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Nial Fuller

NIAL FULLER
Professional Trader, Author & Trading Coach

Weekly Trade Ideas Newsletter by Nial Fuller – Dec 7th to Dec 11th, 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 7th to Dec 11th, 2020

GOLD (Spot) – Looking bearish after price broke down and closed below $1850 recently.

Short Term Trend: Bearish

Short Term Key Levels: $1640, $1670, $1750, $1790, $1850, $1905 to $1915-$1930, $1975, $2015, $2070

Price Action Signals: Price broke down from a Multiple Inside Bar pattern at the $1850 key level recently. (event area).

Potential Trade Ideas: We are considering trading shorts after a retracement higher in prices and from a bearish price action signal on the 4 hour or daily chart, from within the $1850 to $1905 resistance zone. Refer to the members newsletter for more details and updates this week.

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

EURUSD (Spot) – Looking very bullish after price broke out and closed above 1.1915 recently.

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: none presently.

Potential Trade Idea: We are considering trading longs after a minor retracement lower in prices, and/or from a bullish price action signal, whilst price holds above the 1.1830 to 1.1915 short term support zone. Refer to the members newsletter for more details and updates this week.

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

CRUDE OIL (Futures) – Trend could continue higher after a bullish Fakey setup triggered last week.

Short Term Trend: Bullish

Short Term Key Levels: $28.60, $34.50, $36.60, $38.70, $41.60 to $42.50 area, $43.50, $46.20, $48.50.

Price Action Signals: The bullish Fakey Setup from last week activated and triggered a small move higher which has not really followed through yet.

Potential Trade Idea: We are considering trading longs from the current Fakey setup, OR from another price action buy signal on the 4 hour or daily chart time frame, whilst price holds above the $38.70 support level. Refer to the members newsletter for more details and updates this week.

NOTE – You can trade CRUDE OIL Futures via the preferred 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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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. Nelson December 13, 2020 at 8:50 am

    Groot man GOD BLESS YOU FOR SHARING YOUR KNOWLEDGE AND WISDOM…

    Reply
  2. Richard V Gomez December 11, 2020 at 6:38 am

    Thanks Nail
    You are an inspiration!

    Reply
  3. Refilwe Lebona December 9, 2020 at 5:20 am

    Very interesting

    Reply
  4. Moses December 8, 2020 at 9:27 pm

    Thanks Master

    Reply
  5. Bùi Tuấn December 8, 2020 at 11:20 am

    How do you draw the highest key level of Crude Oils Future?

    Reply
  6. Mavis Mkhize December 8, 2020 at 1:36 am

    Mr. Nail
    You are really my inspiration in Trading

    Reply

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