Trade Ideas: Crude Oil Pin Bar Signal & SPI 200 Potential Fakey Setup – April 27th, 2022 - holmesandnig62

Trade Ideas: Crude Anele Pin Bar Signal &adenylic acid; SPI 200 Potential Fakey Setup – April 27th, 2022

Note On Charts: It's important you are trading with a broker that offers New York Close Charts, (a true 5-day chart that aligns with the true New York Buddy-buddy).
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Comment Disavowal: This should not be well-advised financial advice or a recommendation to trade Beaver State adorn in any financial product. Your personal business circumstances and risk limits have not been taken into consideration in the down the stairs depth psychology and comments.

CRUDE OIL – Futures

Key levels: $51.56, $53.81, $57.35, $59.16, $62.23, $63.73, $66.22, $67.94

Price Action: Price formed a Bullish Pin Bar signal clean under the $62.23 – $63.73 distinguish resistance range nightlong. Early last week, price initially broke above the $62.23 – $63.73 key resistance range, but subsequently in the week, collapsed on itself and enclosed back below that range.

Potential Patronage Melodic theme: We are considering trading longs from the Bullish Pin Bar sign and/OR after another price activity buy signal on 4 hr or daily graph time frame, whilst price remains above the $59.16 – $57.35 key support range.

NOTE – You can patronage CRUDE OIL Futures via the trading platform we use HERE.

SPI 200 – Cash

Key levels: 6511, 6561, 6658, 6761, 6862, 6900, 6920, 7088

Mary Leontyne Pric Action: Price hammer-shaped a bullish Inside Bar pattern sportsmanlike subordinate the recent all-time highs nightlong (We are non considering trading a breakout, and would instead wait for a potential bullish Fakey Setup from this pattern). Price had pliant a bearish Tailed Saloon signal just under the late all-time highs late last week (We mentioned non view trading this signal As information technology had formed near the all-time highs, was counter-trend, and was just above the major support partition – discussed in the April 23rd members newsletter)

Potential Trade Idea:

Trade Melodic theme 1: We are considering trading longs on a potential Fakey frame-up from the circulating Bullish Inside Prevention pattern, whilst price clay above the 6862 – 6920 key support zone.

Trade Idea 2: We are silence considering trading longs connected a deep retracement lower berth and/or subsequently a price action buy signal, at or just above the 6862 – 6920 major bear out zone.

Government note – You can trade SPI 200 Cash via the trading platform we habit Hither.

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Graph Commentary Disclaimer: Nial Buckminster Fuller's and Learn To Trade The Market's psychoanalysis and comments beneath should not embody considered commercial enterprise advice or a recommendation to trade or invest in any financial product. Your personal financial circumstances and risk limits throw not been taken into consideration in the below analysis and comments. This newsletter is for widespread instructive purposes only. Do not blindly buy and sell the business enterprise products discussed in that newsletter. Always do your own analysis and research and be expressly aware of the risks and rewards in trading operating room investing in any financial product.

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Source: https://www.learntotradethemarket.com/forex-trading-commentary/trade-ideas-crude-oil-pin-bar-signal-spi-200-potential-fakey-setup-april-27th-2021

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