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Nial Fuller

NIAL FULLER
Professional Trader, Author & Trading Coach

NZDUSD Pin Bar Sell Signal at Key Resistance, 14th January 2014

Trading Setups / Chart in Focus:

NZDUSD – Kiwi/dollar bearish pin bar sell signal from key resistance

The NZDUSD has been swinging between the upper and lower boundaries of a large trading range since about the start of November 2013. Today, the market reached the upper boundary and key resistance of the range near 0.8410 and rejected this resistance, forming a pin bar sell signal in the process. This key resistance is also an “event area” (you can learn more on event areas in my trading course) which we can see by the two other recent pin bar sell signals that formed here, both of which led to large moves lower in the ensuing days. We could see price sell off from today’s pin bar and move back down toward the key support zone of this trading range, if price stays contained under the pin bar’s high.

nzdusd

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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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