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Nial Fuller

Professional Trader, Author & Trading Coach

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

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By in Forex Trading Commentary Last updated on | One Comment

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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.



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.



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.



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.



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.


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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. Akintayo December 5, 2016 at 3:24 pm

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


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