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Nial Fuller

NIAL FULLER
Professional Trader, Author & Trading Coach

Weekly Trade Setups Ideas & Chart Analysis by Nial Fuller – June 1st to 5th 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 – June 1st to 5th 2020

AUDUSD (Spot) – Trend Turns Bullish As Market Reclaims 0.6680 Level. 

Trend: Bullish

Relevant Key Levels: Resistance 0.7030. Support 0.6560 and 0.6375

Price Action: Price broke up from a multiple Inside Bar pattern that formed at the 0.6680 level.

Current Notes: The trend has moved to bullish with strong support at 0.6560 and 0.6375.

Potential Trade Idea: We will consider looking to buy after a price action buy signal whilst prices remain atop the 0.6375 to 0.6560 support area, targeting 0.7030. Watch the members daily newsletter this week for more trade ideas and updates.

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

GBPUSD (Spot) – Price Breaking Back Up Back To High Side Of Trading Range.

Trend: Neutral

Relevant Key Levels: Resistance: 1.3190, 1.2770 and 1.2640. Support: 1.2250, 1.2020 and 1.1400.

Price Action: Price broke up from a multiple Inside Bar pattern late last week right above 1.2250 short term support.

Current Notes: Price is trading in a range between 1.2640 and 1.2250.

Potential Trade Idea: We will consider buying after a price action buy signal above 1.2250, targeting a move to 1.2640 resistance area. Watch the members daily newsletter this week for more trade ideas and updates.

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

GOLD (Spot) – Buying The Dips Whilst Above $1660 Support.

Trend: Long Term Bullish

Relevant Key Levels: Support at $1445, $1535 to $1560 and $1640-60. Resistance at $1740-$1750 area.

Price Action: Price has moved up from a bullish Pin Bar that formed mid-last week well above $1660 support. A large bearish Pin Bar formed at $1740 2 weeks ago.

Current Notes: Short term support sits at the $1560 area and the $1640-60 area.

Potential Trade Idea: We will continue to consider looking to buy after a pull back and after a price action buy signal whilst prices hold above the $1660 short term support area, targeting a move back up to $1740’s and beyond. Watch the members daily newsletter this week for more trade ideas and updates.

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

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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 Membership Page 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. Vijay June 8, 2020 at 12:08 am

    For trail

    Reply
  2. Tanser June 7, 2020 at 7:06 pm

    Very good peridect

    Reply
  3. HOLYGHOST THUNDER June 6, 2020 at 2:09 pm

    Thank you

    Reply
  4. Mr Ali June 2, 2020 at 10:55 pm

    Simple, straightforward and direct… Geniuses are made not born.

    Reply

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