Get 50% Off Nial Fuller's Pro Trading Course & Daily Newsletter (Ends Oct 31st) -
Nial Fuller

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

NZDUSD 

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.

Note 1: Download a Free Trial of the Broker & Charting Platform We Use HERE.

Note 2: Get Daily Trade Ideas & Chart Analysis From Nial Fuller Every Day …
All Members of Nial Fuller’s trading courses & members area get access to Nial’s daily trade setups ideas newsletter. You will get potential trade ideas and technical chart analysis on Currency Pairs, Commodities, Stock Indices and more. For More Info Visit the Course Membership Page Here.

Please Leave A Comment Below 

Print Friendly, PDF & Email
Share

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.
Nial Fuller Professional Trading Course
Forex Course - Mobile ad
  1. Mr. Ali February 27, 2020 at 12:55 am

    Thanks alot for the heads up Nial

    Reply

Leave a Comment

Your email address will not be published.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

Axi-pixel