Weekly Commerce Concepts: EURUSD, GBPUSD & GOLD – January thirty first to February 4th, 2022

Date:


Be aware On Charts: It’s essential you might be buying and selling with a dealer that provides True 5 Day New York Shut Charts.

Be aware On Brokers: Obtain our Most well-liked Dealer Platform with New York Shut Charts Right here.

EURUSD – SPOT

Value Motion: Value moved down beneath the latest Bullish Pin Bar Sign that had shaped simply above the 1.1284 prior short-term assist stage, early final week (We didn’t take into account buying and selling that sign and hopefully saved some members on this market).

Value broke and closed below the 1.1185 – 1.1225 prior short-term assist space.

Potential Commerce Thought: We’re contemplating promoting into energy and after a worth motion promote sign, while worth stays below the 1.1383 – 1.1422 short-term resistance space.

NOTE – You possibly can commerce Spot EURUSD through the buying and selling platform we use HERE.

GBPUSD – SPOT

Value Motion: Value shaped an Inside Bar Sample + Bearish Tailed Bar Sign (Combo Setup) simply above the 1.3360 – 1.3419 key assist space, late final week.

The latest Bullish Pin Bar Sign, failed.

Potential Commerce Thought 1: For extra aggressive merchants, we’re contemplating promoting on a breakdown beneath the present Inside Bar Sample + Bearish Tailed Bar Sign (Combo Setup), with tight danger administration.

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 below the 1.3667 – 1.3739 short-term resistance space.

NOTE – You possibly can commerce Spot GBPUSD through the buying and selling platform we use HERE.

GOLD – SPOT

Value Motion: Value shaped a Bullish Tailed Bar Sign simply above the $1782 short-term assist stage, late final week (We aren’t contemplating buying and selling this sign as we favor to purchase on a deeper retrace to the important thing assist areas).

Value moved down beneath the Bullish Tailed Bar Sign that had shaped, early final week (We didn’t take into account buying and selling that sign and hopefully saved some members on this market – mentioned within the January twenty sixth E-newsletter).

Value lately collapsed again beneath the $1831 prior short-term assist stage. General we’re in a broader sideways vary with no clear path – zoom out to see.

Potential Commerce Thought: We are actually contemplating shopping for on a retracement decrease and after a worth motion purchase sign, inside or across the $1752 – $1764 key assist space.

NOTE – You possibly can commerce Spot Gold through the buying and selling platform we use HERE.

Be a part of My Professional Buying and selling Course & Commerce Concepts E-newsletter: go to the Membership Web page Right here.

Get The Right Charts We Use: Obtain our Most well-liked Charting & Dealer Platform Right here.

Already A Member? Log In To Members Space
Right here.

Please Go away A Remark Under With Your Questions or Suggestions.

Chart Commentary Disclaimer: Nial Fuller’s and Study 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 instructional 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.

Print Friendly, PDF & Email

Nial Fuller Professional Trading Course
Preferred broker 2020 v1

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Share post:

Popular

More like this
Related