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Nial Fuller

NIAL FULLER Nial Fuller
Professional Trader, Author & Coach

Weekly Trade Ideas: GBPUSD, DAX40 & GOLD – January 24th to 28th, 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.

GBPUSD – SPOT

Price Action: Price moved lower from Bearish Multiple Inside Bar Pattern + Pin Bar Signal (Combo Setup) that had formed just under the 1.3667 – 1.3739 short-term resistance area, late last week (We suggested trading this setup in our January 21st Trade Ideas Newsletter).

Potential Trade Idea 1: For more aggressive traders, we are still considering selling on a breakdown below the current Bearish Multiple Inside Bar Pattern + Pin Bar Signal (Combo Setup), whilst price remains under the 1.3667 – 1.3739 short-term resistance area.

Potential Trade Idea 2: We are still considering buying on a pullback and after a price action buy signal, whilst price holds above the 1.3360 – 1.3419 short-term support area (Prior Event Area).

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

DAX 40 – Cash

Price Action: Price aggressively moved lower from the Bearish Tailed Bar Signal that had formed just under the 15798 – 15989 short-term resistance area, late last week.

The prior Bearish Fakey Setup triggered and remains active.

Potential Trade Idea: For more aggressive traders, we are considering selling into strength and/or after a price action sell signal, whilst price remains under the 15798 – 15989 short-term resistance area.

NOTE – You can trade Dax 30 Cash via the trading platform we use HERE.


GOLD – SPOT

Price Action: Price had moved higher from the recent Bullish Tailed Bar Signal that had formed, early last week, and closed above the $1831.80 prior short-term resistance level.

Things have turned mildly Bullish as we are now above the $1831.80 short-term prior resistance area. There is a major resistance level at $1877.26. Overall we are in a broader sideways range with no clear direction – zoom out to see.

Potential Trade Idea: We are still considering buying on a retracement lower and after a price action buy signal, within or around the $1782 – $1805 short-term 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. Harrison

    Good analysis.On point.I am seeing GBPUSD with a head and shoulder.

    Reply

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