Market Update: GBPUSD & ETHUSD – Nov 22ND, 2024
NOTE: This Market Newsletter is developed by using Daily Chart Time Frame, and a relevant price chart is attached to each market.
GBPUSD: Selling On Retracement Higher To Within The Range Of Bearish Fakeout + Pin Bar Setup
Comments: Price moved slightly lower from the recent Bearish Fakeout + Pin Bar Setup that had formed on Wednesday, Nov 20th (We suggested selling on a breakdown of this Setup in the Nov 21st members daily newsletter).
Potential Trade Signal: We are looking to sell on a retracement higher to within the range of the recent Bearish Fakeout + Pin Bar Setup that had triggered on Thursday, Nov 21st.
Below given is the orignal signal posted in the Nov 21st members daily newsletter
Sell Stop: 1.2590 – This Trade is Active
Stop Loss: 1.2725
Take Profit: 1.2320
To Trade This Market With Our Preferred Broker, CLICK HERE
ETHUSD: Buying On Retracement Lower & After Price Action Signal At Or Above $3223 Support Level
Comments: Price exploded higher from the $3010 – $3030 short-term support area overnight.
Potential Trade Signal: We are looking to buy on a retracement lower and after a price action buy signal at or just above the $3223 short-term support level.
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.
