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NIAL FULLER
Professional Trader, Author & Trading Coach

Weekly Trade Setups Ideas & Chart Analysis by Nial Fuller – March 18th to 22nd, 2019

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By in Forex Trading Commentary & Trade Signals by Nial Fuller Last updated on | 3 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).

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.

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Weekly Trade Setups Ideas & Chart Analysis by Nial Fuller – March 18th to 22nd, 2019

TECHNICAL PRICE ACTION ANALYSIS:

All charts illustrated are daily charts unless marked otherwise.

GBPUSD – 1.2920 remains the support line in the sand for the bulls.

Trend: Bullish

Relevant Key Levels: Resistance 1.3290. Support 1.2800 and 1.2920

Price Action: Price rotates down to test the ‘event zone‘ (prior pin bar low) and bounces aggressively.

Current Notes: 2 Inside bars form right at top of the large mother bar. Price looks supported at 1.2920 and this will remain the line in the sand for bulls.

Trade Idea: We prefer buying on any dips towards 1.2920 or on a price action buy signal above that level.

NOTE – Due to the ongoing BREXIT situation in UK, we are not personally holding GBP related trades over the weekend presently.

CRUDE OIL – The trend remains bullish whilst $54.50 support holds.

Trend: Slightly Bullish

Relevant Key Levels: Resistance: $58.20. Support: $54.50, $51.20 and $42.30

Price Action: Bullish fakey + Pin Bar on daily chart we discussed last week has seen prices surge higher.

Current Notes: Traders can consider buying on any weakness whilst price remains above the $54.50 key level.

Trade Idea: The large pin bar buy signal at the $54.50 support level we discussed prior remains active, traders can consider buying on weakness whilst the $54.50 level holds, targetting the $58.20 level and beyond.

S & P 500 – Bullish continuation as price breaks atop 2820 resistance.

Trend: Bullish

Relevant Key Levels: Resistance 2820. Support 2600, 2690,  2500-2550, 2440 and 2320.

Price Action: The Inside Bar just under 2820 we discussed last week has now broken up. Pin bar we mentioned last week saw prices surge higher.

Current Notes: The break above 2820 is a bullish trend continuation pattern. Whilst price holds above the 2690 level we prefer buying on any short term weakness.

Trade Idea: The Inside Bar we discussed late last week has activated a break above 2820. From here, traders can consider buying on any weakness whilst 2690 support holds and/OR on another price action buy signal on the 4 hour or daily chart. Upside targets 2850-60 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. Biafran citizen March 22, 2019 at 10:26 am

    Thanks very much Nial..
    You present your analysis with such a ground shattering precision & accuracy that it almost looks as if you are the one controlling the direction of price movement

    Reply
  2. Mr Paul March 21, 2019 at 5:16 pm

    Thanks for the analysis

    Reply
  3. Smiso Fierce March 19, 2019 at 7:01 pm

    If I had known about this website earlier, I wouldn’t have spent the last 15months banging my head against the wall juggling different trading methods.Thanks to Nial I have found my one bullet and now I can face my trades with confidence.

    Reply

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