Weekly Trade Ideas Newsletter: GBPUSD, S&P 500 & SPI 200 – April 26th to 30th, 2021. GBPUSD Bullish Fakey + Giant Tailed Bar setup, S&P 500 Buying a Pull-back, SPI 200 Buying a Pull-back. Last Friday, price formed an Inside Bar pattern just above the 1.3848 short-term support level (Not possible to trade given the width of the Mother Bar and position of Inside Bar). Late last week, price invalidated the bullish Pin Bar signal that had formed at the 1.3917 short-term support level early last week (We did not consider trading this signal, as we preferred to buy on a deeper pullback – discussed in April 22nd newsletter). Earlier last week, price surged aggressively from the Bullish Fakey + Giant Tailed Bar setup that had formed within the 1.3671 – 1.3759 key support range over a week ago (Price initially false break down below the inside bar pattern that we discussed in the previous newsletter, before aggressively reversing back up to form a Bullish Fakey setup).
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