AUGUST SPECIAL: 50% Off Nial Fuller's Pro Trading Course & Trade Ideas Newsletter (Ends Aug 31st) -
Nial Fuller

NIAL FULLER Nial Fuller
Professional Trader, Author & Coach

Weekly Trade Ideas: USDJPY, EURUSD & BITCOIN – July 4th to 8th, 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: Buying On Retracement Lower To Within The Range Of  The Bullish Multi-Bar Fakey Setup

Price Action: Price moved slightly higher from the Multiple Inside Bar + ultra-small Bullish Pin Bar (Combo Setup) that had formed early last week.

Price moved briefly higher from the recent Bullish Multi-Bar Fakey Setup that had formed over a week ago (We suggested trading this setup on a breakout above the Mother Bar high, in the June 28th, daily newsletter).

Potential Trade Idea 1: We are considering buying on a retracement lower to within the range of the most recent Bullish Multi-Bar Fakey Setup.

Potential Trade Idea 2: We are considering buying on a retracement lower and 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.

EURUSD – SPOT: Selling On Retracement Higher To Within The range of The Bearish Multi-Bar Fakey Setup

Price Action: Price formed a Bullish Tailed Bar Signal late last week (We are not considering trading this signal).

The prior Bullish Pin Bar Signal that had formed late last week failed (We did not consider trading this signal).

Price moved lower from the Bearish Multi-Bar Fakey Setup that had formed early last week, (We suggested trading this Setup on a breakdown below the Mother Bar low, in the June 28th, members’ daily newsletter).

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

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

BITCOIN (BTCUSD) – Cash: Selling On Retracement Higher To Within The Range Of The Bearish Pin Bar Signal

(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 a Bearish Pin Bar Signal late last week.

Price moved lower from the Bearish Pin Bar Signal that had formed early last week (We suggested trading this signal in the June 28th, daily newsletter and hopefully some traders got on board).

Price moved lower from within the range of the recent Bearish Inside Bar + ultra-small Pin Bar (Combo Setup) that had formed on Friday, June 17th (We have been considering selling the pullback to this setup since June 20th, weekly newsletter).

Potential Trade Idea 1: We are considering selling on a retracement higher to within the range of the current Bearish Pin Bar Signal.

Potential Trade Idea 2: We are considering selling on a retracement higher to within the range of the recent Bearish Inside Bar + ultra-small Pin Bar (Combo Setup) that had formed on Friday, June 17th.

Potential Trade Idea 3: We are considering selling on a retracement higher and only after a price action signal, whilst price remains below the $25339 short-term resistance level.

NOTE – You can trade BITCOIN & CRYPTO CURRENCY via the trading platform we use HERE.

Join My Pro Trading Course & Trade Ideas Newsletter: visit the Membership Page Here.

Get The Correct Charts We Use: Download our Preferred Charting & Broker Platform Here.

Already A Member? Log In To Members Area
Here.

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.

Print Friendly, PDF & Email

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.
Nial Fuller Professional Trading Course Preferred broker 2020 v1
  1. Barrie Strong

    think USD / JPY has reached it’s apex. Closure below the T-Line on the daily chart after reaching a double top. I’m selling with stop loss at break even already and looking for Fibonacci retracement at about 125.00

    Reply

Leave a Comment

Your email address will not be published.

[class^="wpforms-"]
[class^="wpforms-"]
[class^="wpforms-"]
[class^="wpforms-"]
[class^="wpforms-"]
[class^="wpforms-"]
[class^="wpforms-"]
[class^="wpforms-"]
[class^="wpforms-"]
[class^="wpforms-"]