Weekly Trade Ideas & Price Action Analysis by Nial Fuller – March 8th to 12th, 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.

EURUSD (Spot)

Short Term Trend: Bearish.

Price Action Signals: Failed Bullish Pin Bar at 1.2000, 1 week ago. Successful Bullish Pin Bar at 1.2170, 2 weeks ago (event zone).

Potential Trade Idea: We are considering trading shorts from a Bearish Price Action signal after a retracement higher in prices, whilst prices remain below the 1.2170 to 1.2270 resistance zone.

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

AUDUSD (Spot)

Short Term Trend: Bullish.

Price Action Signals: Bullish Tailed Bar at 0.7636, 1 day 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 0.7570 to 0.7636 support zone.

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

CRUDE OIL (Futures) 

Short Term Trend: Bullish.

Price Action Signals: none to note recently.

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 $57.36 to $59.23 support area

NOTE – You can trade CRUDE OIL Futures via the 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.