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Nial Fuller

NIAL FULLER
Professional Trader, Author & Trading Coach

Weekly Trade Setups Ideas & Chart Analysis By Nial Fuller – 14th to 18th October 2019

Note On Charts: It’s imperative to your trading success that you are trading with a broker that offers ‘New York Close Forex Charts‘, (a true 5 day chart that aligns with the New York Close).

Chart Commentary Disclaimer: Nial’s views on the Charts is not advice or a recommendation to trade or invest, it is educational and general information only. Don’t blindly buy and sell the markets/products discussed in this newsletter, do your own research and be aware of the risks and rewards.

Weekly Trade Ideas & Chart Analysis by Nial Fuller – 14th to 18th October 2019

GBPUSD – Waiting For A Buy Signal Above The 1.2250 to 1.2380 Support Range

Trend: Bullish (short term)

Relevant Key Levels: Resistance 1.2780. Support at 1.1990, 1.2250 and the 1.2380 to 1.2580 area.

Price Action: none

Current Notes: Price surged higher and broke back above both 1.2380 and 1.2580 resistance levels. The longer-term bias is still bearish whilst prices hold below 1.2780 resistance, however, if we break and close above this level the trend may turn positive.

Potential Trade Idea: (Will update this week in the members daily trade setups newsletter)

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

S&P 500 – Buying On Weakness Whilst The 2860 Support Level Holds

Trend: Bullish

Relevant Key Levels: Support at 2860, 2890 and 2800 to 2825. Resistance at 2970 to 2980, 3000 and 3030.

Price Action: A giant Bullish Pin Bar with a large tail has formed above 2860-90 support area. Prices moved up strongly from a bullish Tailed Bar that formed at the 2860 level recently.

Current Notes: A strong technical support base has formed after prices held firmly at the 2860 to 2890 support area. The trend remains bullish whilst the 2800 to 2825 key support area holds.

Potential Trade Idea: We will continue to consider buying on a retracement in prices and after a clear price action buy signal whilst prices remain above the 2860 to 2890 support area. Initial upside targets to 2940, 2980 and 3030.

NOTE – You can trade S & P 500 via the preferred trading platform we use HERE.

GOLD – On The Sidelines Until We See Another Clear Signal

Trend: Neutral (short term). Bullish (long term).

Relevant Key Levels: Support at $1350, $1380, $1400 and $1440. Resistance at $1525 to $1550.

Price Action: A Bullish Tailed Bar forms at $1480 but has formed in the middle of a congested/sideways structure. (won’t be trading this)

Current Notes: The short term bias moves to neutral after several conflicting price action signal and congested price action develops over the past few weeks. The long term bias is bullish whilst prices remain supported above the $1400 to $1440 key long term support area.

Potential Trade Idea 1: We will continue to consider selling after a price action sell signal under the $1525 key level (tailed bar or pin bar signal), targeting a move back down to $1440 to $1480 area.

Potential Trade Idea 2: We will continue to consider buying after a pullback in prices and after a price action buy signal at or above the $1440 to $1450 support area, targeting a move back up to the $1500 level and potentially the $1550 area.

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

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Please Leave A Comment Below 

Chart Commentary Disclaimer: Nial’s views on the Charts is not advice or a recommendation to trade or invest, it is educational and general information only. Don’t blindly buy and sell the markets/products discussed in this newsletter, do your own research and be aware of the risks and rewards.

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About Nial Fuller

is a Professional Trader & Author who is considered ‘The Authority’ on Price Action Trading. He has a monthly readership of 250,000+ traders and has taught 20,000+ students since 2008. In 2016, Nial won the Million Dollar Trader Competition. Checkout Nial's Professional Trading Course here.
  1. Abdifatah Farah October 18, 2019 at 3:34 pm

    Nice i like that

    Reply
  2. Mr Ali October 18, 2019 at 12:05 am

    Thank you for the analysis, although i wasn’t able to catch the move on GBPUSD

    Reply
  3. Vikram October 16, 2019 at 5:48 am

    Price Action strategy is totally useless and I am also totally not happy here.

    Reply
  4. Dave October 16, 2019 at 4:43 am

    Great trading ideas

    Reply

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