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Nial Fuller

NIAL FULLER
Professional Trader, Author & Trading Coach

Weekly Trade Setups Ideas & Chart Analysis by Nial Fuller – July 13th to 17th, 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 – July 13th to 17th, 2020

AUDUSD (Spot) – Potential For A Break Out From The Recent Consolidation Towards The 0.7200 Level.

Trend: Bullish

Relevant Key Levels: Support 0.6560 and 0.6670. Resistance 0.7030-60 and 0.7200.

Price Action: Price has been consolidating in a tight range for the past week. (watch for a possible break up this week).

Current Notes: The trend has recently moved to bullish with strong support at both the 0.6560 and 0.6670 level.

Potential Trade Idea: We will consider looking to buy on weakness and/or after a clear price action buy signal (eg: Pin Bar Signal or Inside Bar Break Out), whilst prices remain atop the 0.6560 and 0.6670 support area, targeting a move back up to the 0.7200 level.

Watch the daily member’s newsletter this week for trade ideas and updates.

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

GOLD (Spot) – Looking To Buy On Any Weakness Whilst The $1745 Support Level Holds.

Trend: Bullish

Relevant Key Levels: Support: $1535 to $1560 and $1640 to $1670. Resistance at $1915.

Price Action: Price has surged higher from the 2 Bullish Pin bars that recently formed above $1740 level and$1765 level.

Current Notes:  The break out above the key $1740 to $1765 resistance area is likely to see a continuation of the current up trend. There is strong support at the $1670 level.

Potential Trade Idea: We will consider buying on any pull back / weakness in prices and/or after a price action buy signal to confirm an entry (eg: Pin Bar or Inside bar break up), whilst prices hold above the $1670 long term support level. Targeting a move to the $1820 level and then potentially the $1915 level (all time high).

Watch the daily member’s newsletter this week for trade ideas and updates.

NOTE – You can trade Spot GOLD via the trading platform we use HERE.

S & P 500 (Cash) – Recent Pin Bar Signals At The 3150 Support Level Could Trigger A Break Out Higher.

Trend: Bullish

Relevant Key Levels: Support: 2770, 2960 and 3150. Resistance: 3220 and 3400 area.

Price Action: 2 Bullish Tailed Bars formed late last week right at the 3150 short term support level.

Current Notes: A break above 3220 could see prices retest the 3400 level. There is strong key support at 2770 and 2970.

Potential Trade Idea: We will consider buying on any pull back/weakness in prices and/or after a price action buy signal to confirm an entry (eg: Pin Bar Signal or Inside bar break out), whilst prices hold above the 2970 key support level. Targeting a move to the 3220 level and then potentially the 3400’s area (old highs).

Watch the daily member’s newsletter this week for trade ideas and updates.

NOTE – You can trade S & P 500 Cash via the trading platform we use HERE.

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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.
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  1. Junior July 15, 2020 at 3:35 am

    Hi, For Audusd do you recommend buy on the break of the inside bar buy order formation or buy on weakness. I get confused about when to place a buy order.

    Reply
  2. Frank July 14, 2020 at 6:58 am

    S&P500 would be a great short, but because of the long term upward trend, we was only looking to buy. In other words, the trend can eliminate many good opportunities.

    Reply
  3. Moses July 14, 2020 at 5:52 am

    Thanks Master

    Reply

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