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NIAL FULLER
Professional Trader, Author & Trading Coach

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

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By in Forex Trading Commentary & Trade Signals by Nial Fuller Last updated on | 5 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.

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. 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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