Market Update: ETHUSD, GOLD & GBPUSD – Oct 28TH, 2024
NOTE: This Market Newsletter is developed by using Daily Chart Time Frame, and a relevant price chart is attached to each market.
ETHUSD: Buying On Retracement Lower To Within The Range Of Bullish Pin Bar Signal
Comments: Price moved slightly higher from the most recent Long-Tailed Bullish Pin Bar Signal that had formed just above the $2461 short-term support level on Saturday, Oct 26th (We did not consider trading this signal, nor did we mention it).
Potential Trade Signal: We are looking to buy on a retracement lower to within the range of the most recent Long-Tailed Bullish Pin Bar Signal that had formed on Saturday, Oct 26th.
Buy Limit: $2450
Stop Loss: $2350
Take Profit: $2650
To Trade This Market With Our Preferred Broker, CLICK HERE
GOLD: Buying On Breakout Of Bullish Multiple Inside Bar + Pin Bar (Combination Setup)
Comments: Price formed a Bullish Multiple Inside Bar + Pin Bar (Combination Setup) on Friday, Oct 25th.
Potential Trade Signal 1: For more aggressive traders, we are looking to buy on a breakout above the high of the most recent Bullish Multiple Inside Bar + Pin Bar (Combination Setup) that had formed on Friday, Oct 25th.
Buy Stop: $2760
Stop Loss: $2700
Take Profit: $2900
Potential Trade Idea 2: 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
GBPUSD: Selling On Breakdown Of Bearish Fakeout + Ultra-Small Pin Bar Setup
Comments: Price formed a Bearish Fakeout + Ultra-Small Pin Bar Setup on Friday, Oct 25th.
Price moved lower from within the range of the recent Bearish Multi-Bar Fakeout Setup that had triggered on Wednesday, Oct 16th.
Potential Trade Signal: We are looking to sell on a breakdown below the low of the current Bearish Fakeout + Ultra-Small Pin Bar Setup that had formed on Friday, Oct 25th.
Sell Stop: 1.2900
Stop Loss: 1.3020
Take Profit: 1.2670
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.
