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GBPUSD, GBPJPY & Crude Oil – February seventh to eleventh, 2022 » Study To Commerce The Market


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GBPUSD – SPOT

Worth Motion: There is no such thing as a value motion alerts to notice right now.

Worth offered off proper from the prior Bearish A number of Inside Bar Sample + Pin Bar Sign (Combo Setup) breakdown space (We instructed promoting if value pulls again to that space within the Members February 2nd Publication).

The current Bullish Tailed Bar Sign, failed (We didn’t observe this sign nor did we think about buying and selling it).

Potential Commerce Thought: We’re nonetheless contemplating promoting if value pulls again to the prior Bearish A number of Inside Bar Sample + Pin Bar Sign (Combo Setup) breakdown space, while value stays below the 1.3667 – 1.3739 short-term resistance space.

NOTE – You may commerce Spot GBPUSD through the buying and selling platform we use HERE.

GBPJPY – SPOT

Worth Motion: Worth exploded larger from the current Inside Bar Breakout Sample that had shaped, early final week (We instructed shopping for the breakout above that sample within the February 2nd Publication).

Potential Commerce Thought: We’re nonetheless contemplating shopping for if value pulls again to the current Inside Bar Breakout space.

NOTE – You may commerce Spot GBPJPY through the buying and selling platform we use HERE.

CRUDE OIL – Futures

Worth Motion: There is no such thing as a value motion sign to notice right now.

The current Bearish Tailed Bar Sign, failed (We didn’t think about buying and selling this sign and hopefully saved some members on this market).

Worth moved considerably larger from the prior Bullish Tailed Bar Sign + Inside Bar Breakout Sample (Combo Setup) that had shaped just below the $84.91 – $85.41 prior resistance space – which now acts as a short-term help space, additionally a minor Occasion space.

Potential Commerce Thought 1: For extra aggressive merchants, we’re nonetheless contemplating shopping for on a retracement decrease and after a transparent value motion purchase sign, at or across the $84.91 – $85.41 short-term help space (Minor Occasion Space)

Potential Commerce Thought 2: We’re nonetheless contemplating shopping for on a deeper pullback and/or after a value motion purchase sign, while value holds above the $74.17 – $77.46 short-term help space.

NOTE – You may commerce CRUDE OIL Futures through the buying and selling platform we use HERE.

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Chart Commentary Disclaimer: Nial Fuller’s and Study To Commerce The Market’s evaluation and feedback under shouldn’t be thought of monetary recommendation or a suggestion to commerce or spend money on any monetary product. Your private monetary circumstances and danger limits haven’t been considered within the under evaluation and feedback. This text is for common instructional functions solely. Don’t blindly purchase and promote the monetary merchandise mentioned on this publication. All the time do your individual evaluation and analysis and be expressly conscious of the dangers and rewards in buying and selling or investing in any monetary product.

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