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Nial Fuller

NIAL FULLER
Professional Trader, Author & Trading Coach

Weekly Trade Setups Ideas & Chart Analysis by Nial Fuller – July 20th to 24th, 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 20th to 24th, 2020

AUDUSD (Spot) – Watching For An Inside Bar Break Out And Move Back Above The 0.7060 Level.

Trend: Bullish

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

Price Action: An Inside Bar formed right under the 0.7060 recent swing highs. (Watch for a break higher). Price has been consolidating in a tight range for the past week. (watch for a 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.

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.

Sign up to the member’s daily trade setups ideas & chart analysis newsletter for more trade ideas and updates.

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

GOLD (Spot) – Looking To Buy On Pull Backs Above $1765 Support As Trend Grinds Higher.

Trend: Bullish

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

Price Action: Another bullish Pin Bar formed at the $1790 level last week. An Inside Bar formed right above the $1790 level late last week. Price recently surged higher from the 2 Bullish Pin bars that recently formed above the $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.

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 major support level. Targeting a move to the $1820 level and then potentially the $1915 level (all time high).

Sign up to the member’s daily trade setups ideas & chart analysis newsletter for more trade ideas and updates.

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

HSI -Hang Seng Index (Cash) – Looking For Prices To Bounce If The 24000 Support Level Holds.

Trend: Short Term Bullish

Relevant Key Levels: Support: 20000 to 21000, 22550 and 24000 and 24800. Resistance: 28000.

Price Action: Price has surged from a large Bullish Pin Bar that formed at the 24000 level, around a month ago. (event area).

Current Notes: Price had recently surged to clear through the 25300 resistance area, changing the trend to short term bullish. The next major level isn’t until 28000.

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 up), whilst prices hold above the 24000 key support level (prior event area). Targeting a move to 25300 and then potentially the 28000 level.

Sign up to the member’s daily trade setups ideas & chart analysis newsletter for more trade ideas and updates.

NOTE – You can trade Hang Seng Index Cash via the preferred 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. Mamun July 22, 2020 at 1:05 pm

    More point of Learn for trade entry.

    Reply
  2. Mr Q July 22, 2020 at 7:03 am

    Incredible analysis , wonderful .

    Reply
  3. DMAFXTRAD July 22, 2020 at 12:36 am

    THANKS VERY MUCH. I try to pin-point and Draw my Support and Resistance Levels on certain Pairs before you release THE WEEKLY TRADE SETUPS… to compare them, in an attempt to help me better identify Support And Resistance Levels…Needs practice, but I’ll get there soon…

    Thank Very Much again MR. Nial…Thank You

    Reply
  4. Moses July 21, 2020 at 4:25 am

    Thanks Master

    Reply
  5. Mr Ali July 21, 2020 at 3:09 am

    Excellent as usual, thanks mentor

    Reply

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