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Nial Fuller

NIAL FULLER Nial Fuller
Professional Trader, Author & Coach

Weekly Trade Ideas: EURUSD, GBPUSD & GOLD – January 31st to February 4th, 2022

Note On Charts: It’s important you are trading with a broker that offers True 5 Day New York Close Charts.

Note On Brokers: Download our Preferred Broker Platform with New York Close Charts Here.

EURUSD – SPOT

Price Action: Price moved down below the recent Bullish Pin Bar Signal that had formed just above the 1.1284 prior short-term support level, early last week (We did not consider trading that signal and hopefully saved some members on this market).

Price broke and closed under the 1.1185 – 1.1225 prior short-term support area.

Potential Trade Idea: We are considering selling into strength and after a price action sell signal, whilst price remains under the 1.1383 – 1.1422 short-term resistance area.

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

GBPUSD – SPOT

Price Action: Price formed an Inside Bar Pattern + Bearish Tailed Bar Signal (Combo Setup) just above the 1.3360 – 1.3419 key support area, late last week.

The recent Bullish Pin Bar Signal, failed.

Potential Trade Idea 1: For more aggressive traders, we are considering selling on a breakdown below the current Inside Bar Pattern + Bearish Tailed Bar Signal (Combo Setup), with tight risk management.

Potential Trade Idea 2: We are still considering selling if price pulls back to the recent Bearish Multiple Inside Bar Pattern + Pin Bar Signal (Combo Setup) breakdown area, whilst price remains under the 1.3667 – 1.3739 short-term resistance area.

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

GOLD – SPOT

Price Action: Price formed a Bullish Tailed Bar Signal just above the $1782 short-term support level, late last week (We are not considering trading this signal as we prefer to buy on a deeper retrace to the key support areas).

Price moved down below the Bullish Tailed Bar Signal that had formed, early last week (We did not consider trading that signal and hopefully saved some members on this market – discussed in the January 26th Newsletter).

Price recently collapsed back below the $1831 prior short-term support level. Overall we are in a broader sideways range with no clear direction – zoom out to see.

Potential Trade Idea: We are now considering buying on a retracement lower and after a price action buy signal, within or around the $1752 – $1764 key support area.

NOTE – You can trade Spot Gold 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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Nial Fuller

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. Ayodele

    Always a very good analysis.Sir,can you give trade ideas for day traders who don’t have as much capital to take signals on weekly charts?The stop loss is usually too large for a day trader with meagre trading capital.
    Thanks

    Reply
  2. Sergey

    Thanks

    Reply
  3. Sabina

    Thank you for this analysis

    Reply
  4. chaiya

    Thank you

    Reply

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