Weekly Market Update: USDJPY, BTCUSD & GER40, Feb 17th – 23rd, 2025
NOTE: This market newsletter is based on analysis conducted using the daily chart timeframe. Each market discussed is accompanied by a corresponding price chart for clarity and reference.
USDJPY: Selling On Retracement Higher & After Price Action Signal At Or Within 154.81 – 155.88 Resistance Area
Comments: Price moved slightly lower from the recent Giant Inside Bar Pattern that had formed on Thursday, Feb 13th (We did not consider trading this pattern nor did we mention it).
Potential Trade Signal 1: We are looking to sell on a deeper retracement higher and after a price action sell signal, at or within the 154.81 – 155.88 short-term resistance area.
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 148.62 – 149.34 short-term support area.
To Trade This Market With Our Preferred Broker, CLICK HERE
BITCOIN – BTCUSD: Buying On Retracement Lower & After Price Action Signal At Or Above $88964 – $91085 Support Area
Comments: Price has been consolidating just below the $97649 – $99930 short-term resistance area.
Potential Trade Signal: We are looking to buy on a retracement lower and after a price action buy signal, at or within the $88964 – $91085 short-term support area.
To Trade This Market With Our Preferred Broker, CLICK HERE
GER40 – CASH: Waiting To See If The Current Inside Bar Pattern Turns Into A Potential Bullish Fakeout Setup
Comments: Price formed an Inside Bar Pattern on Friday, Feb 14th (We are not considering trading this pattern).
Potential Trade Signal 1: We are waiting to see if the current Inside Bar Pattern turns into a Potential Bullish Fakeout setup.
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 21820 short-term support level.
To Trade This Market With Our Preferred Broker, CLICK HERE
We will love to hear your Feedback!
To get access to our Premium Discord & Facebook Groups and get daily updates on 20+ markets – CLICK HERE
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.
