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Nial Fuller

NIAL FULLER Nial Fuller
Professional Trader, Author & Coach

Weekly Trade Ideas: GBPUSD, GBPJPY & Crude Oil – February 7th to 11th, 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: There is no price action signals to note at this time.

Price sold off right from the prior Bearish Multiple Inside Bar Pattern + Pin Bar Signal (Combo Setup) breakdown area (We suggested selling if price pulls back to that area in the Members February 2nd Newsletter).

The recent Bullish Tailed Bar Signal, failed (We didn’t note this signal nor did we consider trading it).

Potential Trade Idea: We are still considering selling if price pulls back to the prior 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.

GBPJPY – SPOT

Price Action: 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 if price pulls back to the recent Inside Bar Breakout area.

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

CRUDE OIL – Futures

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

The recent Bearish Tailed Bar Signal, failed (We did not consider trading this signal and hopefully saved some members on this market).

Price moved significantly higher from the prior Bullish Tailed Bar Signal + Inside Bar Breakout Pattern (Combo Setup) that had formed just under the $84.91 – $85.41 prior resistance area – which now acts as a short-term support area, also a minor Event area.

Potential Trade Idea 1: For more aggressive traders, we are still considering buying on a retracement lower and after a clear price action buy signal, at or around the $84.91 – $85.41 short-term support area (Minor Event Area)

Potential Trade Idea 2: We are still considering buying on a deeper pullback and/or after a price action buy signal, whilst price holds above the $74.17 – $77.46 short-term support area.

NOTE – You can trade CRUDE OIL Futures 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. Moses Ukpabi

    Thanks teacher.

    Reply
  2. Philemon

    Hello Nial,I started reading your articles on trading.I must confess,my approach to forex trading is changing in a good way and I am planning to buy the Price Trading Action course.Being a minimalist myself I am definately sure that your style of trading will suit me.

    Reply
  3. Andrew

    Nail as I am still a novice in FX trading what type of FX trading do you recommend to learn and trade at the same time.I seem to make mistakes on entry points and time frames.
    Andrew

    Reply
  4. Khesiwe

    Thank you Nisl

    Reply

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