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NIAL FULLER Nial Fuller
Professional Trader, Author & Coach

Weekly Trade Ideas: USDJPY, AUDUSD & S&P 500 – March 14th to 18th, 2022

Note On Charts: It’s important you are trading with a broker that offers True 5 Day New York Close Charts.

Note On Brokers: Download our Preferred Broker Platform with New York Close Charts Here.

USDJPY – SPOT: Breaks Higher From Bullish Fakey Setup + Long Tailed Bar 

Price Action: There is no new price action signal to note at this time.

Price significantly moved higher from the prior Bullish Fakey Setup + Long Tailed Bar that had formed just above the 114.15 – 40 short-term support area over two weeks ago (We suggested trading this setup in the February 27th weekly newsletter).

Potential Trade Idea: We are still considering buying on a retracement lower to within the range of the prior Bullish Fakey Setup + Long Tailed Bar Signal, whilst price remains above the 114.15 – 40 support area.

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

AUDUSD – SPOT: Selling A Pullback Into The Range Of Long Tailed Bearish Tailed Bar Signal

Price Action: There is no new price action signal to note at this time.

Price briefly moved higher from the recent Inside Bar Pattern that had formed just under the 0.7314 – 0.7343 short-term resistance area, late last week (We did not consider trading it).

Price moved slightly lower from the prior Giant Bearish Tailed Bar Signal that had formed just under the 0.7416 short-term resistance level, early last week (We suggested trading this setup in the March 8th members daily newsletter).

Potential Trade Idea 1: For more aggressive traders, we are still considering selling on a retracement higher to within the range of the prior Bearish Tailed Bar Signal, with risk management above the Tailed Bar’s high.

Potential Trade Idea 2: We are still considering buying on a deeper retracement lower and only after a clear price action buy signal, at or just above the 0.7081 – 0.7129 short-term support area.

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

S&P 500 – CASH: Selling A Pullback Into The Range Of Bearish Fakey Setup

Price Action:
 Price formed a Bearish Fakey Setup + Pin Bar Signal just under the 4245 – 70 short-term resistance area, late last week (We suggested trading this Setup in the March 8th daily newsletter, and the price has since sold off).

Price moved lower from the prior Bearish Fakey Setup that had formed over a week ago.

Potential Trade Idea 1: For more aggressive traders, we are still considering selling on a retracement higher to within the range of the prior Bearish Fakey setup, with risk management above the Fakey Bar.

Potential Trade Idea 2: We are still considering selling on a retracement higher and only after clear price action sell signal, whilst price remains below the 4484 – 4494 resistance area.

NOTE – You can trade S&P 500 Cash 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.

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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.
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