Market Update: EURUSD & CRUDE OIL – Oct 31ST, 2024

NOTE: This Market Newsletter is developed by using Daily Chart Time Frame, and a relevant price chart is attached to each market.

EURUSD: Selling On Retracement Higher & After Price Action Signal At Or Below 1.0949 Resistance Level

Comments: Price moved slightly higher from the recent Bullish Long-Tailed Pin Bar Signal that had formed on Tuesday, Oct 29th (We did not consider trading this signal).

Potential Trade Signal: We are looking to sell on a retracement higher and after a price action sell signal, at or just below the 1.0949 short-term resistance level.

To Trade This Market With Our Preferred Broker, CLICK HERE

CRUDE OIL – WTI: Selling On Retracement Higher & After Price Action Signal At Or Below $71.32 – $72.19 Resistance Area

Comments: Price gapped significantly lower on Monday, Oct 28th from the most recent Bearish Fakeout + Long Tailed Pin Bar Setup that had formed on Thursday, Oct 24th (We suggested selling on a retracement higher into the range of this setup on Friday, Oct 25th daily newsletter and hopefully some traders got on board).

Potential Trade Signal: We are looking to sell on a retracement higher and after a price action sell signal, at or just below the $71.32 – $72.19 short-term resistance area, which coincides with the recent Bearish Fakeout + Long Tailed Pin Bar Setup that had triggered on Monday, Oct 28th.

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.

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