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NIAL FULLER Nial Fuller
Professional Trader, Author & Coach

Trade Ideas – GBPJPY: Bullish Pin Bar, AUDUSD: Bearish Pin Bar & S&P 500: Buying A Pullback – Feb 15th, 2022

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

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GBPJPY – SPOT

Price Action: Price formed a Bullish Pin Bar Signal just above the 155.32 – 155.92 short-term support level, overnight (This Pin Bar formed after price bounced higher from within the range of the prior Bullish Pin Bar Signal. We had suggested buying from that area in recent Newsletters).

The recent Ultra-small Bearish Pin Bar that had formed, last week, failed (We didn’t consider trading this signal as it was against the short-term trend and hopefully saved some members on this market).

Price moved higher from the prior Bullish Pin Bar Signal that had formed, early last week (We suggested buying from the prior Inside Bar Pattern Breakout area in the February 2nd Newsletter, and this Pin Bar just bounced higher from that Breakout area).

Potential Trade Idea: We are now considering buying on a retracement lower to within the range of the current Bullish Pin Bar Signal which also aligns with the prior Inside Bar Breakout area.

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

AUDUSD – SPOT

Price Action: Price formed a Bullish Pin Bar Signal, overnight (We are not considering trading this signal as it had formed just under the 0.7171 short-term resistance level and the recent Giant Bearish Pin Bar remains active).

Price sold off from the recent Giant Bearish Pin Bar Signal that had formed just under the 0.7171 short-term resistance level, late last week (We suggested selling from this signal in the February 11th Newsletter).

Potential Trade Idea 1: We are still considering selling on a retracement higher to within the 50% range of the recent Giant Bearish Pin Bar Signal, with stops above the Pin Bar’s high.

Potential Trade Idea 2: For more aggressive traders, we are still considering selling from the Giant Bearish Pin Bar Signal, with stops above the Pin Bar’s high.

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

S&P 500 – Cash

Price Action: Price formed a Bullish Tailed Bar Signal, overnight (We are not considering trading this signal as it didn’t form at any confluent level and we prefer to buy on a deeper pullback to the key support areas).

Price finally sold off from the prior Bearish Pin Bar Signal that had formed just under the 4581 – 4600 key resistance area, over a week ago.

The recent Bullish Tailed Bar + Multiple Inside Bar Pattern (Combo Setup), failed (We did not consider trading this signal and hopefully saved some members on this market).

Potential Trade Idea 1: We are now staying on the sidelines until further price action develops.

Potential Trade Idea 2: For more advanced traders there could be a buying opportunity at or just above the 4245 – 4270 key support area (Prior Event Area).

NOTE – You can trade S&P 500 Cash via the trading platform we use HERE.

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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.

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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. Paul Acholonu

    great job

    Reply
  2. Roy Peters

    Thank you sir fuller. I will be looking closely at the sp500.

    Reply
  3. Moses Ukpabi

    Thank you master.

    Though, am staying off AUDUSD for now as the market is still unclear to me.

    Best regards,

    Reply
  4. mamun

    thanks Sir

    Reply

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