End Of Financial Year Special: Save 60% Off Off Nial Fuller's Pro Trading Course (Save $251), Ends June 30th -
Nial Fuller

NIAL FULLER Nial Fuller
Professional Trader, Author & Coach

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.

Members Get Nial Fuller’s Trade Ideas & Chart Analysis on 10+ Markets Every Day…
All Members of Nial Fuller’s trading courses & members area get access to Nial’s weekly and daily trade ideas newsletter. You will get potential trade ideas and technical chart analysis on Currency Pairs, Commodities, Stock Indices and more. For More Info visit the Membership Page Here.

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.

Print Friendly, PDF & Email

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.
Nial Fuller Professional Trading Course Preferred broker 2020 v1
  1. Mohammad Mamunur Rashid

    follow your analysis.

    Reply
  2. Mohammad Mamunur Rashid

    thanks. your analysis,

    Reply
  3. Mohammad Mamunur Rashid

    After long time i get your analysis, thanks.

    Reply
  4. Cacey Taylor

    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.

    Reply
  5. AkhtarButt

    solid analysis as always. thanks

    Reply
  6. HY FOONG

    Thank you, Nial

    This way of guiding us, makes learning easier and more confident for us to enter a trade.

    Reply
  7. Linu

    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

    Reply
    • Leonard Fasina

      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….

      Reply

Leave a Comment

Your email address will not be published. Required fields are marked *