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NIAL FULLER
Professional Trader, Author & Trading Coach

Trade Idea: I’m Short Selling CRUDE OIL After Massive FAKEY + PIN BAR Combo Sell Signal – May 14th, 2019

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By in Forex Trading Commentary & Trade Signals by Nial Fuller Last updated on | 5 Comments

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.

Potential Trade Idea: CRUDE OIL – Massive Fakey + Pin Bar Combo Sell Signal, Likely To Send Prices Lower – May 14th, 2019

All charts illustrated are daily charts unless marked otherwise.

Trend: Neutral

Relevant Key Levels: Resistance $66.60 and $63.40 Support: $60.30, $58.00, $54.50, $51.20

Price Action: We said in our last update ” Also watch for a bearish fakey sell signal if prices false break higher from the inside bar structure and then collapse back down.”
That scenario has unfolded and we now see a giant pin bar sell signal + a fakey pattern form overnight. 

Current Notes:  A break back below $60.30 support, will likely trigger a quick collapse towards $58.00 or even lower towards $54.50

Trade Idea: We will consider being a seller from the current bearish pin bar + fakey signal / or sell short if prices break below $60.30 support, targeting $58.00 and $54.50.

NOTE – You can trade CRUDE OIL 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. Hofni Amwaalwa September 19, 2019 at 3:46 pm

    Mr. Fuller, do you also look at the DXY charts to have an idea where usd is headed?

    Reply
  2. Mr. Ali September 17, 2019 at 4:51 pm

    Perfect, thanks for the analysis Mr Fuller

    Reply
  3. Azhar September 17, 2019 at 4:12 am

    Great place to learn and shine brain for trading…Really outstanding for me..

    Reply
  4. 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
  5. 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
  6. 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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