Weekly Trade Setups Ideas & Chart Analysis by Nial Fuller – Nov 2nd to Nov 6th, 2020

Note On Charts: It’s imperative you are trading with a broker that offers ‘New York Close Charts‘, (a true 5 day chart that aligns with the true New York Close). Download a demo of our Preferred Broker & Charting Platform HERE.

Chart Commentary Disclaimer: This should not be considered financial advice or a recommendation to trade or invest in any financial product. Your personal financial circumstances and risk limits have not been taken into consideration in the below analysis and comments.

Weekly Trade Setups Ideas & Chart Analysis by Nial Fuller – Nov 2nd to Nov 6th, 2020

!!! US ELECTION ALERT !!! – BRACE FOR EXTREME VOLATILITY DURING THE US ELECTION THIS WEEK. ELECTION RESULTS WILL BE DETERMINED FROM TUESDAY EVENING THROUGH TO FRIDAY – USA TIME. A WINNER MAY NOT BE ANNOUNCED UNTIL DAYS AFTER THE ELECTION, SO EXPECT MARKETS TO REMAIN VOLATILE AND UNPREDICTABLE IN THE NEAR TERM.

S&P 500 – Bullish signals form at 3230 major support, but US election result poses risk.

Short Term Trend: Neutral

Short Term Key Levels: 2800, 2970, 3140-50 area, 3210-30 area, 3290, 3400 to 3430, 3500, 3585.

Price Action Signals: Bullish Pin Bar signal formed at the 3230 support level late last week. Price currently testing the 3230 major support level.

Potential Trade Idea: None. Refer daily members newsletter updates for ideas during and after US election this week.

EURUSD – It will all depend on the 1.1600 key level this week.

Short Term Trend: Neutral

Short Term Key Levels: 1.0990, 1.1140, 1.1180, 1.1415, 1.1500’s, 1.1610, 1.1700-50, 1.1830, 1.1910, 1.1960, 1.2080.

Price Action Signals: A bearish Tailed Bar signal formed under the 1.1700 level late last week.

Potential Trade Idea: None. Refer daily members newsletter updates for ideas during and after US election this week.

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Chart Commentary Disclaimer: Nial Fuller’s and Learn To Trade The Market’s analysis and comments below should not be considered financial advice or a recommendation to trade or invest in any financial product. Your personal financial circumstances and risk limits have not been taken into consideration in the below analysis and comments. This newsletter is for general educational purposes only. Do not blindly buy and sell the financial products discussed in this newsletter. Always do your own analysis and research and be expressly aware of the risks and rewards in trading or investing in any financial product.

About Nial Fuller

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.