Weekly Trade Ideas & Chart Analysis Newsletter by Nial Fuller – Feb 1st to 5th, 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).
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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)
Short Term Trend: Neutral
Price Action Signals: Bearish Pin Bar Signal.
Potential Trade Ideas: We are considering trading shorts from the Bearish Pin Bar Signal under the 1875 resistance level.
NOTE – You can trade Spot GOLD via the trading platform we use HERE.
CRUDE OIL (Futures)
Short Term Trend: Bullish
Price Action Signals: Sideways Consolidation Range.
Potential Trade Idea: We are considering trading longs after a price action buy signal forms at the $49.40 or $46.19 support levels.
NOTE – You can trade CRUDE OIL Futures via the trading platform we use HERE.
GBPUSD (Spot)
Short Term Trend: Bullish
Price Action Signals: Bullish Pin Bar Signal.
Potential Trade Idea: We are considering trading longs from the Bullish Pin Bar Signal above the 1.3620 support level.
NOTE – You can trade Spot GBPUSD via the trading platform we use HERE.
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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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About Nial Fuller
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.
If every week you will share your trade idea then please share including me.
Do you trade stocks
Yes, we might cover stocks in the future.
Thanks sir
Why would you short gold when the weekly is in an uptrend having a short term pullback. Wouldn’t it be better looking for a long set up
Short term trend is down / neutral. For the last few months the chart is actually very sideways right now, zoom out.