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Daily Trade Setups Ideas & Chart Analysis by Nial Fuller – Jan 31st, 2019

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).
You Can Download a Free 30-day Trial of the Broker & Charting Platform We Use HERE.

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.

Daily Trade Setups Ideas & Chart Analysis by Nial Fuller – Jan 31st, 2019


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


Trend: Bullish

Relevant Key Levels: Resistance 1.2920 and 1.3290. Support 1.2480, 1.2660 and 1.2800.

Price Action: Inside bar forms on daily chart, market sells off below mother bar low of this inside bar structure and is now pushing back up to attempt to trigger a bullish fakey setup. A giant bullish pin bar still exists in tact from 1.2660 support.

Current Notes: Chart generally bullish, buy weakness whilst support at 1.2660 holds.

Potential Trade Ideas:

1 – Consider buying if bullish fakey triggers above inside bar

2 – Consider buying on any weakness whilst prices hold above 1.2660 support.

NOTE – Due to BREXIT, the situation in UK, we are not personally holding GBP related trades over the weekend presently.


Trend: Bearish

Relevant Key Levels: Resistance 112.00 and 109.70. Support 104.60

Price Action: Multiple bearish Pin bars / bearish tailed bars form under/at resistance. Major break down recently occurred below 112.00 and 109.70 key levels

Current Notes: The bias is bearish beneath 112.00. We continue to look for sell signals from overhead resistance.

Potential Trade Idea: We will consider selling on a bearish price action signal under 112.00. Targetting a move back to 104.60.

S & P 500

Trend: Neutral

Relevant Key Levels: Resistance 2600, 2690 and 2790-2800. Support 2500-2550, 2440 and 2320.

Price Action: Price has reconnected above 2600 and is headed towards a major event area at 2790-2800 resistance. Bullish pin bar forms off 2400 which has led to prices recovering after the recent collapse.

Current Notes: The bias is bullish above 2600, and bearish under 2790-2800.  We are looking for buy signals from support and sell signals from resistance.

Potential Trade Ideas:

1 We will consider buying at or just above 2600

2 We will consider selling short at or just under 2790-2800

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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. Huriye February 2, 2019 at 10:30 am

    Hello Nial,
    I have started to follow you. What you wrote with courage and supportive. thanks alot.
    I’m interested in gold. What do you think about gold?


  2. derrick February 1, 2019 at 2:04 am

    thanks so much sir i appreciate

  3. Eneias Nascimento January 31, 2019 at 8:34 pm

    Very Nice, Nial. Thanks.

  4. Mr. Ali January 31, 2019 at 8:17 pm

    Welcome back and thank you for the analysis, that said there is a support level on Usdjpy around 118.130 i drew on my chart, what do you think about it sir… Regards


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