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Nial Fuller

NIAL FULLER
Professional Trader, Author & Trading Coach

Weekly Trade Setups Ideas & Chart Analysis By Nial Fuller – Dec 2nd to 6th, 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 Setups Ideas & Chart Analysis By Nial Fuller – Dec 2nd to 6th, 2019

GBPJPY – Looks set to break out higher from the recent sideways consolidation.

Trend: Bullish

Relevant Key Levels: Resistance 143.83. Support 138.98

Price Action Signals: None. (watch members daily commentary this week for updates)

Current Notes: The bias is bullish whilst prices remain above the 138.98 support area.

Potential Trade Idea: We will consider buying on any short term weakness in prices and after a bullish price action signal, whilst prices remain above the 138.98 support area. Initial upside targets to 143.83

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

S & P 500 – Continuing to buy the dips whilst the uptrend remains intact.

Trend: Bullish

Relevant Key Levels: Support at 3075, 3030, 2960, 2860-80 and 2800 to 2825. Resistance at 3130.

Price Action Signals: Price recently broke up from a Bullish Pin Bar + Inside Bar combo that formed 2 weeks ago.

Current Notes: The bias is still very bullish whilst prices hold above 2960 to 3030 support area. A strong technical support base had formed after the last correction lower held firmly at the 2800 to 2825 key support area.

Trade Idea: We will consider buying on a retracement lower in prices and/or after a clear price action buy signal, whilst prices remain above the 2860 and 3030 support areas.

NOTE – You can trade S & P 500 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. said December 3, 2019 at 4:48 am

    thank you Nial for your better ,simple and understandble analysis

    Reply
  2. Mr. Ali December 3, 2019 at 4:02 am

    Thanks for the heads up sir, i will watch them closely for any possible opportunities

    Reply

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