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Nial Fuller

NIAL FULLER
Professional Trader, Author & Trading Coach

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EURUSD – Euro/dollar bounces after pulling back to support

In our recent commentaries, we have been talking about buying the EURUSD on pull backs to support in order to get long and trade in-line with the uptrend. We can see that last week price pulled back to support near 1.0830, providing a good entry opportunity with a good risk reward. Notice that price has since surged aggressively higher with no signs of slowing down. Traders not already long can watch for further pull backs to buy, perhaps down near 1.1020, as we could see price re-test key resistance up near 1.1400 or higher in days and weeks ahead. Check our members trade setups newsletter for further updates on the EURUSD.

Gold – Gold Pulls Back to Support Then Surges Higher

We have been looking to buy Gold on a pull back near 1220.00 – 1200.00 support for weeks now. After a protracted pull back over the last few weeks that ended recently at 1220.00 support, Gold exploded higher today as the bullish momentum continued. Traders not already long can watch for further pull backs to 1240.00 – 1220.00 area to get long, in-line with the uptrend.

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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 15,000+ students since 2008. Checkout Nial's Professional Forex Course here.

Recent

  1. Petrus July 31, 2017 at 3:15 pm

    Thank you.
    I would like to know your advice or suggestion on how swing traders who are using daily time frame dealing with gapping up or down that usually happen on Monday.

    Reply
  2. Samuel July 31, 2017 at 11:57 am

    Great analysis.. your insight into the market is always refreshing. Keep it up Neil

    Reply

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