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NIAL FULLER
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Trade Idea: I’m Selling NZDUSD After Inside Bar Pattern Breaks Down – July 10th, 2019

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By in Forex Trading Commentary & Trade Signals by Nial Fuller Last updated on | 4 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.

Potential Trade Idea: I’m Selling NZDUSD After Inside Bar Pattern Breaks Down – July 10th, 2019

Trend: Bearish

Relevant Key Levels: Resistance 0.6720, 0.6850 and 0.6970. Support 0.6500 and 0.6560

Price Action: The inside bar that had formed early in the week is now in the process of breaking down. Price has collapsed after retesting the 0.6720 major resistance (also a prior event area where price collapsed lower).

Current Notes: Prices are likely to collapse back to recent lows at 0.6490 and potentially lower if we break that level. The bias is still bearish whilst price holds below the 0.6720 and 0.6930 resistance levels.

Potential Trade Idea: We would continue to consider selling the break down from the Inside Bar pattern, targeting a move back to 0.6490 and potentially lower.

NOTE – You can trade NZDUSD 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. 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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