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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 – April 15th to 19th, 2019

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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.

Download a Free Trial of the Professional Broker & Charting Platform we use HERE.

NOTE TO MEMBERS – To access the member’s only Daily Trade Setups Ideas Newsletter you need to log in via the top right of this page in the main menu.

Weekly Trade Setups Ideas & Chart Analysis by Nial Fuller – April 15th to 19th, 2019

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

USDJPY – Looking to buy on weakness around 111.00 support this week.

Trend: Bullish

Relevant Key Levels: Resistance 1114.50’s and 111.90’s. Support 109.70 to 110.00, 111.00 and 104.60.

Price Action: None to note, waiting for new price action signal (check members daily newsletter for updates)

Current Notes: Price holds the recent test of 111.00 support and bounces aggressively. The current upward swing is tracking towards the 11.90’s area and potentially the previous swing high around 114.50’s.

Potential Trade Idea: We will consider buying on pockets of weakness, OR on a clear price action buy signal within the 110.00 to 111.00 support zone, targeting a move to 111.90’s initially, then potentially higher to 114.50’s if prices break out.

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

CRUDE OIL – Looking for an opportunity to buy on weakness around $60.30 this week.

Trend: Bullish

Relevant Key Levels: Resistance $63.40 and $66.60  Support: $60.30, $58.00, $54.50, $51.20 and $42.30

Price Action: Bearish Pin bar signal forms late last week. Prior inside bar broke down.

Current Notes: Price could sell off from recent bearish price action signals, however, this would likely provide a buying opportunity from support. We prefer buying on any weakness whilst price remains above the $58.00 to $60.30 support area.

Potential Trade Idea: We will consider buying on any pockets of weakness whilst prices hold above the $58.00 support, targeting $63.40 and $66.60 levels.

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

S & P 500 – Perfect price action in recent weeks – trend accelerates higher.

Trend: Bullish

Relevant Key Levels: Resistance 2860 and 2946. Support 2790-2820, 2690-2730, 2600, 2500-2550.

Price Action: Another Bullish Inside Bar pattern has broken higher late last week.

Current Notes: Whilst price holds above the 2690 to 2730 long term support area the bias is bullish and we would prefer buying on weakness around 2800’s short term support. Watch for pullbacks in price to consider re-entering the current swing higher.

Potential Trade Idea: We would continue to consider buying on a clear price action buy signal OR on any pockets of weakness whilst the 2800’s short term support holds. Upside targets 2860 and 2946.

NOTE – You can trade S & P 500 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 detailed chart analysis on Currency Pairs, Commodities, Stock Indices and more. To Subscribe visit the Membership Page Here.

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

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