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Nial Fuller

NIAL FULLER
Professional Trader, Author & Trading Coach

Weekly Trade Setups Ideas & Chart Analysis by Nial Fuller – June 8th to 12th, 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 8th to 12th, 2020

EURUSD (Spot) – It All Depends On The 1.1490 Level.

Trend: Short Term Bullish

Relevant Key Levels: Support at 1.1140 and 1.0990. Resistance at 1.1490.

Price Action: A Bullish Pin Bar Signal formed at the 1.0980 level 2 weeks ago.

Current Notes: Prices have broken above both the 1.0980 and 1.1140 resistance level over the past 2 weeks (top of prior trading range)

Potential Trade Idea 1: We will consider looking to buy on a pull back in prices and after a price action buy signal around the 1.0980 to 1.1140 support area, targeting 1.1490’s.

Potential Trade Idea 2: We will consider looking to sell short on a move higher into overhead resistance and after a price action sell signal at the 1.1495 resistance level. Targeting 1.0980 to 1.1140 area.

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

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

AUDUSD (Spot) – Bulls Reclaim The 0.6670 Key Level.

Trend: Short Term Bullish

Relevant Key Levels: Support 0.6560 and 0.6670. Resistance 0.7030.

Price Action: Price broke up from a Multiple Inside Bar pattern at the 0.6670 key level, around 1 week ago. (Event Area)

Current Notes: The trend has 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 after a price action buy signal whilst prices remain atop the 0.6560 and 0.6670 support area, targeting 0.7030 and potentially 0.7200.

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

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

CRUDE OIL  (WTI Futures) – It All Depends On The $41.50 Level.

NOTE – We suggest traders reconsider holding WTI futures over the weekend, and if holding a trade at any point during the week, be explicitly aware the market can gap substantially and move quickly. 

Trend: Short Term Neutral / Long Term Bearish

Relevant Key Levels: Support: $18.oo and $28.00. Resistance: $41.50 (prior gap area)

Price Action: Price broke up from an Inside Bar pattern late last week just above the $36.20 level. Price had broken up from a Bullish Pin Bar that formed 2 weeks ago just above the $28.00 support level.

Current Notes: Price broke out above the $36.20 short term resistance level and is likely headed to test the $41.50 major resistance level. (gap fill event area).

Potential Trade Idea: We will consider selling short after a bearish price action sell signal at the $41.50 resistance level (gap fill event area), targeting a move back down towards $36.20 level, then the $28.00 level and then possibly the $18.00 level.

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

NOTE – You can trade CRUDE OIL Futures via the preferred trading platform we use HERE.

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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.
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  1. Khosro June 16, 2020 at 1:32 pm

    Kuzzy thank you sir

    Reply
  2. Mr Ali June 9, 2020 at 11:00 pm

    Thanks mentor

    Reply
  3. Obiyo June 9, 2020 at 1:10 am

    Thanks for the great job you have been doing

    Reply
  4. Moses June 8, 2020 at 8:14 pm

    Thanks Master

    Reply
  5. Dee June 8, 2020 at 2:58 pm

    Thank you

    Reply

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