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Nial Fuller

NIAL FULLER
Professional Trader, Author & Trading Coach

Weekly Trade Setups Ideas & Chart Analysis by Nial Fuller – July 30th to 3rd August, 2018

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By in Forex Trading Commentary & Trade Signals by Nial Fuller 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 TECHNICAL ANALYSIS & TRADE SETUPS IDEAS – July 30th to August 3rd, 2018

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

GBPUSD

Summary: Long term down trend remains in tact with nearby resistance levels at 1.3318-1.3440. Price could pop up in the short term, however it’s likely prices will experience sell pressure from nearby resistance.

Trade Idea: Sell short on any price strength under 1.3318-1.3440 resistance or wait for a price action sell signal on 4 hour or daily chart.

USDJPY

Summary: Long term up trend remains in tact with nearby support at 110.80-111.00. Over the last few days we can see multiple Tailed Bar buy signals forming at this support area. If support holds here we could see a substantial move back towards 113.18.

Trade Idea: Wait for a price action buy signal above 110.80-111.00 support.

GOLD

Summary: Down trend remains in tact with nearby resistance at 1237 and 1266. Price could pop up in the short term, however it’s likely prices will experience sell pressure from nearby resistance.  As mentioned last week, we are avoiding trading pin bar signals that form against the current trend.

Trade Idea: Sell short on any price strength under 1237 to 1266 or wait for a price action sell signal on 4 hour or daily chart.

CRUDE OIL

Summary: Up trend remains in tact with nearby support levels at 66.25 to 64.10. It’s likely prices will continue to experience buying pressure from nearby support.

Trade Idea: Wait for a price action buy signal above 64.100 support

Want Daily Trade-Ideas & Chart Analysis ? 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 information 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.

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. Ralph Spangenberg August 1, 2018 at 5:38 am

    USD/JPY spot on!!!!

    Reply
  2. Abdul July 30, 2018 at 7:22 am

    goood

    Reply
  3. reza July 30, 2018 at 1:44 am

    tnx mr fullers your analis is very goooooood

    Reply

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