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Nial Fuller

NIAL FULLER Nial Fuller
Professional Trader, Author & Coach

Weekly Trade Ideas: GBPJPY, AUDUSD & S&P 500 – February 14th to 18th, 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.

GBPJPY – SPOT

Price Action: There is no price action signal to note at this time.

The recent Ultra-small Bearish Pin Bar that had formed, last week, failed (We didn’t consider trading this signal as it was against the short-term trend).

Price moved higher from the recent Bullish Pin Bar Signal that had formed, earlier this week (We suggested buying from this signal in the February 8th Members Newsletter).

Price exploded higher from the recent Inside Bar Breakout Pattern that had formed, early last week (We suggested buying the breakout above that pattern in the February 2nd Newsletter).

Potential Trade Idea: We are still considering buying on a retracement lower to within the range of the prior Bullish Pin Bar which also aligns with the prior Inside Bar Breakout area.

NOTE – You can trade Spot GBPJPY via the trading platform we use HERE.
AUDUSD – SPOT

Price Action: There is no price action signal to note at this time.

Price sold off from the Giant Bearish Pin Bar Signal that had formed just under the 0.7171 short-term resistance level, late last week (We suggested selling from this signal in the February 11th Newsletter).

Potential Trade Idea 1: We are still considering selling on a retracement higher to within the 50% range of the recent Giant Bearish Pin Bar Signal, with stops above the Pin Bar’s high.

Potential Trade Idea 2: For more aggressive traders, we are still considering selling from the Giant Bearish Pin Bar Signal, with stops above the Pin Bar’s high.

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

Price Action: There is no price action signal to note at this time.

Price finally sold off from the prior Bearish Pin Bar Signal that had formed just under the 4581 – 4600 key resistance area, over a week ago.

The recent Bullish Tailed Bar + Multiple Inside Bar Pattern (Combo Setup), failed (We did not consider trading this signal and hopefully saved some members on this market).

Potential Trade Idea 1: We are now staying on the sidelines until further price action develops.

Potential Trade Idea 2: For more advanced traders there could be a buying opportunity at or just above the 4245 – 4270 key support area (Prior Event Area).

NOTE – You can trade S&p 500 Cash 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. Projit

    Great to have this idea! Thank you very much.

    Reply
  2. Roy

    excellent work coach fuller

    Reply
  3. Gandus

    Hello Big brother Nial Fuller, you are a good brother. On the GBPJPY, don’t you think there is selling opportunity, am seeing that, the engulfed pattern formed on last Friday, created a selling opportunity. Just my view please, or that is clearer?

    Reply
  4. Yemi

    What’s the SIMPLEST way to do forex?

    Reply

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