Get 50% Off Nial Fuller's Pro Trading Course & Daily Newsletter (Ends Oct 31st) -
Nial Fuller

NIAL FULLER
Professional Trader, Author & Trading Coach

Weekly Trade Setups Ideas & Chart Analysis By Nial Fuller – Feb 18th to 21st, 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 – Feb 18th to 21st, 2020

EURUSD – Looking to sell on any bounce whilst under 1.1080 + watch for a price action sell signals.

Trend: Bearish

Relevant Key Levels: Resistance at 1.0980, 1.1080, 1.1180, 1.1240 and 1.1280. Support at 1.0805

Price Action: A Bearish Pin Bar formed at the recent low on Friday afternoon. Recently, several Bearish Pin Bars recently formed below the 1.1180 to 1.1240 resistance area and have sent prices lower.

Current Notes: The long term bias remains bearish as prices remain contained below the 1.1080 to 1.1180 long term resistance range.

Potential Trade Idea: We will continue to consider selling short on any short term bounce in prices and/or after a bearish price action sell signal, whilst prices remain below the 1.1080 to 1.1180 resistance areas. Initial downside targets to 1.0925.

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

NZDUSD – Looking to play the Inside Bar pattern break down.

Trend: Bearish

Relevant Key Levels: Resistance 0.6750 and 0.6440-70 area. Support 0.6325 and 0.6200’s

Price Action: An Inside Bar pattern formed last Thursday, with a second Inside Bar forming Friday.

Current Notes: The bias is bearish whilst prices remain below 0.6440-70 area and the 0.6750 major resistance area.

Potential Trade Idea: We will consider selling short after any retracement / and or a price action sell signal, whilst prices remain below the 0.6440-70 and resistance area. Initial downside targets to 0.6325 and then 0.6200’s.

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

CRUDE OIL  (CASH) – Looking to sell on any bounce between $55.00 and $58.60 resistance + watch for price action sell signals.

Trend: Bearish

Relevant Key Levels: Support at $50.00 to $51.00. Resistance $63.00, $59.45, $58.60 and $55.00

Price Action: A Small Bullish Pin bar formed last Thursday just above long term support at $50-$51 area. Price collapsed after a Giant Bearish Long Tailed Pin Bar formed several weeks ago.

Current Notes: The short term bias is bearish whilst price remains under the significant resistance levels at $55.00 and $58.60’s

Potential Trade Idea: We will consider looking to sell on any bounce at or just below the $55.00 short term resistance area, targeting a move back to $50.00 to $51.00 area initially.

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

Members Get Daily Trade Ideas & Chart Analysis From Nial Fuller Every Day …
All Members of Nial Fuller’s trading courses & members area get access to Nial’s daily trade setups ideas newsletter. You will get potential trade ideas and technical chart analysis on Currency Pairs, Commodities, Stock Indices and more. For More Info Visit the Course Membership Page Here.

Note: –  Download a Free Trial of the Broker & Charting Platform We Use HERE.

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.

Print Friendly, PDF & Email
Share

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.
Nial Fuller Professional Trading Course
Forex Course - Mobile ad
  1. Moses February 19, 2020 at 7:29 am

    Thanks Master

    Reply
  2. Mr. Ali February 18, 2020 at 11:36 pm

    How I wish I could take your brain and duplicate it to mine lol, but one day I believe i will attain the trading mastery that you have reached, thanks for the analysis

    Reply

Leave a Comment

Your email address will not be published. Required fields are marked *

Axi-pixel