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NIAL FULLER
Professional Trader, Author & Trading Coach

Weekly Trade Setups Ideas & Chart Analysis by Nial Fuller – Nov 9th to Nov 13th, 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 9th to Nov 13th, 2020

S&P 500 – Market surges after last weeks bullish Pin Bar + US election senate results.

Short Term Trend: Bullish

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

Price Action Signals: A Bullish Inside Bar + Pin Bar combo formed late last week. A Bullish Pin Bar signal formed at the 3230 support level 2 weeks ago. (We discussed that prior Bullish Pin Bar Signal in last weeks commentary)

Potential Trade Idea: We are considering trading long on price weakness whilst price holds above the 3430 nearby key support level.

AUDUSD – Market forming a strong support base at the 0.7000 key level.

Short Term Trend: Neutral

Short Term Key Levels: 0.6560, 0.6670, 0.6940-70, 0.7050-60 area, 0.7200-40, 0.7395.

Price Action Signals: A Bullish Long Tailed Pin Bar formed at 0.7060 support mid last week. A Bullish Fakey Signal activated early last week just above the 0.7000 key support level.

Potential Trade Idea: We are considering trading long on price weakness whilst price holds above the 0.7000 key support level.

GBPUSD – Market forming a support base above the 1.2800 key level

Short Term Trend: Bullish

Short Term Key Levels: 1.2250, 1.2500, 1.2640 to 1.2660 area, 1.2725, 1.2810, 1.3000, 1.3170, 1.3265, 1.3480.

Price Action Signals: A Bullish Fakey Setup activated early last week just above the 1.2810 support level.

Potential Trade Idea: We are considering trading long on price weakness whilst price holds above the 1.2810 key support level.

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Please Leave A Comment Below 

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.

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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. Mr Ali November 10, 2020 at 10:31 pm

    Audusd is signifying a sell.

    Reply
  2. Andrei November 10, 2020 at 5:42 pm

    Hi, Nial. What about pinbar on AUD/USD?

    Reply

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