Nial Fuller

NIAL FULLER Nial Fuller
Professional Trader, Author & Coach

Trade Ideas: GOLD Bullish Tailed Bar & CRUDE OIL Buying A Pullback – April 22nd, 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.

GOLD – Spot

Key levels: $1676, $1755 – $1764, $1790, $1816, $1823, $1852, $1861, $1874

Price Action: Yesterday, price moved higher from the Bullish Tailed Bar signal that had formed just above the $1755 – $1764 early this week. On Monday, price formed a bearish Pin Bar signal just under the $1790 key resistance level (We did not consider trading this signal as it had formed just above the $1755 – $1764 key support zone).

Potential Trade Idea: We are considering trading longs on a retracement lower to within the range of the recent bullish Tailed Bar signal, whilst price remains above the $1755 – $1764 key support range.

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

CRUDE OIL – Futures

Key levels: $51.56, $53.81, $57.35, $59.16, $62.23, $63.73, $66.22, $67.94

Price Action: Earlier this week, price initially broke above the $62.23 – $63.73 key resistance range, but later in the week, collapsed on itself and closed back below that range. Last Wednesday, price moved higher and closed above the $62.23 key level, after breaking out from the Giant Multiple Inside Bar pattern that had been forming within the $57.35 – $59.16 key support range over the last two weeks (discussed in the previous members weekly newsletter).

Potential Trade Idea: We are still considering trading longs on a retracement lower to within the range of the recent multiple Inside Bar pattern (second chance entry), whilst price remains above the $57.35 – $59.16 key support zone.

NOTE – You can trade CRUDE OIL Futures 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. Muhammad Ahmad

    Sir I want to join it rate ideas email services how I contact with n start this procedure kindly contact with me

    Reply
  2. Rehan

    Thanks.. Sir

    Reply
  3. Mr Ali

    Hi nail, thanks for the amazing work you are doing with us here. I wanted to ask this; how often does second chance entry happen. Thanks

    Reply
    • It really depends on the market and price action. However, most of the price action setups with good definition when triggers, we expect a retracement and a second chance entry.

      Reply

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