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Nial Fuller

NIAL FULLER
Professional Trader, Author & Trading Coach

Weekly Trade Setups Ideas & Chart Analysis By Nial Fuller – Nov 11th to 15th, 2019

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 – Nov 11th to 15th, 2019

AUDUSD – 2 Bearish Pin Bar signals form at the 0.6900 key level.

Trend: Bearish

Relevant Key Levels: Resistance 0.7205, 0.7080, 0.7050, and 0.6900 area. Support 0.6700

Price Action: 2 Bearish Pin Bar Signals had formed around the 0.6900 level recently.

Current Notes: The bias is bearish whilst prices remain below the 0.7050 to 0.7080 resistance levels.

Trade Idea: We will consider selling short on any short term bounce in prices and after a bearish price action sell signal (eg: Pin Bar) whilst prices remain below the 0.6900 and 0.7080 resistance levels. Initial downside targets to 0.6800 and 0.6700 area.

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

USDJPY – Bullish Pin Bar Signal forms above the 108.90 key level.

Trend: Bullish

Relevant Key Levels: Resistance at 110.65 and 112.00. Support at 104.60 and 106.80 and 108.50 to 108.90 area.

Price Action: A bullish Pin Bar formed at the 108.50 to 108.90 key technical support area late last week.

Current Notes: The break and close back above 108.90 has activated a bullish continuation higher and break out from the range.

Trade Idea: We will consider buying on any weakness and after a price action buy signal (eg: Pin bar) whilst prices remain supported above the 108.50 to 108.90 support range. Upside targets to 110.65 and 112.00.

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

CRUDE OIL – Bullish Pin Bar signal could trigger move back to $60.30 resistance level, before another sell-off resumes. 

Trend: Neutral

Relevant Key Levels: Support at $50.00 to $50.80. Resistance at $60.30, $63.50 and $66.50 area.

Price Action: Bullish Pin Bar reversal formed late last week.

Current Notes: Prices could rally from the Pin bar signal into $60.30 overhead level before stalling. Price is holding above the $50.00 to $50.80 major support area. Long term resistance sits around $60.30 to $63.50.

Trade Idea: We will consider looking to buy on any weakness and/or after a price action buy signal (eg: Pin Bar), targeting a move back up to and $60.30 levels initially.

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

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Please Leave A Comment Below 

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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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. Mr. Ali November 11, 2019 at 10:35 pm

    Wow, i now see an opportunity on Audusd, thanks sir

    Reply

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