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Nial Fuller

NIAL FULLER Nial Fuller
Professional Trader, Author & Coach

Trade Ideas: Crude Oil, Gold & GBPJPY – January 6th, 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.

CRUDE OIL – FUTURES

Price Action: Price recently moved higher from the small bullish Pin Bar signal that had formed just above the $73.07 – $74.17 short-term support zone, earlier this week (We mentioned trading this signal in the weekly newsletter on January 4th). 

Potential Trade Idea: We are still considering buying on a pullback and/or after a price action buy signal, whilst price holds above the $73.07 – $74.17 short-term support zone. 

NOTE – You can trade CRUDE OIL Futures via the trading platform we use HERE.

GOLD – SPOT

Price Action: Price formed a Bearish Multiple Inside Bar Plus Pin Bar just under the $1834 short-term resistance level, overnight.

Overall we are in a broader sideways range (Zoom out to see). We are tentatively bullish above the $1752 – $1764 key support range.

Potential Trade Idea 1: For more aggressive traders, we are considering selling on a breakdown below the Bearish Multiple Inside Bar Plus Pin Bar. In which case, there will be a need to use much wider stops.

Potential Trade Idea 2: We are still looking to buy on a pullback and after a price action buy signal, within the $1752 – $1764 key support range (Prior Event Area).

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


GBPJPY – SPOT

Price Action: Price had moved up higher from the Bullish Tailed Bar signal that had formed just under the 156.06 (Old) short-term resistance level (Which now becomes a short-term support level), overnight.

We are Bullish above the 152.47 – 153.41 key support range.

Potential Trade Idea: We are still looking to buy on a pullback and after a price action buy signal, whilst price holds above the 152.47 – 153.41 key support range.

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


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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.

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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.
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  1. mamun

    THANKS

    Reply

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