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NIAL FULLER Nial Fuller
Professional Trader, Author & Coach

Trade Ideas: EURUSD, USDJPY, & S&P500 – June 16th, 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.

EURUSD – SPOT: Selling From Bearish Tailed Bar Signal

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

The Bearish Pin Bar Signal that had formed earlier this week failed (We did not consider trading this signal).

Potential Trade Idea 1: For more aggressive traders, we are considering selling from the current Bearish Tailed Bar Signal.

Potential Trade Idea 2: We are considering selling on a retracement higher and after a price action sell signal whilst price remains below the 1.0635 – 1.0787 short-term resistance area.

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

USDJPY – SPOT: Buying On Retracement From Double Bullish Pin Bar + Inside Bar (Combo Setup)

Price Action: Price moved briefly higher from the two consecutive Bullish Pin Bars + Inside Bar (Combo Setup) that had formed late last week (We suggested trading this Setup in the June 13th, weekly commentary and hopefully some traders got on board).

Potential Trade Idea 1: For more aggressive traders, we are considering buying on a retracement lower to within the range of the Two consecutive Bullish Pin Bars + Inside Bar (Combo Setup) that had formed late last week.

Potential Trade Idea 2: We are considering buying on a retracement lower and/or after a price action buy signal, at or around the 131.35 short-term support level.

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

S & P 500 – Cash: Selling On A Retracement

Price Action: The Small Bearish Tailed Bar Signal that had formed earlier this week failed (We did not consider trading this signal).

Price moved lower from the Inside Bar Pattern that had formed mid-last week (We did not consider trading this pattern, nor did we mention it at the time it formed).

The Small Bullish Pin Bar + Inside Bar (Combo Setup) that had formed mid-last week didn’t trigger (We did not consider trading this setup, nor did we mention it at the time it formed).

Price moved lower from the recent Bearish Inside Bar + Pin Bar Combo Setup that had formed over a week ago (We did not consider trading this Setup, nor did we mention it at the time it formed).

Potential Trade Idea: We are considering selling on a retracement higher and after a price action signal, whilst price remains below the 4100 – 4205 key resistance area (Event Area).

NOTE – You can trade S&P 500 Cash 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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