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NIAL FULLER
Professional Trader, Author & Trading Coach

Weekly Forex Trade Ideas & Chart Analysis by Nial Fuller – November 26th to 30th, 2018

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By in Forex Trading Commentary & Trade Signals by Nial Fuller Last updated on | 5 Comments

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).
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. 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 Forex Trade Ideas & Chart Analysis by Nial Fuller – November 26th to 30th, 2018

TECHNICAL PRICE ACTION ANALYSIS:

All charts illustrated are daily candlestick charts unless marked otherwise.

EURUSD – Bearish under 1.1615 resistance

Summary: Price has now broken below both 1.1615 and 1.1535 support zones, activating a bearish leg lower. Price remains contained under the 1.1535 to 1.1615 resistance area and thus we continue to prefer selling short on strength whilst that resistance range holds firm.

The bias remains bearish under 1.1535 to 1.1615 resistance, we continue to prefer selling on any pockets of strength.

Trade Idea: Consider selling short on any short term strength whilst price is below the 1.1535 to 1.1615 key resistance area. Targeting a move to 1.1298 and potentially lower.

USDJPY – Bullish above 112.05 support

Summary: The market is grinding higher after forming a base around 112.05 support,  likely targeting a move back towards the old high around 114.50’s

We have seen 2 small tailed bars form last week, right above 112.05 major support discussed prior, this has seen prices push higher.

As per our recent updates, we still prefer to buy on any dips whilst price is atop 112.05 major support, or on a clear buy signal. The upside targets remain 114.50 or potentially higher.

Trade Idea: Consider buying on the dips whilst prices are above the 112.05  support area or on a price action buy signal, targeting a move back to 114.50’s (recent highs).

GOLD (Spot Gold) – Bullish above $1205 to $1215 support

Summary:  rice has recently faded back from $1237 resistance, into the $1205 support area.

Price had initially failed $1205 but has reconnected back above that level late last week. We will watch the market as price action develops, and keep and eye out for a clear buy signal between $1205 to $1215.

Trade Idea: Consider waiting for a very clear bullish price action signal within the $1205 to $1215 support area, targeting a move back to $1237 and possibly $1265.

S&P 500 USA – Bearish below 2790 resistance

Summary: Bearish bias activates as support at 2690 fails. Major resistance at 2790 to 2860 area. Major support sits at 2650-90  area and 2550. From here it’s likely the market will remain volatile so we can play both sides of the market.

Price is at the lower side of a technical range around 2630, so we could see a bounce early this week.
We still prefer selling short on any pockets of strength whilst prices are contained below the 2790 to 2860 resistance area. Targeting 2600-2630 initially.

Trade Idea: Traders can consider selling short on a clear sell signal on the 4 hour or daily chart around or just under the 2790 to 2860 resistance area. Targeting a move back to 2600-26300 area.

NOTE – We suggest traders avoid holding long positions (buys) over the weekend.

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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.
  1. Sadiq December 5, 2018 at 3:09 am

    Sir Niall fuller is legend in the trading world

    Reply
  2. Segun joseph November 29, 2018 at 9:29 am

    Wonderful, God will always bless ur knowledge and experience Nial Fuller

    Reply
  3. Bhekinkosi Msipa November 27, 2018 at 6:46 pm

    I love you analysis Nial please keep us posted

    Reply
  4. Gandus November 27, 2018 at 8:54 am

    Wonderful inputs. cherished it so much, thanks a lot Nail and God bless you.

    Reply
  5. mohsen November 27, 2018 at 7:27 am

    hi
    thank you for share it

    are you trade 2 small tailed bars form last week in uj?

    Reply

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