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Disclaimer: This newsletter 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.
USDJPY – Daily Chart
Inside Bar pattern formed recently (price could break down from here).
Bearish Pin Bar signal formed previously and is still in tact.
We are considering selling short whilst price remains below 110.80 resistance (top of current range).
GBPUSD – Weekly Chart
Bullish Weekly Pin Bar formed several weeks ago.
Price retraced into the range of the Pin Bar and has bounced aggressively.
We will consider buying on weakness whilst 1.3570 (recent low), holds.
S&P 500 – Daily Chart
Several tight Inside bar’s have formed over the past week or so. The market looks to be getting ready to make a substantial move up or down from this compressed price structure.
A large bullish Pin bar formed several weeks ago at 4355 support (now an event area).
We would consider trading longs after a deeper retracement in prices towards the 4355 to 4385 support area, and after a price action signal.
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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.