on a retracement higher to within the range of the recent Bearish Multi-Bar Fakey Setup that had triggered early last week.

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. Thompson

    Hi Nial, do you think it is wise to short the USDJPY since it is on a retracement move even if it’s just for those short pips?

    Reply
  2. Moses Ukpabi

    Thanks master.

    Reply

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