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NIAL FULLER
Professional Trader, Author & Trading Coach

Weekly Trade Setups Ideas & Chart Analysis by Nial Fuller – Jan 7th to 11th, 2019

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By in Forex Trading Commentary & Trade Signals by Nial Fuller Last updated on | 2 Comments

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).
You Can Download a Free 30-day Trial of the Broker & Charting Platform We Use HERE.

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 7th to 11th, 2019

TECHNICAL PRICE ACTION ANALYSIS:

All charts illustrated are daily chart time-frames unless marked otherwise.

GBPUSD –  Looking to sell short whilst under 1.2800 to 1.2920 resistance.

Bias: Bearish

Key Levels: Resistance 1.2800 and 1.2920. Support 1.2480 and 1.2660.

Price Action: Bullish pin bar from 1.2480 support. Bearish tailed bar from 1.2800 resistance.

Summary: The bias is bearish beneath 1.2800 to 1.2920 resistance area. The recent bearish tailed bar at the 1.2800 level acts as an ‘event area’. The bullish pin bar signal could send prices higher short term however prices are likely to be contained under resistance. We are looking for sell signals from relevant resistance levels.

Potential Trade Idea: We will consider selling on a bearish price aciton signal from around 1.2800 to 1.2920 resistance. Targetting a move back to 1.2660 and 1.2480.

USDJPY – Looking to sell short whilst under 109.70 to 112.00 resistance.

Bias: Bearish

Key Levels: Resistance 112.00 and 109.70. Support 104.60

Price Action: Bullish long tailed pin bar from 104.60. Major break down below 112.00 and 109.70 key levels

Summary: The bias is bearish beneath 112.00. The bullish pin bar signal could send prices higher short term however prices are likely to be contained under resistance. We are looking for sell signals from relevant resistance levels.

Potential Trade Idea: We will consider selling on a bearish price aciton signal from around 112.00 to 109.70. Targetting a move back to 104.60.

GOLD (Spot) – Looking to buy whilst above $1237 to $1266 support.

Bias: Bullish

Key Levels: Support at $1266 and $1237 and $1215. Resistance at $1305 and $1355

Price Action: Major break above $1237 level activated new bullish swing higher.

Summary: The bias is bullish above $1237 to $1215 support. We are looking for buy signals from relevant support levels.

Potential Trade Idea: We will consider buying on a bullish price aciton signal from around $1237 to $1266 support range. Targetting a move to $1305 or $1355.

S & P 500 Index (Futures) – Looking to sell short whilst under 2690 to 2790  resistance

Bias: Bearish

Key Levels: Resistance 2600, 2690 and 2790. Support 2550, 2440 and 2320.

Price Action: Bullish pin bar forms off 2400 which has led to prices recovering after recent collapse.

Summary: The bias is bearish beneath 2690 to 2790. The bullish pin bar signal could send prices higher short term however prices are likely to be contained under resistance 2690 and 2790 resistance. We are looking for sell signals from relevant resistance levels.

Potential Trade Idea: We will consider selling on a bearish price aciton signal from around 2600 or 2690. Targetting a move back to 2550 to 2440 area.

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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. Hofni Amwaalwa September 19, 2019 at 3:46 pm

    Mr. Fuller, do you also look at the DXY charts to have an idea where usd is headed?

    Reply
  2. Mr. Ali September 17, 2019 at 4:51 pm

    Perfect, thanks for the analysis Mr Fuller

    Reply
  3. Azhar September 17, 2019 at 4:12 am

    Great place to learn and shine brain for trading…Really outstanding for me..

    Reply
  4. Mark Walden July 11, 2019 at 4:04 pm

    Thanks for your suggestions it’s a very interesting article and will be helpful for both beginner and intermediate Forex trader.

    Reply
  5. Jeremy Osborn July 11, 2019 at 1:59 am

    well that went south .. or north should I say? :)

    Reply
    • Nial Fuller July 12, 2019 at 1:52 am

      Yes, no follow through on this one, trade failed. Other trades looking ok though.

      Reply
  6. Mr. Ali July 10, 2019 at 6:26 pm

    Thanks alot for the heads up sir, may God Almighty continue to enrich you and your Family

    Reply

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