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Nial Fuller

NIAL FULLER
Professional Trader, Author & Coach

Weekly Trade Setups Ideas & Chart Analysis by Nial Fuller – Dec 1st to Dec 4th, 2020

Note On Charts: It’s imperative 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). Download a demo of our Preferred Broker & Charting Platform HERE.

Chart 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.

Weekly Trade Setups Ideas & Chart Analysis by Nial Fuller – Dec 1st to Dec 4th, 2020

GBPUSD (Spot) 

Short Term Trend: Bullish

Short Term Key Levels: 1.2640 to 1.2660 area, 1.2725, 1.2810, 1.3000, 1.3170, 1.3265,  1.3320, 1.3480.

Price Action Signals: Multiple Inside Bar pattern forms above 1.3265 short term support.

Potential Trade Idea: We are considering trading longs from a bullish price action signal (inside bar break out out or bullish fakey signal), whilst price holds above the 1.3170 key support level.

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

GOLD (Spot) 

Short Term Trend: Bearish

Short Term Key Levels: $1640, $1670, $1750, $1790, $1850, $1905 to $1915-$1930, $1975, $2015, $2070

Price Action Signals: Price just broke down from a Multiple Inside Bar pattern that had formed below $1850 short term resistance.

Potential Trade Ideas: We are considering trading shorts after a retracement higher in prices and after a bearish price action signal (eg bearish pin bar or bearish fakey) on the 4 hour or daily chart, whilst prices hold below the $1850 to $1905 resistance area.

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

S&P 500 (Cash) 

Short Term Trend: Bullish

Short Term Key Levels: 2800, 2970, 3140-50 area, 3210-30 area, 3290, 3400 to 3430, 3500, 3585, 3675.

Price Action Signals: Small Bullish Pin Bar signal forms above 3585 short term support. Price is still contained below the recent huge Bearish Long Tailed Pin Bar below 3685 (counter trend), but a break above the tail to invalidate that signal would be bullish (failed signals suggest a move in opposite direction).

Potential Trade Idea: We are considering trading longs after a pull back in prices, and after a price action buy signal on the 4 hour or daily chart timeframe, whilst price holds above the 3585 short term support level.

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

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Please Leave A Comment Below 

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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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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  1. Debbie December 8, 2020 at 7:15 pm

    How can we know or predict if a market will go sideway – choppy or ranging

    How can we trade a choppy market profitably?

    Thanks

    Reply
  2. Moses December 2, 2020 at 8:28 pm

    Am also waiting for a bearish pin bar at end of week on GBPUSD. But i believe Mr. Nial is just executing his strategy (inside day bar) flawlessly.

    Reply
  3. keem December 2, 2020 at 8:47 am

    LINU what nial fuller dosnt explain to you here is WE ARE IN an uptrend and the bearish signal you saw is
    not a valid signal, nial fuller used to call this type of signal with a name like this ” A SIGNAL IN NO MANS ISLAND”
    dont forget nials teaching “TLS” =”TREND LEVEL AND SIGNAL” look closely that bearish signal is on a bullish trend and its not on a resistance level, that means the signal is on “no mans island”if you are objective check the weekly chrt and you will understand the market is in bullish trend and any upward move would make the market keep going up until it hit the nearest resistance

    Reply
  4. Linu December 1, 2020 at 11:36 pm

    Why do you take these multiple inside bars as a bullish signal instead of a bearish signal? I think GU will take a bearish move sir, can you let me know please other confluences of your bullish prediction?? I very much look forward to hearing from you sir

    Reply
    • Nial Fuller December 1, 2020 at 11:40 pm

      During a trending move, we tend to go with whatever way the market breaks. If the break out fails, it becomes a fakey.

      Reply
      • Linu December 2, 2020 at 7:58 am

        Thanks sir, then why do you always post your predictions and analysis on Tuesday?? not Sunday or Monday??

        Reply

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