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Nial Fuller

NIAL FULLER
Professional Trader, Author & Trading Coach

Weekly Trade Setups Ideas & Chart Analysis By Nial Fuller – Oct 28th to Nov 1st, 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 Ideas & Chart Analysis by Nial Fuller – Oct 28th to Nov 1st, 2019

USDJPY – Bullish Pin Bar Signal Still Active From Last Week

Trend: Bullish (short term)

Relevant Key Levels: Resistance at 108.50 and 108.90. Support at 104.60 and 106.80.

Price Action: The Bullish Pin Bar that formed recently at 108.50 remains intact.

Current Notes: Price could explode higher if prices break above the 108.90 resistance. The recent break and close above 108.50 could see prices break out of the recent sideways congestion and activate a short term uptrend.

Potential Trade Idea: We will consider buying after a price action signal whilst prices remain above the 106.80 support area (eg: Inside Bar break out or Pin Bar signal) Upside Targets to 108.90 and then 110.000 and possibly beyond.

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

Hang Seng Index (HSI) – Potential Bullish Fakey Pattern To Trigger Move Higher

Trend: Neutral

Relevant Key Levels: Support: 24815 and 25340 to 25440 area. Resistance: 27380, 27640, 28000, and 29000.

Price Action: A bullish Fakey Pattern has the potential to break out after the recent Inside Bar false break.

Current Notes: Price appears to be headed back up to fill the large price gap left previously at 27640. The market has started moving sideways above long term support at 24800 after a recent bear market.

Potential Trade Idea: We will consider buying after a price action buy signal (eg: Potential Fakey Setup or Pin Bar signal), whilst price remains contained above the 24800 to 25340 support area. Upside targets 27380 initially, then potentially 27640 (gap-fill target).

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

S & P 500 Index- Break Out To Fresh New Possible This Week

Trend: Bullish

Relevant Key Levels: Support at 2960 to 2980, 2860 to 2890 and 2800 to 2825. Resistance 3030.

Price Action: Price recently surged higher from a giant Bullish Pin Bar Signal with a large tail that formed above the 2860-90 support area.

Current Notes: A break above 3030 activates a longer-term break out pattern. A strong technical support base has formed after prices held firmly at the 2860 to 2890 support area. The trend remains bullish whilst the 2800 to 2825 key support area holds.

Potential Trade Idea: We will continue to consider buying on a retracement in prices OR after a clear price action buy signal (eg: Inside Bar break out or Pin Bar Signal) whilst prices remain above the 2860 to 2890 support area. Initial upside targets to 3030.

NOTE – You can trade S & P 500 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. yusuf.m.a November 1, 2019 at 1:57 pm

    i am a beginner i need your support . please send me weekly trade set up

    Reply

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