Nial Fuller

NIAL FULLER Nial Fuller
Professional Trader, Author & Coach

Trade Ideas: GBPUSD Inside Bar Combo Pattern & AUDUSD Fakey Setup – April 14th, 2021

Note On Charts: It’s important you are trading with a broker that offers New York Close Charts, (a true 5-day chart that aligns with the true New York Close).
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Commentary Disclaimer: This 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.

GBPUSD – Spot

Key levels: 1.3570, 1.3620, 1.3671, 1.3702, 1.3760, 1.3917, 1.4002, 1.4236

Price Action: Price formed an Inside Bar + Pin Bar combo pattern overnight and continued to move higher from the bullish Tailed Bar signal that had formed just above the 1.3671 key support level late last week (discussed in the weekly newsletter). Price formed a bearish Pin Bar signal just above the 1.3671 – 1.3702 support zone late last week (we had mentioned not considering trading this signal as it had formed just above a key support zone – discussed in last Friday’s members newsletter).

Potential Trade Idea: We are considering trading longs on a retracement lower to within the range of the bullish Pin Bar signal (this Pin bar is a part of the Inside Bar combo pattern), whilst price remains above the 1.3671 key support level. (NOTE: Risk is defined by the low of the bullish Tailed Bar signal that had formed at the 1.3671 key support level, late last week and thus, stop loss placement below that level would be optimum).

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

AUDUSD – Spot

Key levels: 0.7562, 0.7636, 0.7675, 0.7705, 0.7806, 0.7838, 0.8006

Price Action: Price formed a Bullish Fakey + Pin Bar setup just above the 0.7562 major support level overnight. Early last week, price surged higher from the previous Bullish Fakey + Pin Bar setup that had formed at the 0.7562 major support level two weeks ago (discussed in Friday the 2nd of April newsletter).

Potential Trade Idea: We are considering trading longs on a retracement lower and to within the range of the Bullish Fakey + Pin Bar setup, at or around the 0.7562 major support level.

NOTE – You can trade Spot AUDUSD 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. Hugo Olivera

    Sir You are the best mentor I have ever seen. My trade in GBPUSD running already. I missed AUDUSD entry. For a better entry I had placed a buy limit on 50% retracement of long tailed bar but market move higher without hiting my entry sir. Thanks.

    Reply
  2. Viktor Holm

    Hey Nial, why you don’t write about the direction of the trend? I ask because you did it…. But thank you for free knowledges.

    Reply
    • Most of the markets are moving sideways these days. But, we will consider adding the market bias in the analysis.

      Reply
  3. Mr Ali

    Wow! Missed a good entry on audusd, thanks nail.

    Reply
    • You can consider trading longs on a retracement lower to within the range of the recent Bullish Fakey + Pin Bar setup (second chance entry), whilst price remains above the 0.7562 major support level.

      Reply
  4. Rehan Azmi

    Thanks

    Reply
  5. Rehan Azmi

    One thing that all have… is just thamks for you…Sir Fuller.

    Reply

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