Weekly Trade Ideas Newsletter by Nial Fuller – Dec 14th to Dec 18th, 2020
Note On Charts: It’s imperative you are trading with a broker that offers New York Close Charts, (a true 5 day chart that aligns with the true New York Close). Download a demo of our Preferred Broker & Charting Platform HERE.
Chart Commentary Disclaimer: This 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.
Weekly Trade Ideas Newsletter by Nial Fuller – Dec 14th to Dec 18th, 2020
EURUSD (Spot)
Short Term Trend: Bullish
Short Term Key Levels: 1.1180, 1.1415, 1.1500’s, 1.1610, 1.1750 to 1.1830, 1.1915, 1.1960, 1.2010-80, 1.2240.
Price Action Signals: Start of a Bullish Fakey setup commenced mid last week (false break out of inside bar), and could break up at any moment.
Potential Trade Idea: We are considering trading longs from a bullish price action signal (eg: if the Bullish Fakey setup triggers to the upside), whilst price holds above the 1.1915 key support level.
NOTE – You can trade Spot EURUSD via the preferred trading platform we use HERE.
USDJPY (Spot)
Short Term Trend: Bearish
Short Term Key Levels: 101.00, 104.00 to 104.20, 104.80 to 105.20, 106.10 to 106.60, 106.90, 109.35.
Price Action Signals: Another Bearish Pin Bar forms under the 105.20 key level.
Potential Trade Idea: We are considering trading shorts from a price action sell signal (eg: Bearish Pin Bar), whilst price holds below the 105.20 to 106.10 resistance zone.
NOTE – You can trade Spot USDJPY via the preferred trading platform we use HERE.
S&P 500 (Cash)
Short Term Trend: Bullish
Short Term Key Levels: 2800, 2970, 3140-50 area, 3210-30 area, 3290, 3400 to 3430, 3500, 3550, 3585, 3675.
Price Action Signals: A small Bullish Pin Bar formed around 3673 (whilst this signal did not form at an ideal area on chart, it could be worth considering if we see a subsequent signal on the 4 hour or daily time frame to re confirm an entry). Price recently moved higher from a small Bullish Pin Bar signal that formed above the 3585 short term support level.
Potential Trade Idea: We are considering trading longs after a pull back in prices, and/or from a price action buy signal on the 4 hour or daily chart (eg: Pin Bar signal), from at or above the 3550 to 3585 short term support area.
NOTE – You can trade S&P 500 Cash via the preferred 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.
follow your analysis.
thanks. your analysis,
After long time i get your analysis, thanks.
The S & P cash definitely looks like it headed long once it reaches those levels you mention. Thank you for putting these trade setups together for people to save time with their charting and also help people to learn how to trade successfully at the same time.
solid analysis as always. thanks
Thank you, Nial
This way of guiding us, makes learning easier and more confident for us to enter a trade.
Thanks sir for your updates, there is this thing in trading about Currency correlation, meaning that if forinstance EURUSD is bulllsh and in uptrend, even GBPUSD will be bullish, is it true sir? i will be glad to hear your opinion on this. thanks
Sir, thank you so much for all your tips they are very accurate and helpful but I observed something somehow contradictory to what I know on Price action this week sir, the market does not really follow the trend of the price action, what could be responsible for this sir? For instance a bullish pinbar sometimes turn to produce a bearish trend. please your insight on this will be highly appreciated sir….