May Special: Get 45% Off Nial Fuller's Forex Trading Course & Daily Newsletter (Ends May 31st)
Nial Fuller

Professional Trader, Author & Trading Coach

Weekly Trade Ideas & Chart Analysis by Nial Fuller – July 15th to 19th, 2019

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. 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.

Weekly Trade Ideas & Chart Analysis by Nial Fuller – July 15th to 19th, 2019

All charts illustrated are daily time frames unless marked otherwise.

GBPUSD – Major Bearish Fakey Sell Signal Could Trigger If Prices Break Back Down

Trend: Bearish

Relevant Key Levels: Resistance 1.3180, 1.2970, 1.2820-70 and 1.2770. Support 1.2430.

Price Action: A Pin Bar formed late last week next to an inside bar structure. There is now potential for a Bearish Fakey to activate if prices break back down the low of the Pin Bar signal. A bearish Pin Bar that formed 2 weeks ago activated a strong move lower (now event area resistance).

Current Notes: The short term bias remains bearish whilst prices remain below the 1.2780 to 1.2970 resistance area.

Potential Trade Idea: We will consider selling if the current Pin Bar Setup breaks back down below the low at 1.2495, targeting a deeper rotation back towards the old 1.2430 to 1.2500 support area or potentially lower if those levels fail.

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

EURUSD – Multiple Price Action Sell Signals Suggest Sellers Maintain Control

Trend: Neutral

Relevant Key Levels: Resistance at 1.1325, 1.1430 and 1.1570. Support 1.1110.

Price Action: Bearish Pin Bar formed late last week. The 2 prior pin bars still act as short term ‘event area’ resistance.

Current Notes: The longer-term trend remains bearish as prices remain contained below 1.1430 and 1.1570 long term key resistance levels. Short term resistance at 1.1325-45 area.

Potential Trade Idea: We will consider selling short from the 50% retracement area of the current bearish Pin Bar signal OR just under that prior ‘event area resistance’, targeting a move back to the recent low at 1.1110 to 1.1180 area, and then potentially much lower if that level fails.

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

S&P 500 – Looking To Buy Any Pull Backs Whilst Bullish Trend Continues

Trend: Bullish

Relevant Key Levels: Support 2946-60, 2860-90, 2800, 2690-2730. Resistance 3000.

Price Action: Inside Bar setup breaks up late last week. The Bullish Fakey setup that commenced several days ago has triggered to the upside.

Current Notes: Prices are very bullish whilst prices remain atop the 2860-90 support zone. The long term bias is bullish whilst prices remain atop the 2800 major support area. Any retracement lower is likely to see strong support from buyers around 2860-2890 short term support area.

Potential Trade Idea: We will continue to consider buying from the current Fakey signal ‘Event Area support’ (on any pullbacks towards 2960’s area support). Upside targets to 3000 area and beyond.

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

MEMBERS GET MORE :> Get Daily Trade Ideas & Chart Analysis From Nial Fuller Every Day … All Members of Nial Fuller’s trading courses & members area get access to Nial’s daily trade setups ideas newsletter. You will get potential trade ideas and technical chart analysis on Currency Pairs, Commodities, Stock Indices and more. For More Info Visit the Course Membership Page Here.

Note: –  Download a Free Trial of the Broker & Charting Platform We Use HERE.

Please Leave A Comment Below 

Print Friendly, PDF & Email

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.
  1. Hieu July 17, 2019 at 2:49 am

    Very good ..i love you ..

  2. Mr. Ali July 16, 2019 at 6:03 am

    Excellent analysis as usual, thanks sir


Leave a Comment

Your email address will not be published. Required fields are marked *