SEPTEMBER SPECIAL: 60% Off Nial Fuller's Pro Trading Course & Trade Ideas Newsletter (Ends Sep 30th) -
Nial Fuller

NIAL FULLER Nial Fuller
Professional Trader, Author & Coach

Weekly Trade Ideas: EURUSD, USDJPY, S&P500 & BITCOIN – Aug 29th to Sep 2nd, 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: Selling On Retracement Within The Range Of Bearish Long-Tailed Pin Bar Signal

Price Action: Price formed a Bearish Long-Tailed Pin Bar Signal late last week.

The Bearish Fakey + Pin Bar Setup that had formed late last week failed (We suggested selling from this setup in the August 26th, members’ daily newsletter).

Price moved lower from the Multiple Inside Bar Pattern that had formed on Friday, August 12th (We did not consider trading this pattern).

Potential Trade Idea 1: We are considering selling on a retracement higher to within the range of the current Bearish Long-Tailed Pin Bar Signal.

Potential Trade Idea 2: We are considering selling on a retracement higher and after a price action sell signal whilst price remains under the 1.0349 short-term resistance level that also coincides with the recent Multiple Inside Bar Breakout that had triggered on Monday, August 15th.

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

USDJPY – SPOT: Buying On Breakout Of Bullish Pin Bar + Multiple Inside Bar (Combo Setup)

Price Action: Price had been forming a Bullish Pin Bar + Multiple Inside Bar (Combo Setup) since late last week.

Price moved higher from within the range of the recent Bullish Tailed Bar Signal that had formed just above the 131.49 short-term support level on Tuesday, August 2nd. (We have been suggesting trading this signal in since the August 3rd daily newsletter and hopefully, some traders got on board).

Potential Trade Idea 1: We are considering buying on a breakout of the current Bullish Pin Bar + Multiple Inside Bar (Combo Setup).

Potential Trade Idea 2: We are considering buying on a retracement lower whilst price remains above the prior Bullish Pin Bar Signal that had formed on Thursday, August 11th (Currently Active).

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

S&P 500 – Cash: Selling On Retracement Whilst Under 4326 Resistance level

Price Action: Price exploded lower from the Inside Bar Pattern that had formed on Thursday, August 18th (We did not consider trading this pattern, nor did we mention it at the time it formed).

The Bullish Pin Bar Signal that had formed on Friday, August 5th has now been invalidated (We did not consider trading this signal).

Potential Trade Idea: We are considering selling on a retracement higher and after a price action signal, whilst price remains under the 4326 short-term resistance level that coincides with the recent Inside Bar Breakout that triggered on Friday, August 19th.

NOTE – You can trade S&P 500 Cash via the trading platform we use HERE.

BITCOIN (BTCUSD) – Cash:  Selling On Retracement To Within The Range Of Bearish Pin Bar + Inside Bar (Combo Setup)

(WARNING ON CRYPTO: TRADING BITCOIN AND CRYPTO IS HIGH RISK, CONSIDER A REDUCED POSITION SIZE AND LOWER LEVERAGE UNTIL YOU ARE FAMILIAR WITH THESE MARKETS).

Price Action: Price exploded lower from the Bearish Pin Bar + Inside Bar (Combo Setup) that had formed late last week (We suggested trading this setup in the August 26th, members’ daily newsletter).

Price exploded lower from the recent Bearish Pin Bar Signal that had formed just under the $25339 key resistance level, on Monday, August 15th (We suggested trading on a retracement higher into the range of this signal in the August 17th, members’ daily newsletter).

Potential Trade Idea 1: We are considering selling on a retracement higher to within the range of the recent Bearish Pin Bar + Inside Bar (Combo Setup) that had triggered late last week.

Potential Trade Idea 2: We are considering selling on a retracement higher whilst price remains below the recent Bearish Pin Bar Signal that had formed just under the $25339 key resistance level, on Monday, August 15th.

NOTE – You can trade BITCOIN & CRYPTO CURRENCY via the 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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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. Okolakpa augustine

    Very good analysis from your set up

    Reply

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