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Nial Fuller

Professional Trader, Author & Trading Coach

Trade Idea: Bullish Fakey Setup Triggers On Hang Seng Index – November 1st, 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.

Hang Seng Index (Hong Kong) – Bullish Fakey Setup Triggers Move Higher

Trend: Neutral

Relevant Key Levels: Support: 24815 and 25340 to 25440 area. Resistance: 27380, 27640, 28000, and 29000.

Price Action: The Bullish Fakey Pattern we discussed in our weekly update has triggered this week.

Current Notes: Price appears to be headed back up to fill the large price gap left previously at 27640. The market has started moving sideways above long term support at 24800 after a recent bear market.

Potential Trade Idea: We will continue to consider buying after a price action buy signal (eg: Fakey Setup or Pin Bar signal), whilst price remains contained above the 24800 to 25340 support area. Upside targets 27380 initially, then potentially 27640 (gap-fill target).

NOTE – You can trade HSI 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. Leonardo November 5, 2019 at 2:50 am

    HI NIAL!
    I’ve been following you for a long time and I love your posts!
    But I have a doubt, why do you share your trading ideas if forex is a zero-sum game? The more people apply your methods, the less losers there will be, so who does the money get from?

  2. Mr. Ali November 2, 2019 at 6:02 pm

    Perfect sir, can we call the gap fill an event area?


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