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Nial Fuller

NIAL FULLER
Professional Trader, Author & Trading Coach

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

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By in Forex Trading Commentary & Trade Signals by Nial Fuller Last updated on | No Comments

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.
  1. Viet July 11, 2019 at 12:32 am

    Nial, Im from Vietnam. I cannot describe how much I admire you.
    Never imagine some simple candle patterns have such power on the market.
    I always dream to be a successful trader living my free life with beloved but have never reached it after some years of ups and downs…a lot of pain, loss …
    I want to have a life like you, being happy with beloved wife and daughter and enjoy trading, please help me by posting more about your price action applications, I promise with you and with myself that I will appreciate every piece of experience from your posts.
    Many appreciation, admiration, loves and best wishes from me to you.

    Reply
    • Nial Fuller July 12, 2019 at 1:53 am

      Your comment is very appreciated, it is good to hear from traders in Vietnam.

      Reply

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