Market Update: USDJPY, AUS200 & GOLD – Oct 21st, 2024
NOTE: This Market Newsletter is developed by using Daily Chart Time Frame, and a relevant price chart is attached to each market.
USDJPY: Buying On Retracement Lower To Within The Range Of Bullish Inside Bar Breakout
Comments: Price formed an Inside Bar Pattern on Friday, Oct 18th (We are not considering trading this pattern).
Price moved briefly higher from the recent Inside Bar Pattern that had formed on Wednesday, Oct 16th (We suggested buying the breakout of this Pattern on Thursday, Oct 17th daily market newsletter).
Potential Trade Signal: We are looking to buy on a retracement lower to within the range of the recent Bullish Inside Bar Breakout that had triggered on Thursday, Oct 17th.
Below given is the Original Trade Ideas posted on Thursday, Oct 17th.
Buy Stop: 149.84
Stop Loss: 148.80
Take Profit: 152.00
To Trade This Market With Our Preferred Broker, CLICK HERE
AUS200 – Cash: Buying On Retracement Lower To Within The Range Of Bullish Pin Bar Signal
Comments: Price formed a Bullish Pin Bar Signal just above the 8288 short-term support level on Friday, Oct 18th.
Potential Trade Signal: We are looking to buy on a retracement lower to within the range of the current Bullish Pin Bar Signal.
Buy Now (Current Price): 8347
Buy Limit: 8310
Stop Loss: 8240
Take Profit: 8500
To Trade This Market With Our Preferred Broker, CLICK HERE
GOLD – SPOT: Buying On Retracement Lower & After Price Action Signal At Or Above $2685 Support Level
Comments: Price recently broke and closed above the $2685 old resistance level, which now acts as short-term support level.
Potential Trade Signal: We are looking to buy on a retracement lower and after a price action buy signal, at or just above the $2685 short-term support level.
To Trade This Market With Our Preferred Broker, CLICK HERE
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Disclaimer: The risk of loss in trading financial market products, like Cryptocurrencies can be substantial. You should therefore carefully consider whether such trading is suitable for you in light of your financial condition. Any content posted here should not be considered financial or Trading advice, this newsletter is just for information purposes and is just the author’s opinion.
