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Weekly Trade Setups Ideas & Chart Analysis by Nial Fuller – August 27th to 31st, 2018

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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 Charts‘, (a true 5 day chart that aligns with the New York Close).
You Can Download a Free 30-day Trial of the Broker & Charting Platform We Use HERE.

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. Dot 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- August 27th to 31st, 2018

TECHNICAL PRICE ACTION ANALYSIS:

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

EURUSD –  Expect prices to reverse lower from the 1.1750-1.1820 resistance range.

Summary: Long term down trend remains in tact with nearby resistance levels at and 1.1750 and 1.1820 resistance.

Forecast: Continue waiting for a price action sell signal on 4 hour or daily chart, whilst price remains below the 1.1750 to 1.1820 major resistance zone.  We will update traders in the members daily trade ideas newsletter for potential trade ideas on EURUSD this week.

USDJPY –  Waiting for a pull back to around 110.00 before buying again.

Summary:  The chart shows a major support area between 109.30 and 110.00.

Forecast: Consider buying dips towards the 109.30 to 110.25 support area, or wait for a bullish price action pattern on daily chart. We will update traders in the members daily trade ideas newsletter for potential trade ideas on USDJPY this week.

GOLD – Expect a relief rally to take prices into 1237 before a strong reversal lower again.

Summary: Down trend remains in tact with nearby resistance levels at 1205 and 1237.

Forecast: Consider waiting for price action sell signal on daily time frame at or under the 1237 major resistance level. We will update traders in the members daily trade ideas newsletter for potential trade ideas on GOLD this week.

CRUDE OIL – Base has formed at 64.20, prices likely to track higher from here.

Summary: Up trend remains in tact with nearby support at 66.20 to 64.20. It’s likely prices will continue to experience buying pressure from nearby support levels.

Forecast: Consider buying on any price weakness around the 64.20 to 66.20 support zone, or wait for a price action buy signal on the daily chart time frame. We will update traders in the members daily trade ideas newsletter for potential trade ideas on Crude Oil this week.

S&P 500 USA –  Buying the dips whilst prices remains atop 2790 major support.

Summary: Long term up trend remains in tact with nearby support levels at 2790 and 2704.

Forecast: Consider buying on any price weakness whilst the price remains above the 2790 support level, or wait for a clear price action buy signal on 4 hour or daily chart. We will update traders in the members daily trade ideas newsletter for potential trade ideas on S&P 500 this week.

Members Get Daily Trade Ideas On 10 Markets Every Morning – 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 info 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.

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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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