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Nial Fuller

NIAL FULLER
Professional Trader, Author & Trading Coach

Trade Ideas: GBPUSD Double Pin Bar & Crude Oil Inside Bar Pattern – July 24th, 2020

Note On Charts: It’s imperative to your trading success that you are trading with a broker that offers ‘New York Close Forex Charts‘, (a true 5 day chart that aligns with the New York Close).

Chart Commentary Disclaimer: Nial’s views on the Charts is not advice or a recommendation to trade or invest, it is educational and general information only. Your personal financial circumstances and risk limits have not been taken into consideration in the below analysis and comments. Don’t blindly buy and sell the markets/products discussed in this newsletter, do your own research and be aware of the risks and rewards.

Members Daily Trade Setups Ideas & Chart Analysis by Nial Fuller – July 24th, 2020

GBPUSD (Spot) 

Short Term Trend: Bullish.

Short Term Key Levels: 1.2250, 1.2500, 1.2660, 1.2810, 1.3200.

Price Action Signals: Double Bullish Pin Bars above the 1.2660 key level.

Potential Trade Idea: We will consider trading the current bullish Pin Bar signals at or above the 1.2660 key level in anticipation of a break higher towards 1.2810 and 1.3200.

Sign up to the member’s daily trade setups ideas & chart analysis newsletter for more trade ideas and updates.

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

CRUDE OIL (Futures) 

Short Term Trend: Neutral

Short Term Key Levels: $41.50, $36.20, $34.50, $28.60

Price Action Signals: Bearish Tailed Bar + Inside Bar combo pattern forms at the $41.50 key resistance level. Bearish False break out above the $41.50 key resistance level in recent days.

Potential Trade Idea: We will consider trading the current Bearish Tailed Bar + Inside Bar combo pattern at or just below the $41.50 resistance level in anticipation of a break lower towards $36.20 and $34.50.

Sign up to the member’s daily trade setups ideas & chart analysis newsletter for more trade ideas and updates.

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

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About Nial Fuller

is a Professional Trader & Author who is considered ‘The Authority’ on Price Action Trading. He has a monthly readership of 250,000+ traders and has taught 20,000+ students since 2008. In 2016, Nial won the Million Dollar Trader Competition. Checkout Nial's Professional Trading Course here.
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  1. Moses July 25, 2020 at 1:02 am

    Thanks master

    Reply

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