Market Update: USDJPY & GOLD – Sep 25TH, 2024
NOTE: This Market Newsletter is developed by using Daily Chart Time Frame, and a relevant price chart is attached to each market.
USDJPY: Selling From The Current Bearish Pin Bar Signal
Comments: Price formed a Bearish Pin Bar Signal overnight.
Potential Trade Signal: We are looking to sell from the current Bearish Pin Bar Signal that had formed overnight.
Potential Sell Stop Entry: 143.10
Potential Stop Loss Order: 144.80
Potential Take Profit Target: 139.70
To Trade This Market With Our Preferred Broker, CLICK HERE
GOLD: Buying On Retracement Lower & After Price Action Setup, at or around the $2532 – $2546 short-term support area
Comments: Price moved significantly higher from recent Inside Bar Pattern that had formed late last week (We did not consider trading this pattern).
The Bearish Pin Bar + Inside Bar (Combination Setup) that had formed late last week didn’t trigger.
Potential Trade Signal: We are looking to buy on a deeper retracement lower and after a price action buy signal, at or around the $2532 – $2546 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.
