Market Update: GOLD & USDJPY – Oct 29TH, 2024
NOTE: This Market Newsletter is developed by using Daily Chart Time Frame, and a relevant price chart is attached to each market.
GOLD – SPOT: Buying On Breakout Of Bullish Multiple Inside Bar + Pin Bar (Combination Setup)
Comments: Price has been forming a Bullish Multiple Inside Bar + Pin Bar (Combination Setup) since Friday, Oct 25th (We suggested buying the breakout of this setup on Monday Oct 28th daily market newsletter).
Potential Trade Signal 1: For more aggressive traders, we are looking to buy on a breakout above the high of the current Bullish Multiple Inside Bar + Pin Bar (Combination Setup) that has been forming since Friday, Oct 25th.
Buy Stop: $2760
Stop Loss: $2710
Take Profit: $2900
Potential Trade Signal 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
USDJPY: Buying On Retracement Lower To Within The Range Of Bullish Multiple Inside Bar Breakout
Comments: Price moved briefly higher from the most recent Multiple Inside Bar Pattern that had formed on Friday, Oct 25th (We suggested buying on a retracement lower into the range of this pattern on Monday Oct 28th members daily newsletter).
Potential Trade Signal: We are looking to buy on a retracement lower to within the range of the most recent Bullish Multiple Inside Bar Breakout that had triggered on Monday, Oct 28th.
Below is the orignal Trade Idea posted on Monday, Oct 28th.
Buy Limit: 153.18
Stop Loss: 150.90
Take Profit: 157.74
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.
