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Nial Fuller

NIAL FULLER
Professional Trader, Author & Trading Coach

Trade Idea: Selling GBPUSD Bearish Pin Bar On Break Below 1.2495 Level – July 12th, 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).

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.

GBPUSD – Selling Bearish Pin Bar On Break Below 1.2495 Level – July 12th, 2019

Trend: Bearish

Relevant Key Levels: Resistance 1.3180, 1.2970, 1.2820-70 and 1.2770. Support 1.2430.

Price Action: Pin Bar forms overnight after False Break out from an Inside Bar. There is now potential for a Bearish Fakey to activate if prices break back down A bearish Pin Bar that formed 2 weeks ago activated a strong move lower (now event area resistance).

Current Notes: The short term bias remains bearish whilst prices remain below the 1.2780 to 1.2970 resistance area.

Potential Trade Idea: We will consider selling if the current Pin Bar Setup breaks back down below the low at 1.2495, targeting a deeper rotation back towards the old 1.2430 to 1.2500 support area or potentially lower if those levels fail.

NOTE – You can trade GBPUSD 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. Mr. Ali October 1, 2019 at 8:44 am

    Thank you Mr Fuller

    Reply
  2. Duong Cong Hau July 15, 2019 at 10:26 am

    i see fakey at days 5-10.jul at key level and opposite with pin bar you talk? what do you think about this fakey?

    Reply
    • Viet October 5, 2019 at 12:28 am

      Which currency pair?

      Reply
  3. Frank Müller July 13, 2019 at 5:38 pm

    So far this is a fake break down. I believe the price will test 1.275 level

    Reply
    • Nial Fuller July 14, 2019 at 1:02 am

      As per the analysis, was looking to sell only on a break down below low of pin bar (below 1.2495), the signal wasn’t triggered yet.

      Reply
      • Viet October 3, 2019 at 9:10 pm

        Dear Sir,
        Im Viet from Vietnam in a comment several months ago. I promised with you i would learn every post of you and practice my price action skills, do you remember me?
        I have just trippled my Vietnam stock indices account and double my forex account just by TLS system, inside bar and fakey pattern. I feel many thing changed in my mind and feel breaths of market.
        I know it is still very short period to say anything out, but I come here to say THANK YOU, my master. You are a living legend trader.
        I hope this makes you happy.

        Reply
  4. Enéias Nascimento July 13, 2019 at 2:15 am

    I really apreciate, Nial. Thanks a lot
    Keep doing that excelent job.

    Reply
  5. Mr Ali. July 12, 2019 at 9:08 pm

    Thank you for all the support you have been providing in both articles and trade setups, i can’t emphasize enough how much it has really helped me, am a really big fan of you sir… thank you for everything, and i hope you keep on updating us with trade ideas and setups like this sir.

    Reply

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