Market Update: AUDUSD & S&P500 – Oct 2nd, 2024
NOTE: This Market Newsletter is developed by using Daily Chart Time Frame, and a relevant price chart is attached to each market.
AUDUSD: Buying On Retracement Lower & After Price Action Signal, At Or Above 0.6767 – 0.6824 Support Area
Comments: Price moved higher from the recent Inside Bar Pattern that had formed on Friday, Sep 20th (We did not consider trading this pattern, nor did we mention it).
Potential Trade Signal: We are looking to buy on a retracement lower and after a price action buy signal, at or just above the 0.6767 – 0.6824 short-term support area, which coincides with the recent Bullish Inside Bar Breakout that occurred on Monday, Sep 23rd.
To Trade This Market With Our Preferred Broker, CLICK HERE
S&P500: Buying On Retracement Lower & After Price Action Signal, At Or Around the 5570 – 5590 Support Area
Comments: The Potential Bullish Fakeout + Ultra Small Pin Bar Setup that is formed earlier this week didn’t trigger and has now been invalidated (We suggested buying on a breakout of the high of this Setup in Yesterday’s members newsletter, and our “Buy Stop” orders didn’t trigger).
Potential Trade Signal: We are looking to buy on a deeper retracement lower and after a price action signal, at or around the 5570 – 5590 short-term support area.
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.
