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Nial Fuller

NIAL FULLER
Professional Trader, Author & Trading Coach

Weekly Trade Setups Ideas & Chart Analysis By Nial Fuller – 21st to 25th 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 – 21st to 25th October 2019

GBPUSD – Buying A Pull Back After A Price Action Signal To Confirm An Entry

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: Price broke higher from an Inside Bar setup early last week and again from a large Bullish Pin Bar late last week.

Current Notes: The short term bias moves to bullish after price surged higher and broke back above both 1.2380 and 1.2580 resistance levels recently. The longer-term bias has shifted positive after prices broke above the 1.2780 resistance level last week.

Potential Trade Idea: We will consider buying on any weakness and after a price action signal whilst prices remain above the 1.2380 to 1.2580 support area. Upside Targets to 1.2780 and beyond.

NOTE – Be warned of upcoming major volatility due to Brexit news. We will not personally be holding trades over the weekend due to potential price gaps at this time.

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

S & P 500 – Price Surging Higher After Multiple Signals Trigger Last Week

Trend: Bullish

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

Price Action: Price breaks up from a Bullish Inside Bar pattern early last week and a Bullish Pin bar late last week. A giant Bullish Pin Bar with a large tail has formed above 2860-90 support area.

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 OR after a clear price action buy signal (eg: Inside Bar break out or Pin Bar 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.

CRUDE OIL – Buying A Pull Back Whilst The $50.00 to $50.80 Support Area Holds

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

Relevant Key Levels: Support at $50.00 to $50.80.  Resistance at $57.50, $63.50 and $66.50 area.

Price Action: Prior bullish Pin Bar reversal recently formed at the $50.80 long term support level.

Current Notes: Price is holding above the $50.00 major support. A longer-term trading range between $50.00 and $57.50 appears to be developing.

Potential Trade Idea: We will consider looking to buy on a retracement in prices and after a price action buy signal (Ideally Pin Bar or Bullish Fakey) at or just above the $50.00 to $50.80 support (ie: Pin Bar), targeting a move back up to $55.00 and $57.00 levels initially.

NOTE – You can trade CRUDE OIL 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. Justin Valedon October 31, 2019 at 4:24 am

    You changed the way I trade. I trade less and make a lot more and oh yes I also can sleep at night in peace! I read your articles everyday so I stay focused. And the proof is on my Trading View page how much more accurate the Daily charts are and the pips I make. I can say my win rate just trading Daily candles is unbelievable in comparison with the garbage signals I used to get from lower time frame charts. Thanks for saving my trading and my life.

    Reply

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