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NIAL FULLER
Professional Trader, Author & Trading Coach

Weekly Trade Ideas & Chart Analysis by Nial Fuller – July 8th to 12th, 2019

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By in Forex Trading Commentary & Trade Signals by Nial Fuller Last updated on | One Comment

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 8th to 12th, 2019

All charts illustrated are daily time frames unless marked otherwise.

EURUSD – Pin Bar + Inside Bar Combo Setup triggers sell off from 1.1300 resistance level

Trend: Neutral

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

Price Action: Pin Bar + Inside Bar (Combo), breaks down late last week (now 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.

Potential Trade Idea: We will consider selling short on a retrace back into the 1.1300’s ‘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.

GOLD – Looking to buy on the pull back to $1350 usd/oz support

Trend: Bullish

Relevant Key Levels: Support at $1237, $1266-$1280 and $1305-$1325 and $1355. Resistance at $1400 to $1425 area.

Price Action: The Bearish Pin Bar that formed at the $1430 resistance activated a small correction lower last week.

Current Notes: Price may pull back in the short term, however, the bias is very bullish whilst prices remain supported above $1300 to $1325 (recent swing low).

Potential Trade Idea: We will consider buying Gold on a price action buy signal at or just above the $1325 to $1350 short term support area.

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

S & P 500 – Looking to buy on the dips, whilst 2890 support holds.

Trend: Bullish

Relevant Key Levels: Support 2860-90, 2800, 2690-2730, 2600 and 2500-2550. Resistance  2946-60 area.

Price Action: Price recently breaks and closes strongly above the prior all-time high at 2960.

Current Notes: The 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 consider buying on a clear price action buy signal on a deeper retracement to around or just above the 2860-2890 support key level. Upside targets to 2946 to 2960.

NOTE – You can trade S & P 500 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.
  1. Viet July 11, 2019 at 12:32 am

    Nial, Im from Vietnam. I cannot describe how much I admire you.
    Never imagine some simple candle patterns have such power on the market.
    I always dream to be a successful trader living my free life with beloved but have never reached it after some years of ups and downs…a lot of pain, loss …
    I want to have a life like you, being happy with beloved wife and daughter and enjoy trading, please help me by posting more about your price action applications, I promise with you and with myself that I will appreciate every piece of experience from your posts.
    Many appreciation, admiration, loves and best wishes from me to you.

    Reply
    • Nial Fuller July 12, 2019 at 1:53 am

      Your comment is very appreciated, it is good to hear from traders in Vietnam.

      Reply

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