Weekly Trade Ideas: S&P 500, CRUDE OIL & GBPJPY – 24th August, 2022 - manzerwitert

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Disclaimer: This newsletter should not be well-advised financial advice or a recommendation to deal or enthrone in any financial product. Your personal financial circumstances and danger limits have not been taken into consideration in the below analysis and comments.

S&P 500 Forefinger – Daily Chart

Price surged from a optimistic Tholepin Bar signalise that formed within the 4388 and 4425 support area antecedently mentioned in the members newsletter last week. (this is now an Event Area).

We are again considering waiting for a retracement lower in prices + price action buy impressive happening the 4 hr or daily chart, at or around the 4388 to 4425 support area.

CRUDE OIL – Daily Chart

Several Bullish Bowling pin Parallel bars unsuccessful every bit price broke below $65.00 support stage, activating a short term bearish trend. Nearby resistance is now at most recent swing high approximately $69.70 resistance layer.

We are considering marketing short connected a retracement high, at our just infra $69.70 resistance level, ideally after a Mary Leontyne Pric action signal connected the 4 time of day Beaver State unit of time chart time skeletal frame.

GBPJPY – Daily Chart

A trading range persists between the 148.55 digest level and 153.40 resistance level. There is also a prior Result Area (optimistic Pin Taproo) around the 148.55 support level.

Not considering anything at the moment and volition update the members newsletter this week with some electric potential opportunities.

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Chart Commentary Disclaimer: Nial Fuller's and Learn To Merchandise The Market's analytic thinking and comments beneath should non be considered business enterprise advice OR a recommendation to trade or invest in any financial product. Your personal financial circumstances and risk limits make non been taken into consideration in the below psychoanalysis and comments. This newssheet is for general educational purposes only. Doh not blindly buy out and betray the financial products discussed in this newsletter. Always do your own analysis and enquiry and be expressly aware of the risks and rewards in trading or investing in whatever financial product.