• Nial Fuller

    NIAL FULLER Nial Fuller
    Professional Trader, Author & Coach

    Weekly Trade Setups Ideas & Chart Analysis By Nial Fuller – Jan 27th to 31st, 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 – Jan 27th to 31st, 2020

    EURUSD – Watching for sell signals whilst price is contained under the 1.1180 resistance level. 

    Trend: Bearish

    Relevant Key Levels: Resistance at 1.1180 and 1.1240 to 1.1280. Support at 1.0805, 1.0925

    Price Action: Several Bearish Pin Bars that formed below 1.1180 resistance have sent prices lower over the past few weeks.

    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 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 1.1180 and 1.1280 resistance areas. Initial downside targets to 1.0925.

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

    AUDUSD – Watching for sell signals whilst price is contained under the 0.6930 resistance level.

    Trend: Long Term Bearish

    Relevant Key Levels: Resistance 0.7205, 0.7080, 0.7030 and 0.6930. Support 0.6700 to 0.6800’s  area

    Price Action: Price broke down from multiple bearish Pin Bars over the past 2 weeks and has continued to fall.

    Current Notes: The bias is bearish whilst prices remain below the 0.7030 resistance levels.

    Potential Trade Idea: We will consider selling short on a short term bounce in prices AND after a bearish price action sell signal forms at or under the 0.6930 to 0.7030 resistance area. Initial downside targets to 0.6800’s area.

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

    GOLD (SPOT) – Looking to buy on weakness whilst price remains atop the $1510 – $1525 support area.

    Trend: Bullish

    Relevant Key Levels: Support at $1440 to $1450’s and $1510 to $1525 area. Resistance at $1610 to $1620 area.

    Price Action: Price has moved up from the small Bullish Pin bar that formed 2 weeks ago around the $1540 level. Price recently surged into $1620 long term resistance and collapsed, forming a massive Bearish Tailed Bar Signal mid-last week.

    Current Notes: The bias is mildly bullish whilst prices remain atop $1510 to $1525 key support area.

    Potential Trade Idea: We will consider looking to buy on weakness whilst price holds atop the $1510 to $1525 short term support area and/or after a price action buy signal, targeting a move up to $1610 to $1620 the resistance level initially.

    NOTE – You can trade Spot GOLD 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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    Nial Fuller

    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.
    Nial Fuller Professional Trading Course Preferred broker 2020 v1
    1. Sadiq alkali

      Sir nial read the market 98% exactly only that people get emotional or other factors but he is really great.

      Reply
    2. Ruby Warburton

      Thanks Nial

      I truly appreciate your insight/expert advice. Keep up your excellent market analysis.

      Reply
    3. Mr. Ali

      Thanks you for the analysis Nial, am making sense out of it.

      Reply
    4. Moses

      Thanks teacher

      Reply
    5. Moses

      Thank You teacher.
      I appreciate your hard work, consistency in being a blessing to us your students.

      Reply
      • Clark C. Clark

        Very insightful!

        Reply

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