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Nial Fuller

NIAL FULLER
Professional Trader, Author & Trading Coach

Weekly Trade Setups Ideas & Chart Analysis By Nial Fuller – Nov 25th to 29th, 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 25th to 29th, 2019

EURUSD – Bearish ‘Fakey Signal’ Activates Below 1.1100

Trend: Bearish

Relevant Key Levels: Resistance at 1.1105, 1.1180 and 1.1280. Support at 1.0805, 1.0925

Price Action: A bearish Fakey Pattern activates after a false break above the prior Inside Bar cluster. A bearish Pin Bar formed as part of that bearish fakey.

Current Notes: The long term bias remains bearish as prices remain contained below the 1.1280 long term resistance range.

Potential Trade Idea: We will consider selling short on any short term bounce in prices and/or after a bearish price action sell signal, whilst prices remain below the 1.1180 and 1.1280 resistance areas. Initial downside targets to 1.0925.

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

AUDUSD – Selling On A Retracement Whilst The ‘Event Area’ At The 0.6900 Level Holds 

Trend: Bearish

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

Price Action: A large Multiple Inside Bar Cluster continues forming over the past week. Price recently sold off from s double Pin Bar pattern that formed under the 0.6900 resistance level recently (event area).

Current Notes: Price could sell off if we see a break below the current multiple inside bar cluster. The bias is bearish whilst prices remain below the 0.6900 and 0.7080 resistance levels.

Potential Trade Idea: We will consider selling short on any short term bounce in prices and/OR after a bearish price action sell signal 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.

GOLD – Selling On A Retracement Whilst The $1525 Level Contains Prices

Trend: Bearish

Relevant Key Levels: Support at $1350, $1380, $1400 and $1440 to $1450’s area. Resistance at $1525 and $1550.

Price Action: Conflicting Bearish and Bullish Pin Bars have formed around the $1450 over the past 2 weeks. Price remains contained below a recent Bearish Pin Bar that had formed just under the $1525 level several weeks ago. (event area)

Current Notes: The short term bias is still bearish under the $1525 resistance area. The long term bias is still bullish whilst prices remain supported above the $1400 support area.

Potential Trade Idea: We will consider selling after a retracement higher in prices and after a price action sell signal to confirm a short entry whilst prices remain below $1525 resistance area, targeting a move back down to $1450’s and possibly the $1400 area.

NOTE – You can trade Spot GOLD 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. Thankyou November 27, 2019 at 10:26 pm

    thank you

    Reply
  2. Mr. Ali November 26, 2019 at 8:51 pm

    Thanks for the analysis sir

    Reply

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