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Forex review blog for you

My Forex review blog for you

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Weekly Trade Ideas & Chart Analysis by Nial Fuller

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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.

Weekly Trade Ideas & Chart Analysis by Nial Fuller – June 3rd to 7th, 2019

All charts illustrated are daily chart time frames unless marked otherwise.

EURUSD – Sellers maintain control below 1.1260 key resistance.

Trend: Bearish

Relevant Key Levels: Resistance 1.1490 and 1.1265. Support 1.1110

Price Action: Bullish tailed bar/Pin Bar Reversal forms at 1.1110 support recently and remains active. Prior bearish pin bar that formed at 1.1260 recently remains active.

Current Notes: We prefer to sell on strength whilst price is under the 1.1265 resistance area.

Potential Trade Idea: We will consider selling short on any pockets of strength towards 1.1265 resistance, targeting a move back to the recent low at 1.1110 and then potentially much lower.

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

USDJPY – Trend turns increasingly bearish as 109.00 support gives way to sellers.

Trend: Bearish

Relevant Key Levels: Resistance 114.50 and 112.00, 111.00 and 108.50 to 109.00. Support 104.60.

Price Action: Price collapsed below 108.50 major support.

Current Notes: We prefer selling whilst price remains under 108.50 to 109.00 resistance, targeting a move down towards the old 104.60 support level.

Potential Trade Idea: We will consider selling on a Price Action Signal around 108.50 to 109.00 resistance, downside targets 104.60 area.

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

GOLD – Price surges after multiple bullish price action signals.

Trend: Bullish

Relevant Key Levels: Support at $1180-$1220, $1237, $1266-$1280. Resistance at $1305-$1310, $1325 and $1355.

Price Action: Pin bar + Inside Bar Signal that formed at $1280 support 10 days ago + A subsequent fakey signal several days ago have triggered a strong move higher.

Current Notes: After a strong base around $1266 to $1280 support, we still prefer buying on weakness whilst price holds above the $1280 support.

Potential Trade Idea: We will continue to consider buying Gold on any price weakness whilst prices hold above $1280 support level. Targeting a move back up to low to mid $1300’s.

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

Members Get Daily Trade Ideas & Chart Analysis From Nial Fuller Every Day … 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.

Note: –  Download a Free Trial of the Broker & Charting Platform We Use HERE.

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