Christmas Special: Save 45% Off Nial Fuller's Trading Course & Daily Trade Setups Newsletter (Ends December 31st) -
Nial Fuller

NIAL FULLER
Professional Trader, Author & Trading Coach

Weekly Trade Setups Ideas – December 5th to 9th 2016

author thumb
By in Forex Trading Commentary Last updated on | One Comment
Note: Christmas Trading Course Special: Until December 31st, Save 45% Off Nial Fuller's Professional Trading Course, Daily Trade Setups Newsletter, Live Trading Forum & Email Coaching - Click Here.

Note: We Use ‘New York Close Charts’ – Get Our Preferred Charts & Trading Platform Here

GBPUSD

The CABLE shot higher after last weeks inside bar break out on the daily timeframe.

The bias remains bullish above 1.2330 support, look to buy on weakness. Targets 1.2870 area.

gbpusd-5-12-16

EURUSD

The EURUSD is contained under both 1.0855 long term resistance and 1.0690 short term resistance.

The term trend remains bearish whilst price is below the major containment level of 1.0855, look to sell on strength.

eurusd-5-12-16

AUDUSD

The AUDUSD has sold off after testing the key technical resistance area at 0.7490-0.7505.

The bias remains bearish whilst below 0.7505, look to sell on strength.

audusd-5-12-16

GOLD (SPOT)

Gold approaches major long term support at the 1140 area.

We will look to be a potential buyer around 1140 is we see a price action signal confirmation.

gold-5-12-16

S AND P 500 INDEX

The S and P 500 Index remains in a strong upward trend, with short term support at 2146 and major support at 2107.

As is the theme in recent months, any short term pull back in prices within the context of this strong bull market could be a strategic buying opportunity.

The trend remains bullish above 2146, look to buy on weakness.

s-and-p-500-5-12-16

Want More Trade Setups Ideas ? In the members’ daily trade setups newsletter we discuss potential trade setups and provide detailed chart analysis on Currency Pairs, Commodities, Stock Indices and more. For more information click here.

Note: Christmas Trading Course Special: Until December 31st, Save 45% Off Nial Fuller's Professional Trading Course, Daily Trade Setups Newsletter, Live Trading Forum & Email Coaching - Click 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. Checkout Nial's Professional Forex Course here.
  1. Akintayo December 5, 2016 at 3:24 pm

    Thanks for being there Nial. Nice guide to start the week.

    Reply

Leave a Comment

Your email address will not be published. Required fields are marked *