Weekly Trade Ideas & Price Action Analysis by Nial Fuller – March 15th to 19th, 2021
Note On Charts: It’s important 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).
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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.
SPI 200 (Cash)
Short Term Trend: Bullish / Neutral
Price Action Signals: Giant Long Tailed Bullish Pin Bar formed at 6657 late last week.
Potential Trade Idea: We are considering trading longs from a Bullish Price Action signal on the 4 hour or daily chart after a retracement lower in prices, whilst price remains above the 6657 support level.
NOTE – Trade SPI 200 Cash via the preferred trading platform we use HERE.
GBPUSD (Spot)
Short Term Trend: Bullish.
Price Action Signals: Inside Bar pattern at 1.3770 broke up over a week ago.
Potential Trade Idea: We are considering trading longs from a Bullish Price Action signal after a retracement lower in prices, whilst price remains above the 1.3755 to 1.3770 support zone.
NOTE – Trade GBPUSD via the preferred trading platform we use HERE.
AUDUSD (Spot)
Short Term Trend: Bullish.
Price Action Signals: Pin Bar signal at 0.7667 broke up last week. Multiple Inside Bar pattern at 0.7636 broke up 1 week ago.
Potential Trade Idea: We are considering trading longs from a Bullish Price Action signal after a retracement lower in prices, whilst price remains above the 0.7636 support area.
NOTE – Trade AUDUSD 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.
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