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Forex review blog for you

My Forex review blog for you

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Weekly Trade Setups Ideas & Chart Analysis By Nial Fuller

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Weekly Trade Setups Ideas & Chart Analysis By Nial Fuller


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 Setups Ideas & Chart Analysis By Nial Fuller – Nov 18th to 22nd, 2019

GBPUSD – Inside Bar Break Out Triggers

Trend: Bullish

Relevant Key Levels: Resistance 1.3000. Support at 1.1990, 1.2250, 1.2380 to 1.2580 area and minor support at 1.2780.

Price Action: Price breaks higher last week from a multiple Inside Bar pattern right above the 1.2780 short term support level.

Current Notes: The short term bias moves to bullish whilst price is supported above both 1.2380 to 1.2580 support area.

Potential Trade Idea: We will consider buying on any weakness and/OR after a price action buy signal (eg: Inside Bar break out), whilst prices remains above the 1.2580 support area. Upside Targets to 1.3000.

NOTE – We will not personally be holding trades over the weekend due to potential price gaps at this time during ongoing BREXIT discussions/deals in the UK.

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

https://www.learntotradethemarket.com/ - Weekly Trade Setups Ideas & Chart Analysis By Nial Fuller

AUDUSD – Waiting For Bounce To Sell Short At Event Area

Trend: Bearish

Relevant Key Levels: Resistance 0.7205, 0.7080, 0.7050, and 0.6900 area. Support 0.6700

Price Action: Price sells off from a double Long Tailed Pin Bar pattern that formed under the 0.6900 resistance level recently (event area).

Current Notes: The bias is bearish whilst prices remain below the 0.7050 to 0.7080 resistance levels.

Potential Trade Idea: We will consider selling short on any short term bounce in prices and/OR after a bearish price action sell signal (eg: Pin Bar) whilst prices remain below the 0.6900 and 0.7080 resistance levels. Initial downside targets to 0.6800 and 0.6700 area.

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

https://www.learntotradethemarket.com/ - Weekly Trade Setups Ideas & Chart Analysis By Nial Fuller

S&P 500 – Waiting For Retracement To Buy Again

Trend: Bullish

Relevant Key Levels: Support at 3030, 2960, 2860-80 and 2800 to 2825. Resistance (none)

Price Action: Price broke up from a bullish Pin Bar late last week.

Current Notes: The bias is bullish whilst prices hold above the 2960 to 3030 support area. A strong technical support base had formed after the last correction lower held firmly at the 2800 to 2825 key support area.

Potential Trade Idea: We will consider buying on a retracement lower in prices and/or after a clear price action buy signal (eg: Pin Bar Signal or Inside Bar Signal), whilst prices remain above the 2860 to 3030 support area.

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

https://www.learntotradethemarket.com/ - Weekly Trade Setups Ideas & Chart Analysis By Nial Fuller

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.

Please Leave A Comment Below 

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.





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