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Trade Ideas: EURUSD: Potential Inside Bar Break Down & GOLD: Waiting To Sell Short On A Retracement

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Trade Ideas: EURUSD: Potential Inside Bar Break Down & GOLD: Waiting To Sell Short On A Retracement


Note On Charts: It’s imperative to your trading success that you are trading with a broker that offers ‘New York Close Forex Charts‘, (a true 5 day chart that aligns with the New York Close).

Chart Commentary Disclaimer: Nial’s views on the Charts is not advice or a recommendation to trade or invest, it is educational and general information only. Don’t blindly buy and sell the markets/products discussed in this newsletter, do your own research and be aware of the risks and rewards.

EURUSD: Inside Bar Pattern Could Trigger A Break Down

Trend: Bearish

Relevant Key Levels: Resistance at 1.1105, 1.1180 and 1.1280. Support at 1.0805, 1.0925 and 1.1005 to 1.1050

Price Action: An Inside Bar formed early this week.

Current Notes: The long term bias remains bearish as prices remain contained below the 1.1280 long term resistance range.

Potential Trade Idea: We will consider selling short on any short term bounce in prices and after a bearish price action sell signal (Pin Bar or Inside Bar break out) whilst prices remain below the 1.1180 resistance area. Initial downside targets to the 1.0925 – 1.1005 area.

NOTE – You can trade EURUSD via the preferred trading platform we use HERE.

https://www.learntotradethemarket.com/ - Trade Ideas: EURUSD: Potential Inside Bar Break Down & GOLD: Waiting To Sell Short On A Retracement

GOLD: Selling On Any Bounce Back Towards $1520 Resistance

Trend: Bearish

Relevant Key Levels: Support at $1350, $1380, $1400 and $1440 to $1450’s area. Resistance at $1525 and $1550.

Price Action: A Bullish Pin Bar formed again at the $1450 early this week. Price remains contained below a recent Bearish Pin Bar that had formed just under the $1525 level several weeks ago. (event area)

Current Notes: Price may bounce in the short term, however, the short term bias is still bearish under $1525 resistance. The long term bias is still bullish whilst prices remain supported above the $1400 support area.

Potential Trade Idea: We will consider selling after a bounce in prices and after a price action sell signal to confirm a short entry (eg: Bearish Pin Bar) whilst prices remain below $1525 resistance area, targeting a move back down to the $1450’s area.

NOTE – You can trade Spot GOLD via the preferred trading platform we use HERE.

https://www.learntotradethemarket.com/ - Trade Ideas: EURUSD: Potential Inside Bar Break Down & GOLD: Waiting To Sell Short On A Retracement

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All Members of Nial Fuller’s trading courses & members area get access to Nial’s daily trade setups ideas newsletter. You will get potential trade ideas and technical chart analysis on Currency Pairs, Commodities, Stock Indices and more. For More Info Visit the Course Membership Page Here.

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