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NIAL FULLER
Professional Trader, Author & Trading Coach

Trade Idea: EURUSD Giant Bearish Pin Bar Sell Signal – May 2nd, 2019

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By in Forex Trading Commentary & Trade Signals by Nial Fuller Last updated on | 4 Comments

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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.

Potential Trade Idea: EURUSD Giant Bearish Pin Bar Sell Signal – May 2nd, 2019

All charts illustrated are daily charts unless marked otherwise.

EURUSD 

Trend: Very Bearish

Key Levels: Resistance 1.1490 and 1.1265. Support 1.1110

Price Action Signals: Massive bearish Pin Bar reversal setup forms overnight.

Chart Notes: A strong bearish bias remains intact and we continue to prefer selling into any strength whilst prices are contained below 1.1490 resistance. The downside move targets the 1.1110 area and potentially lower.

Potential Trade Idea: We will consider selling short from the most recent bearish Pin Bar reversal setup, targeting a move back to the recent low at 1.1110 and then potentially much lower.

NOTE – You can trade EURUSD 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.
  1. Chien May 24, 2019 at 12:52 pm

    Take profit 1.1115 23/5/2019
    R:R = 2,83

    Reply
  2. Ahmad Gharib May 5, 2019 at 7:33 am

    Hello Dear Nial, do you think that EUR/USD is temporary rising up and this is just a minor retracement and we can still keep the short position or it’s better to close the order and stay away to see what will happen next? The closed daily candle seems to be a little strong

    Reply
  3. Briceton May 3, 2019 at 7:03 am

    I am ready to learn

    Reply
  4. Mr Ali. May 3, 2019 at 2:33 am

    Thanks alot for the heads up sir, may God continue to bless you and your entire family

    Reply

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