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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

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.

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. Hofni Amwaalwa September 19, 2019 at 3:46 pm

    Mr. Fuller, do you also look at the DXY charts to have an idea where usd is headed?

    Reply
  2. Mr. Ali September 17, 2019 at 4:51 pm

    Perfect, thanks for the analysis Mr Fuller

    Reply
  3. Azhar September 17, 2019 at 4:12 am

    Great place to learn and shine brain for trading…Really outstanding for me..

    Reply
  4. Mark Walden July 11, 2019 at 4:04 pm

    Thanks for your suggestions it’s a very interesting article and will be helpful for both beginner and intermediate Forex trader.

    Reply
  5. Jeremy Osborn July 11, 2019 at 1:59 am

    well that went south .. or north should I say? :)

    Reply
    • Nial Fuller July 12, 2019 at 1:52 am

      Yes, no follow through on this one, trade failed. Other trades looking ok though.

      Reply
  6. Mr. Ali July 10, 2019 at 6:26 pm

    Thanks alot for the heads up sir, may God Almighty continue to enrich you and your Family

    Reply

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