Commerce Concepts: GBPUSD Bullish Pin Bar, Crude Oil Replace & Gold Shopping for A Pullback – Jan twenty sixth, 2022


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GBPUSD – SPOT

Worth Motion: Worth shaped a Bullish Pin Bar Sign simply above the 1.3360 – 1.3419 short-term help space (Prior Occasion Space), in a single day.

Not too long ago, worth moved decrease from the prior Bearish A number of Inside Bar Sample + Pin Bar Sign (Combo Setup) that had shaped slightly below the 1.3667 – 1.3739 short-term resistance space, late final week (We mentioned this commerce thought in our January twenty first Commerce Concepts Publication).

Potential Commerce Thought 1: We’re contemplating shopping for on retracement decrease to inside the 50% vary of the present Bullish Pin Bar Sign, while worth holds above the 1.3360 – 1.3419 short-term help space (Prior Occasion Space).

Potential Commerce Thought 2: We’re nonetheless contemplating promoting if worth pulls again to the latest 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.

NOTE – You may commerce Spot GBPUSD by way of the buying and selling platform we use HERE.
GOLD – SPOT

Worth Motion: Worth shaped a Bullish Tailed Bar Sign simply above the $1831 short-term help degree, in a single day (Not contemplating buying and selling this sign as we choose to purchase on a deeper pullback to key help areas).

Worth just lately moved greater from the prior Bullish Tailed Bar Sign that had shaped, early final week, and closed above the $1831 prior short-term resistance degree.

Issues have turned mildly Bullish as we are actually above the $1831 short-term prior resistance space. There’s a main resistance degree at $1877. General we’re in a broader sideways vary with no clear path – zoom out to see.

Potential Commerce Thought: We’re nonetheless contemplating shopping for on a retracement decrease and after a worth motion sign, inside or across the $1782 – $1805 short-term help space.

NOTE – You may commerce Spot Gold by way of the buying and selling platform we use HERE.

CRUDE OIL – Futures

Worth Motion: Worth shaped a Bullish Tailed Bar Sign + Inside Bar Sample (Combo Setup), in a single day (We’re not contemplating buying and selling this sign because it had shaped slightly below the key resistance vary – Prior Occasion Space and the prior Bearish Pin Bar Sign stays lively and we choose to purchase on a deeper retracement decrease to key help areas).

Potential Commerce Thought 1: For extra aggressive merchants, we’re nonetheless contemplating promoting from the latest Bearish Pin Bar Sign, with stops effectively above the Pin Bar’s excessive.

Potential Commerce Thought 2: We’re nonetheless contemplating shopping for on a retracement decrease and/or after a worth motion purchase sign, while worth holds above the $74.17 – $77.46 short-term help space.

NOTE – You may commerce CRUDE OIL Futures by way of the buying and selling platform we use HERE.
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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 spend money on 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 instructional functions solely. Don’t blindly purchase and promote the monetary merchandise mentioned on this e-newsletter. At all times do your personal evaluation and analysis and be expressly conscious of the dangers and rewards in buying and selling or investing in any monetary product.

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