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Weekly Trade Setups Ideas & Chart Analysis by Nial Fuller

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Note: – It’s imperative you are trading with a broker that offers New York Close Charts, (a true 5 day chart that aligns with the New Zealand open and New York Close) you can download a Free 30-day Trial of the Broker & Charting Platform We Use HERE.

Disclaimer: Nial’s views and comments on the following markets and charts is not advice or a recommendation, it is for educational and general information only.

WEEKLY PRICE ACTION TECHNICAL ANALYSIS & TRADE SETUPS IDEAS – July 23rd to 27th, 2018

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

NZDUSD – Pin Bar under resistance could see potential downside.

Summary: Long term down trend remains in tact with nearby resistance at 0.6855. Bearish Pin Bar formed last week in line with the down trend.

Trade Idea: Sell short on any price strength whilst prices remain contained under 0.6855.

EURUSD – Bears in control under 1.1820-50 resistance.

Summary: Long term down trend remains in tact with nearby resistance at 1.1820-50. 2 Bullish pin bars formed over the last week against the trend. Price could pop up in the short term, however it’s likely prices will experience sell pressure from nearby resistance.

Trade Idea: Sell short on any price strength under 1.1820-50 or wait for a price action signal on 4 hour or daily chart.

USDJPY – Bulls still in control above 110.80-111.00 support.

Summary: Long term up trend remains in tact with nearby support at 110.80-111.00. It’s likely prices will experience buying pressure from nearby support.

Trade Idea: Wait for a price action buy signal above 110.80-111.00 support.

CRUDE OIL – Waiting for a buy signal above 64.10 support

Summary: Up trend remains in tact with nearby support at 66.25 to 64.10. It’s likely prices will experience buying pressure from nearby support.

Trade Idea: Wait for a price aciton buy signal above 64.100 support

GOLD – Bears firmly in control under 1266 to 1282 resistance.

Summary: Down trend remains in tact with nearby resistance at 1266 to 1282. There was a large pin bar that formed last week against the trend. Price could pop up in the short term, however it’s likely prices will experience sell pressure from nearby resistance.

Trade Idea: Sell short on any price strength under 1266 to 1282 or wait for a price action sell signal on 4 hour chart time-frame or daily chart.

Want Daily Trade-Ideas & Chart Analysis? Members of Nial Fuller’s trading education courses get access to the members daily trade setups newsletter. You will get potential trade ideas and detailed chart analysis on Currency Pairs, Commodities, Stock Indices and more, every trading day. For more information visit the Trading Course Membership Page Here.

Note: – It’s imperative you are trading with a broker that offers New York Close Charts, (a true 5 day chart that aligns with the New Zealand open and New York Close) you can download a Free 30-day Trial of the Broker & Charting Platform We Use HERE.

About Nial Fuller

is a Professional Trader & Author who is considered ‘The Authority’ on Price Action Trading. He has a monthly readership of 250,000+ traders and has taught 20,000+ students since 2008. In 2016, Nial won the Million Dollar Trader Competition. Checkout Nial’s Professional Trading Course here.





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