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NIAL FULLER
Professional Trader, Author & Trading Coach

Weekly Trade Ideas & Chart Analysis by Nial Fuller – May 13th to May 17th, 2019

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By in Forex Trading Commentary & Trade Signals by Nial Fuller Last updated on | 5 Comments

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 – May 13th to May 17th, 2019

All charts illustrated are daily charts unless marked otherwise.

EURUSD – Recent Pin Bar Sell signal continues to contain prices lower.

Trend: Bearish

Relevant Key Levels: Resistance 1.1490 and 1.1265. Support 1.1110

Price Action: Massive bearish Pin Bar Setup from 2 weeks ago remains active.

Current Notes: A strong bearish bias remains intact. We continue to prefer selling into any strength whilst prices are contained below 1.1490 resistance. The downside move targets the 1.1110 area and potentially lower.

Trade Idea: If not already short from the bearish Pin Bar Setup, we will consider selling short on any pockets of strength, targeting a move back to the recent low at 1.1110 and then potentially much lower.

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

NZDUSD – Sellers remain in control under 0.6720 resistance.

Trend: Bearish

Relevant Key Levels: Resistance 0.6720, 0.6850 and 0.6970. Support 0.6560

Price Action: Bearish Fakey Pattern commenced 2 weeks ago. Large bullish pin bar forms at 0.6560 support, but against the current trend.

Current Notes: The bias is bearish whilst price holds below 0.6720 resistance, thus we prefer selling into strength. Price is tracking towards the very low side of the long term range around 0.6560.

Trade Idea: If not already short, we will consider selling from the prior Fakey Pattern area to get short. Downside targets 0.6560 and below.

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

CRUDE OIL – Short selling opportunity if $60.30 support collapses.

Trend: Neutral

Relevant Key Levels: Resistance $66.60 and $63.40 Support: $60.30, $58.00, $54.50, $51.20

Price Action: Multiple Inside Bars continue to form inside the large mother bar.

Current Notes: A break back below $60.30 support, could trigger a quick collapse towards $58.00 or even lower towards $54.50

Trade Idea: We will consider being a seller if prices break below the multiple inside bar structure, targeting $58.00 and $54.50. Also watch for a bearish fakey sell signal if prices false break higher from the inside bar structure and then collapse back down.

NOTE – You can trade CRUDE OIL 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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