Hello Price Action Traders.
The pair, over the last week, continued to push upwards after the trading signal last week. On Friday, has formed a new Inside Bar that has potential speculative and is one of my most used trading signals. Having regard to the short-term ”bullish” trend I prefer long trades on rupture of 1.3400 area that could move the pair about 100 pips above at 1.3500. If the price break downward the 1.3270 the first support area is 1.3180.
Usd/Jpy lost a lot of ground in the last week in violation of several important lows. In my forex trading advices service we attended a good bearish movement who scored a + 2.00%. Now the price forms an Inside Bar that, on breaches of 93.75 area price would open spaces to run toward 92.50 and then 91.00 if price keep breaking lows. From here you will need to pay attention as possible market reversal.
US CRUDE OIL
Oil WTI has just completed a significant price break occurred just last Friday. The market closes near $ 98.00 and it is interesting to see the next steps to take long position. A trading signal at $ 97.00 area or consolidation in this zone is nice to plan a short-term transaction for buying this market.
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