Market Update: BTCUSD, GOLD & GBPUSD – Sep 30TH, 2024
NOTE: This Market Newsletter is developed by using Daily Chart Time Frame, and a relevant price chart is attached to each market.
BTCUSD: Waiting To See If The Current Inside Bar Turns Into A Potential Bullish Fakeout Setup
Comments: Price formed a Multiple Inside Bar Pattern overnight (We are not considering trading this pattern).
The Bearish Fakeout + Pin Bar Setup that had formed early last week failed (We did not consider trading this setup, nor did we mention it).
Potential Trade Signal: We are looking to see if the current Multiple Inside Bar Pattern turns into a Potential Bullish Fakeout Setup.
To Trade This Market With Our Preferred Broker, CLICK HERE
GOLD: Buying On Retracement Lower & After Price Action Signal, At Or Around the $2531 – $2546 Support Area
Comments: The Small Bullish Tailed Bar Signal that had formed late last week is now being invalidated (As of this writing).
Potential Trade Signal: We are looking to buy on a deeper retracement lower and after a price action buy signal, at or around the $2531 – $2546 short-term support area.
To Trade This Market With Our Preferred Broker, CLICK HERE
GBPUSD: Buying On A Breakout Of The Current Inside Bar Pattern
Comments: Price formed an Inside Bar Pattern late last week.
Price moved slightly higher from the recent Bullish Pin Bar Signal that had formed just above the 1.3238 – 1.3265 short-term support area, early last week (We did not consider trading this signal).
Potential Trade Signal: We are looking to buy on a breakout of the current Inside Bar Pattern that had formed late last week.
Buy Stop: 1.3440
Stop Loss: 1.3300
Take Profit: 3720
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.
