May Special: Get 40% Off Nial Fuller's Trading Course & Trade Ideas Newsletter. Ends May 31st -
Nial Fuller

NIAL FULLER Nial Fuller
Professional Trader, Author & Coach

Trade Ideas: BITCOIN, GBPUSD & GOLD – May 12th, 2022

Note On Charts: It’s important you are trading with a broker that offers True 5 Day New York Close Charts.

Note On Brokers: Download our Preferred Broker Platform with New York Close Charts Here.

BITCOIN (BTCUSD) – Cash: The Bearish Pin Bar Signal triggered

(WARNING ON CRYPTO: TRADING BITCOIN AND CRYPTO IS HIGH RISK, CONSIDER A REDUCED POSITION SIZE AND LOWER LEVERAGE UNTIL YOU ARE FAMILIAR WITH THESE MARKETS).

Price Action: Price moved lower from the recent Bearish Pin Bar Signal that had formed earlier this week (We suggested trading this signal in the May 11th, members’ daily newsletter).

Price significantly moved lower from the prior Multiple Inside Bar Pattern that had formed just above the 37559 prior short-term support level (Which is now a Key resistance level and an Event Area) over a week ago (We suggested trading this pattern in the April 29th, members daily newsletter).

Price moved lower from the prior Bearish Pin Bar Signal (Event Zone) that had formed just under the 42608 short-term resistance over two weeks ago (We suggested trading this signal in the April 24th, weekly newsletter and hopefully some traders got on board).

Potential Trade Idea 1: For more aggressive traders, we are considering selling on a retracement higher whilst price remains below the recent Bearish Pin Bar Signal.

Potential Trade Idea 2: We are considering selling on a retracement higher whilst price remains below the 37559 key resistance level and the recent Multiple Inside Bar Breakdown Pattern (Event Area).

NOTE – You can trade BITCOIN & CRYPTO CURRENCY via the trading platform we use HERE.

GBPUSD – SPOT: Selling From Bearish Pin Bar Signal

Price Action: Price formed a Bearish Pin Bar Signal overnight.

Price moved slightly lower from the recent Bearish Inside Bar pattern + an ultra-small Pin Bar (Combo Setup) that had formed earlier this week (We suggested trading this setup in the May 11th, members’ daily newsletter).

Price moved lower from the prior Bearish Multi-Bar Fakey Setup that had formed late last week (We suggested trading this setup in the May 6th, members’ daily newsletter).

Potential Trade Idea 1: For more aggressive traders, we are considering selling on a breakdown below the current Bearish Pin Bar Signal.

Potential Trade Idea 2: We are considering selling on a retracement higher whilst price remains below the recent Bearish Multi-Bar Fakey Setup.

NOTE – You can trade Spot GBPUSD via the trading platform we use HERE.

GOLD – SPOT: The Bearish Pin Bar Signal triggered

Price Action: Price moved lower from the recent Bearish Pin Bar Signal that had formed late last week (We suggested trading this signal in the May 8th, weekly newsletter and hopefully some traders got on board).

Potential Trade Idea: We are considering selling on a retracement higher whilst price remains below the recent Bearish Pin Bar Signal.

NOTE – You can trade GOLD – SPOT via the trading platform we use HERE.

Join My Pro Trading Course & Trade Ideas Newsletter: visit the Membership Page Here.

Get The Correct Charts We Use: Download our Preferred Charting & Broker Platform Here.

Already A Member? Log In To Members Area
Here.

Please Leave A Comment Below With Your Questions or Feedback.

Chart Commentary Disclaimer: Nial Fuller’s and Learn To Trade The Market’s analysis and comments below should not be considered financial advice or a recommendation to trade or invest in any financial product. Your personal financial circumstances and risk limits have not been taken into consideration in the below analysis and comments. This newsletter is for general educational purposes only. Do not blindly buy and sell the financial products discussed in this newsletter. Always do your own analysis and research and be expressly aware of the risks and rewards in trading or investing in any financial product.

Print Friendly, PDF & Email

Nial Fuller

About Nial Fuller

is a Professional Trader, Investor & Author who is considered ‘The Authority’ on Price Action Trading. His blog is read by over 200,000+ followers and he has taught 25,000+ students since 2008. In 2016, Nial won the Million Dollar Trader Competition. Checkout Nial's Professional Trading Course here.
Nial Fuller Professional Trading Course Preferred broker 2020 v1
  1. Ephraim

    This is very nice strategy, since I follow your trading course I’M coming good keep on.

    Reply

Leave a Comment

Your email address will not be published.