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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. 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
  2. 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
  3. 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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