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GBPUSD – SPOT
Worth Motion: There is no such thing as a worth motion alerts to notice right now.
Worth bought off proper from the prior Bearish A number of Inside Bar Sample + Pin Bar Sign (Combo Setup) breakdown space (We urged promoting if worth pulls again to that space within the Members February 2nd E-newsletter).
The current Bullish Tailed Bar Sign, failed (We didn’t notice this sign nor did we think about buying and selling it).
Potential Commerce Thought: We’re nonetheless contemplating promoting if worth pulls again to the prior Bearish A number of Inside Bar Sample + Pin Bar Sign (Combo Setup) breakdown space, while worth stays beneath the 1.3667 – 1.3739 short-term resistance space.
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GBPJPY – SPOT
Worth Motion: Worth exploded larger from the current Inside Bar Breakout Sample that had shaped, early final week (We urged shopping for the breakout above that sample within the February 2nd E-newsletter).
Potential Commerce Thought: We’re nonetheless contemplating shopping for if worth pulls again to the current Inside Bar Breakout space.
NOTE – You possibly can commerce Spot GBPJPY through the buying and selling platform we use HERE.
CRUDE OIL – Futures
Worth Motion: There is no such thing as a worth motion sign to notice right now.
The current Bearish Tailed Bar Sign, failed (We didn’t think about buying and selling this sign and hopefully saved some members on this market).
Worth moved considerably larger from the prior Bullish Tailed Bar Sign + Inside Bar Breakout Sample (Combo Setup) that had shaped slightly below the $84.91 – $85.41 prior resistance space – which now acts as a short-term help space, additionally a minor Occasion space.
Potential Commerce Thought 1: For extra aggressive merchants, we’re nonetheless contemplating shopping for on a retracement decrease and after a transparent worth motion purchase sign, at or across the $84.91 – $85.41 short-term help space (Minor Occasion Space)
Potential Commerce Thought 2: We’re nonetheless contemplating shopping for on a deeper pullback and/or after a worth motion purchase sign, while worth holds above the $74.17 – $77.46 short-term help space.
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Chart Commentary Disclaimer: Nial Fuller’s and Be taught To Commerce The Market’s evaluation and feedback beneath shouldn’t be thought of monetary recommendation or a suggestion to commerce or put money into any monetary product. Your private monetary circumstances and danger limits haven’t been considered within the beneath evaluation and feedback. This text is for normal academic functions solely. Don’t blindly purchase and promote the monetary merchandise mentioned on this e-newsletter. At all times do your individual evaluation and analysis and be expressly conscious of the dangers and rewards in buying and selling or investing in any monetary product.