Weekly Trade Ideas Newsletter: GBPUSD, S&P 500 & SPI 200 – April 26th to 30th, 2022 - smithnighty

Note Happening Charts: It's important you are trading with a broker that offers Empire State Close Charts, (a lawful 5-day graph that aligns with the true New York Nestled).
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Commentary Disavowal: This should not be considered financial advice or a recommendation to trade or invest in any business product. Your personal financial circumstances and lay on the line limits have not been taken into consideration in the at a lower place depth psychology and comments.

GBPUSD – Spot

Key levels: 1.3570, 1.3620, 1.3671, 1.3702, 1.3760, 1.3917, 1.4002, 1.4236

Leontyne Price Action: Last Friday, toll formed an Inside Bar pattern equitable above the 1.3848 short-term support level (Not realistic to trade given the breadth of the Mother Cake and position of the Inside Bar). Tardily last week, price invalidated the bullish Pin Bar signaling that had guitar-shaped at the 1.3917 short-full term support level crude last hebdomad (We did not consider trading this signal, As we desirable to buy on a deeper tieback – discussed in Apr 22nd members newsletter). Earlier last workweek, price surged aggressively from the Optimistic Fakey + Giant Tailed Bar setup that had tadpole-shaped inside the 1.3671 – 1.3759 discover support range over a workweek ago (Cost initially sour burst down beneath the inside bar pattern that we discussed in the previous newsletter, before aggressively reversing back to variety a Optimistic Fakey setup).

Potential Trade Idea: We are tranquillize considering trading longs along retracement lower to inside the range of the Bullish Fakey + Giant Tailed Bar setup (second unplanned entry), whilst damage corpse to a higher place the 1.3671 – 1.3759 key support range.

NOTE – You ass trade Pip GBPUSD via the trading platform we use Hera.

S&P500 – Cash

Key levels: 3730, 3868, 3965, 3989, 4192

Price Action: Last Friday, cost stony-broke out above the recent Inside Prevention traffic pattern that had formed just under the all-time highs middle-last hebdomad (discussed in the April 22nd newsletter). Over a week ago, price formed a Bullish Pin Saloon signal near the recent highs, after surging higher from an extremist-small Inside Bar model that had formed swell above the 3965 – 3989 key subscribe zone around three weeks ago (discussed in the April 19th weekly newsletter).

Potential Trade Estimation:

Trade Idea 1: We are still considering trading longs happening a esoteric retracement lower, and after a price carry through buy signal on the daily graph time couc, at or retributory above the 3965 – 3989 support zone.

Trade Idea 2: Self-asserting traders might still consider trading longs along the Inside Bar break-impermissible (Price is just starting to break-out from this approach pattern), in anticipation of the recent bullish momentum continuing and taking prices to new all-time highs.

Bank bill – You can trade S&P 500 Cash via the trading political platform we use Present

SPI 200 – Cash

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

Price Action: Price lip-shaped a bearish Tailed Bar signal reasonable low the recent incomparable highs late last week (We did not deal trading this signal American Samoa it had tassel-shaped all but the incomparable highs, was counter-trend, and was just above the major support zone – discussed in the Apr 23rd newsletter). Earlier last week, toll surged aggressively after a retracement lower to the 6900 – 6920 major support zone (We had been considering trading longs along a retracement lower to it major support ramble – discussed in last Tuesday's newsletter). Last Tuesday, price bust below the Pin Bar + Inside Bar combo pattern that had perfected at all-time highs originally this week, we had only been considering trading a breakout of this pattern, however, this gaolbreak didn't trip.

Potential Trade Idea: We are still considering trading longs happening a deep retracement lower berth and/Oregon after a price action buy signal, at or sportsmanlike above the 6862 – 6920 John Roy Major musical accompaniment zone.

NOTE – You can patronage SPI 200 Cash via the trading platform we use HERE.

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Graph Commentary Disclaimer: Nial Fuller's and Learn To Trade The Grocery's analysis and comments below should not Be considered fiscal advice Oregon a passport to deal or invest in any fiscal merchandise. Your personal financial circumstances and risk limits have not been taken into consideration in the below analysis and comments. This newsletter is for general educational purposes only if. Do not blindly buy and trade the financial products discussed in this newsletter. E'er do your own analysis and research and be explicitly cognisant of the risks and rewards in trading or investing in any financial product.