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Nial Fuller

NIAL FULLER
Professional Trader, Author & Trading Coach

Weekly Trade Setups Commentary by Nial Fuller – June 25th to 29th, 2018

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By in Forex Trading Commentary Last updated on | 3 Comments

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.

Disclaimer: Nial’s views and comments on the following markets and charts is not advice or a recommendation, it is for educational and general information only.

Weekly Price Action Trade Setups Commentary by Nial Fuller – June 25th to 29nd, 2018

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

EURUSD

Summary:
The trend remains bearish with major resistance at 1.1838.
Last week saw the market break up from a pin bar / tailed bar at the 1.1509 support level.
Prices should see resumed selling pressure as we approach the overhead resistance at 1.1838.

This Weeks View: Whilst the market remains contained below 1.1838, we would look to sell on any price strength, or if we see a price action sell signal on the daily or 4 hour chart time frame. We will alert members to a potential trade setup this week in the member’s daily trade setups newsletter.

USDJPY

Summary:
The trend remains bullish with major support at 108.60.
Last week saw the market form a pin bar + inside bar combo signal which led to a false break out higher and has yet to see any upside follow through.
Prices should see buying pressure as we approach the support area around 108.60.

This Weeks View: Whilst the market remains contained above 108.60 support, we would look to buy on any price weakness, or if we see a price action buy signal on the daily or 4 hour chart time frame. We will alert members to a potential trade setup this week in the member’s daily trade setups newsletter.

CRUDE OIL – WTI

Summary:
The trend resumes to bullish with support now firmly sitting at 66.47 and 63.87.
Last week saw the market hold the support range between 63.87 and 61.98 that we have been discussing in recent recaps.
Price has subsequently surged higher into the end of last week, closing back above the 66.47 technical support level.

This Weeks View: Whilst the market remains contained above 66.47 support, we would look to buy on any price weakness, or if we see a price action signal on the daily or 4 hour chart time frame. We will alert members to a potential trade setup this week in the member’s daily trade setups newsletter.

Spot GOLD – XAUUSD 

Summary:
Gold remains in a short-term bearish trend, with a full rotation down towards 1220 major support now underway.
Price has failed at 1306 and 1282 support levels, which now becomes strong resistance.
Late last week the market saw a small bullish pin bar signal which could lead to a short-term move higher early this week, however, we expect the sellers to return again at overhead resistance.

This Weeks View: We are looking to sell on any price strength whilst the market is contained under both 1282 and 1306 resistance levels. We will consider selling on a blind entry between 1282 and 1306 or wait for a 1 hour, 4 hour or daily price action sell signal to confirm an entry. We will alert members to a potential trade setup this week in the member’s daily trade setups newsletter.

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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.

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. Hendra July 2, 2018 at 10:49 pm

    Please next analysis will you make a lot of currency pair?. Not just 4 of them. TQ

    Reply
    • Nial Fuller July 3, 2018 at 10:39 am

      Hendra, join the members newsletter, we cover 10 to 12 markets each week.

      Reply
  2. Samuel June 25, 2018 at 4:25 am

    Thanks a lots for this week analysis.

    Reply

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