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Nial Fuller

NIAL FULLER
Professional Trader, Author & Coach

Weekly Trade Ideas & Chart Analysis Newsletter by Nial Fuller – Jan 18th to 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.

EURUSD (Spot)

Short Term Trend: Bearish. Long Term Trend: Bullish.

Short Term Key Levels: 1.1180, 1.1415, 1.1500’s, 1.1610, 1.1750 to 1.1830, 1.1915, 1.1960, 1.2010-80, 1.2240-50 area.

Price Action Signals: Price broke down from a multiple Inside Bar pattern mid last week.

Potential Trade Idea:
1 –
Considering selling from a price action sell signal under 1.2240 to 1.2250 resistance area.
2 – Considering buying from a price action buy signal above the 1.1910 to 1.2010 support area.

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

CRUDE OIL (Futures) 

Short Term Trend: Bullish

Short Term Key Levels: $28.60, $34.50, $36.60, $38.70, $41.60 to $42.50 area, $43.50, $46.20, $49.40.

Price Action Signals: Price moved up from an Inside Bar pattern early last week just above the $49.40 level. A bullish Fakey pattern triggered 2 weeks ago after a false break below the key $46.20 support level. (Event Area).

Potential Trade Idea: Considering trading longs from a price action buy signal on the 1 hour, 4 hour or daily chart, from within the $46.20 to $49.40 support area.

NOTE – You can trade CRUDE OIL Futures via the preferred trading platform we use HERE.

S&P 500 (Cash) 

Short Term Trend: Bullish

Short Term Key Levels: 3140-50 area, 3210-30 area, 3290, 3400 to 3430, 3500, 3550, 3550 to 3600 area, 3675, 3830.

Price Action Signals: Price broke down from a narrow ranged Inside Bar pattern early last week. Price recently broke up from a Bullish Long Tailed Pin Bar + Inside Bar combo pattern that formed above the 3600 key support level (Event Area).

Potential Trade Idea: Considering trading longs from a price action buy signal (ie: Pin Bar or Fakey), on the 4 hour or daily chart, at or just above the 3600 support area (event area).

NOTE – You can trade S&P 500 Cash via the preferred 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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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. T'solo Maphotsa January 24, 2021 at 8:13 pm

    I used to struggle a lot with the charts but thanks to Nial, they are a lot easier to understand. I smell success

    Reply
  2. Monie January 22, 2021 at 12:26 am

    I really like clean charts and more importantly . Thank you Nial .

    Reply
  3. Mr Ali January 20, 2021 at 6:54 pm

    Trading the markets since the beginning of the year is quite challenging. Thanks nail

    Reply
  4. mike January 19, 2021 at 1:06 am

    Hi Nial, Thanks for your consistency

    Reply

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