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Nial Fuller

NIAL FULLER
Professional Trader, Author & Trading Coach

GBPJPY Trending Higher, Crude Oil Sell Signals – 20th May 2015

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Trading Setups / Chart in Focus:

GBPJPY – Sterling/yen uptrend continues

The GBPJPY has been on a strong run higher in recent weeks. Whilst it does look like it’s already had a good run, often these moves go further than we think, as I discussed in my recent article on how long do good trades take to play out. Whilst price is above 184.80 this market is aggressively bullish and we can look to be buyers on weakness above that level.

gbpjpy

Crude Oil – Crude Oil rolling over after pin bar

The Crude Oil market has fallen lower following a bearish pin bar sell signal that formed back on May 6th. Further retracements back up to the event area between 60.00 – 61.50 can be viewed as selling opportunities as the long-term trend is still down. Notice how the 50% level of the pin bar held on both recent tests of it, so our view is to sell on strength between 60.00 – 61.50 with targets down near 55.90 support.

oil

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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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