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Nial Fuller

Professional Trader, Author & Trading Coach

Trade Idea: Bearish Fakey Signal On NZDUSD – Feb 26th, 2020

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).

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.

Bearish Fakey Signal On NZDUSD – Feb 26th, 2020


Trend: Bearish

Relevant Key Levels: Resistance 0.6750 and 0.6440-70 area. Support 0.6200’s

Price Action: False break of Inside Bar creates the potential for a bearish fakey pattern that will trigger if prices break back below low of mother bar.

Current Notes: The bias is bearish whilst prices remain below 0.6440-70 area and the 0.6750 major resistance area.

Potential Trade Idea: We will consider selling after a price action sell signal (eg: fakey pattern trigger), whilst prices remain below the 0.6440-70  resistance area. Initial downside targets to 0.6200’s.

NOTE – You can trade NZDUSD via the preferred trading platform we use HERE.

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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.
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  1. Mr. Ali February 27, 2020 at 12:55 am

    Thanks alot for the heads up Nial


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