• Nial Fuller

    NIAL FULLER Nial Fuller
    Professional Trader, Author & Coach

    Trade Ideas: GBPUSD Buying A Pullback & AUDUSD Pin Bar Buy Signal – April 7th, 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).
    Download a demo of our Preferred Broker & Charting Platform Here.

    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: 1.3564, 1.3668, 1.3759 – 1.3777, 1.4002, 1.4236

    Price Action: Price surged higher last week after holding above the 1.3759 – 1.3777 major support zone. Price invalidated the Bearish Pin Bar signal early this week that formed just above the 1.3759 – 1.3777 support zone early last week (remember failed signals lead to potential explosive break-out moves).

    Potential Trade Idea: We are still considering trading longs on a retracement in prices and from a price action buy signal, whilst price holds above the 1.3759-1.3777 major support zone.

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

    AUDUSD – Spot

    Key levels: 0.7562, 0.7620, 0.7705, 0.7806 – 0.7838, 0.8006

    Price Action: Price formed a Bullish Pin Bar signal just above the 0.7620 short-term support level overnight. Price surged higher from the Bullish Fakey setup + Pin Bar signal that formed at the 0.7562 support level late last week (discussed in Last Friday’s newsletter). The price tested and held the 0.7562 major support level late last week.

    Potential Trade Idea: We are considering trading longs on a retracement lower to within the range of the Bullish Pin Bar signal (traders may want to allow wider stop loss placement to ensure it is placed well below the tail of the Pin Bar), whilst price remains above the 0.7620 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. Peter Miller

      Thanks for the daily updates, hope you all staying safe over there

      Reply
    2. Mr Ali

      Thanks alot sir, you are really making a difference in many people’s life.

      Reply
    3. Abdul rahmad

      what is it like in the pair audjpy daily sir?

      Reply
    4. Rehan Azmi

      Thank you … Sir.

      Reply
    5. lisa

      thanks nial

      Reply
    6. Moses

      Thanks

      Reply

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