Market Update: ETHUSD, USDJPY & AUS200 – Oct 15TH, 2024
NOTE: This Market Newsletter is developed by using Daily Chart Time Frame, and a relevant price chart is attached to each market.
ETHUSD: Selling On Retracement Higher & After Price Action Signal At Or Within $2723 – $2815 Resistance Area
Comments: Price recently moved significantly higher from the $2304 – $2324 short-term support area.
Price invalidated the recent Long-Tailed Bearish Pin Bar Signal that had formed on Monday, Oct 7th, after moving lower from this signal initially (We suggested selling on a retracement into the range of this signal on Tuesday, Oct 8th newsletter, and hopefully some traders made some money in the initial fall).
Potential Trade Signal 1: We are looking to sell on a retracement higher and after a clear price action sell signal, at or within the $2723 – $2815 short-term resistance area.
Potential Trade Signal 2: We are looking to buy on a deeper retracement lower and after a price action buy signal, at or around the $2304 – $2324 short-term support area.
To Trade This Market With Our Preferred Broker, CLICK HERE
USDJPY: Buying On Retracement Lower To Within The Range Of Bullish Inside Bar Breakout
Comments: Price moved slightly higher from the Inside Bar Pattern that had formed on Friday, Oct 11 (We suggested buying on a breakout of this pattern on Monday, Oct 14th members daily newsletter).
Potential Trade Signal: We are now looking buy on retracement lower to within the range of the recent Bullish Inside Bar Breakout that had triggered on Monday, Oct 14th.
Below given is the orignal trade idea posted on Monday, Oct 14th in our members Discord Community
Buy Stop: 149.60
Stop Loss: 148.00
Take Profit: 152.80
NOTE: We will exit this trade manually if today’s candle doesn’t close above the high of the recent Inside Bar Pattern that had formed on Friday, Oct 11.
To Trade This Market With Our Preferred Broker, CLICK HERE
AUS200: Buying On Retracement Lower & After Price Action Signal At Or Above 8083 – 8119 Support Area
Comments: Price moved higher from within the range of the recent Bullish Pin Bar Signal that had formed just above the 8083 – 8119 short-term support area on Friday, Oct 4th (We suggested buying on a retracement lower to within the range of this signal on Tuesday, Oct 8th daily newsletter, and hopefully some traders got on board).
Potential Trade Signal: We are looking to buy on a retracement lower and after a price action buy signal, at or just above the 8083 – 8119 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.
