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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 – March 9th to 13th, 2020

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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.

Weekly Trade Setups Ideas & Chart Analysis by Nial Fuller – March 9th to 13th, 2020

EURUSD (Symbol EURUSD ON FXTRADING.com Platform)

Trend: Short Term Bullish / Long Term Bearish.

Relevant Key Levels: Resistance at 1.1407.  Support at 1.0990, 1.1090, 1.1180 and 1.1240.

Price Action: Price broke up from an Inside Bar pattern last week.

Current Notes: Price surged last week and reclaimed both the 1.1180 and 1.1240 levels. There is now short term support at 1.1090 and 1.0990.

Trade Idea: We will consider looking to buy after a price action buy signal at or just above the 1.1090 support area. Targeting a move back up to the 1.1407 level initially.

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

GBPUSD (Symbol GBPUSD ON FXTRADING.com Platform)

Trend: Short Term Bullish / Long Term Neutral

Relevant Key Levels: Resistance: 1.3500, 1.3360’s and 1.3200’s. Support at 1.2900 and 1.2780.

Price Action: Price broke up from a multiple Inside Bar pattern last week.

Current Notes: Price reconnected back through the 1.2900 level to complete a false break pattern. A trading range exists between 1.2900 and 1.3200 to 1.3360’s area.

Trade Idea: We will consider looking to buy after a price action buy signal at or just above the 1.2900 support area. Targeting a move back up to 1.3200 area initially.

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

GOLD (Symbol XAUUSD SPOT ON FXTRADING.com Platform)

Trend: Bullish

Relevant Key Levels: Support at $1525 to $1540. Resistance $1690.

Price Action: Price broke up from a huge Inside Bar structure last week (impossible to trade, but relevant to mention).

Current Notes: Price bounced after holding support above the $1525 to $1540 major support area.

Trade Idea: We will consider looking to buy on any weakness and after a price action buy signal whilst prices hold above the $1525 to $1540 major support area, targeting a move back up to $1690’s and beyond.

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

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 Price Action Trading Course Membership Page Here.

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