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Nial Fuller

NIAL FULLER
Professional Trader, Author & Trading Coach

Weekly Trade Setups Ideas & Chart Analysis By Nial Fuller – Dec 30th 2019 to Jan 3rd 2020

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 30th 2019 to Jan 3rd 2020

EURUSD – Waiting For A Price Action Sell Signal Within Major Resistance Zone Between 1.1180 and 1.1280

Trend: Bearish

Relevant Key Levels: Resistance at 1.1180 and 1.1280. Support at 1.0805, 1.0925

Price Action: Price is approaching the prior bearish Pin Bar ‘event area’ resistance around 1.1180.

Current Notes: The long term bias remains bearish as prices remain contained below the 1.1180 to 1.1280 long term resistance range.

Potential Trade Idea: We will consider selling short on any short term bounce in prices and/or after a bearish price action sell signal, whilst prices remain below the 1.1180 and 1.1280 resistance areas. Initial downside targets to 1.0925.

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

CRUDE OIL – Buying On Weakness Whilst The $57.20 to $58.60 Area Holds Firm

Trend: Bullish

Relevant Key Levels: Support at $50.00 to $50.80, $55.00 and $57.20 to $58.60. Resistance at $60.95 and $63.00.

Price Action: Price broke up from an Inside Bar formation mid last week. 2 weeks ago, price broke up from a Multiple Inside Bars pattern that formed right around the $58.60 level. A giant weekly Pin Bar formed several weeks ago and triggered a substantial move higher.

Current Notes: Price is still holding above the $57.20 to $58.60 key support area and could move back up towards $60.50 and $63.00.

Potential Trade Idea: We will consider looking to buy at or just above the $57.20 to $58.60 support area and/or after a price action buy signal, targeting a move back up to $63.00 levels initially.

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

S&P 500 – Waiting For A Pull Back To Buy Whilst The 3030-3070 Support Area Holds Firm

Trend: Bullish

Relevant Key Levels: Support at 3070, 3025, 2960, 2860-80. Resistance – 3250’s

Price Action: Small bearish Pin Bar forms at recent highs around 3250’s. Price recently broke up strongly after a bullish Fakey Pattern signal that activated at the 3160 area (now an event area).

Current Notes: The bias is still very bullish whilst prices hold above 3025 to 3070 support area.

Potential Trade Idea: We will consider buying on a retracement lower in prices and/or after a clear price action buy signal between 3160 and 3025-3070 area, targeting a move back towards the 3250’s region.

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. Moses January 5, 2020 at 6:53 pm

    Great one boss. Thanks.

    Reply
  2. said December 31, 2019 at 5:48 pm

    super analysis

    Reply

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