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Forex review blog for you

My Forex review blog for you


Weekly Trade Setups Ideas & Chart Analysis


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 – September 16th to 20th, 2019

All charts illustrated are daily time frames unless marked otherwise.

EURUSD – Bearish Beneath 1.1180 to 1.1280 Resistance, Despite Short Term Bounce

Trend: Bearish / Neutral

Relevant Key Levels: Resistance at 1.1180, 1.1280, 1.1325, 1.1430 and 1.1570. Support at 1.0805 and 1.0960

Price Action: A small bearish Pin Bar formed late last week just under resistance. Massive bullish Pin Bar forms last Friday (counter trend), this signal has neutralized any prior bearish signals.

Current Notes: The short term bias remains bearish as prices remain contained below the overhead 1.1180 to 1.1280 resistance.

Potential Trade Idea: We will consider selling short on any pockets of strength or from a bearish price action sell signal, whilst price remains below the 1.1180 to 1.1280 resistance area. Initial downside targets 1.0805.

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

GOLD – Likely To Pull Back From Bearish Pin Bar Before Upward Trend Resumes

Trend: Bullish

Relevant Key Levels: Support at $1350, $1380, $1400, $1440 and $1480 area. Resistance at $1550

Price Action: A Long-Tailed Bearish Pin Bar formed mid last week.

Current Notes: Price tested the recent highs at $1550 resistance and rejected back strongly. Despite the short term pull back, the bias is bullish whilst prices remain supported above the $1400 to $1440 key support levels.

Potential Trade Idea: We will consider buying after a minor retracement lower and after a clear price action buy signal around the $1400 to $1440 support area, targeting a move back up to $1525 to $1550 area.

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

S & P 500 – Looking To Buy On Weakness Around 2940 to 2960 Short Term Support

Trend: Neutral

Relevant Key Levels: Support at 2940 to 2960, 2890 to 2915,  2860-90 and 2800-2825. Resistance at 3030 and 3000

Price Action: A bullish Pin Bar forms at 2940-60 short term support range recently. 2 weeks ago price surged to close above 2940 to 2960 Resistance Area and activates a bullish continuation.

Current Notes: The break and close above the 2940 to 2960 resistance has opened the door for a push back towards the old highs at 3000-3030 again. The bias remains very bullish whilst the long term 2800 to 2825 key support area holds firm.

Potential Trade Idea: We will continue to consider buying on a clear price action buy signal around the 2940-2960 area 0r 2890-2915 support area. Watch for a price action signal at these key support areas this week. Upside targets to 3000 and 3030.

NOTE – You can trade S & P 500 via the preferred trading platform we use HERE.

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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.

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

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