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Nial Fuller

Professional Trader, Author & Coach

Weekly Trade Setups Ideas & Chart Analysis by Nial Fuller – May 25th to 29th, 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.

GOLD (Spot)

Trend: Long Term Bullish

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

Price Action: An Inside Bar formed under $1740 late last week. A bearish Pin Bar formed at $1740 area early last week. (Potential for short term sell off back to $1660 support). (Discussed in Members Daily Newsletter Last Week)

Current Notes: Short term support sits at the $1560 area and $1640-50 area.

Potential Trade Idea 1: We will consider looking to sell after a price action sell signal (bearish Pin Bar or Fakey) at or just under the $1740’s resistance, targeting a short term move back to $1660 support area.

Potential Trade Idea 2: We will continue to consider looking to buy on any short term retracement lower and after a price action buy signal, whilst prices hold above the $1560 short term support area, targeting a move back up to $1740’s and beyond.

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

gold 25 5 2020

HSI (Hang Seng Index) – Cash

Trend: Bearish

Relevant Key Levels: Support: 20000, 21000 and 22100. Resistance 24900, 25670 and 26850.

Price Action: Price sold off aggressively from the prior ‘event zone’ at 24900  last week (prior Pin Bar at key resistance level). (Discussed in Members Daily Newsletter last week)

Current Notes: The short term bias is Bearish below the 24900 to 25670 resistance zone. Long term chart shows a classic bearish head and shoulders pattern which has triggered lower.

Potential Trade Idea: We will consider selling on a retracement higher and after a price action sell signal, whilst price remains beneath the 24900 to 25670 area, targeting a move back towards the 23,000 and 22,100 levels initially area.

NOTE – You can trade Hang Seng Index Cash via the preferred trading platform we use HERE.

hsi 25 5 2020


Trend: Sideways

Relevant Key Levels: Resistance at 1.1145 and 1.0980. Support at 1.0770 and 1.0630

Price Action: Price recently tested the ‘event zone‘ at 1.0980 (prior bearish tailed bar formed at this level).

Current Notes: Price continues to rotate within a trading between 1.0770 and 1.0980 short term range.

Potential Trade Idea: We will consider looking to sell after a price action sell signal at the 1.0980 0r 1.1145 resistance level. Targeting a move back down to 1.0770 or 1.0640.

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

eurusd 25 5 2020

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Nial Fuller

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. Phu

    thanks pro

  2. Moses

    Gold on the way

  3. Sunday Akinbola


  4. Mr Q

    Beautiful .

  5. Moses

    Thanks Master


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