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Nial Fuller

NIAL FULLER
Professional Trader, Author & Trading Coach

Weekly Trade Setups Ideas & Chart Analysis By Nial Fuller – October 7th to 11th, 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 – October 7th to 11th, 2019

EURUSD – Watching For Bearish Signals Under 1.1100 to 1.1180 Resistance.

Trend: Bearish

Relevant Key Levels: Resistance at 1.1105, 1.1180, 1.1280, 1.1325. Support at 1.0805 and 1.0960

Price Action: Inside Bar forms above 1.0925 level.

Current Notes: The short term bias remains bearish as prices remain contained below the overhead 1.1105 to 1.1280 resistance.

Potential Trade Idea: We will consider selling short on any short term bounce in prices OR on a bearish price action sell signal, whilst price remains below the 1.1105 to 1.1180 resistance area. Initial downside targets to 1.0805.

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

GOLD – Bearish Pin Bar + Inside Bar Combo Pattern Forms At $1525 Resistance Level.

Trend: Bullish

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

Price Action: Bearish Pin Bar + Inside Bar Combo pattern forms late last week. Bullish Tailed Bar formed above $1440 support region a week ago.

Current Notes: With recent bearish price action developing, a short term correction lower is possible, however, the long term bias is bullish whilst prices remain supported above the $1400 to $1440 key long term support area.

Potential Trade Idea 1 : We will consider selling after a price action sell signal (ie: Pin bar + Inside bar Combo) under the $1525 key level, targeting a move back down to $1480 to $1440 area.

Potential Trade Idea 2 : We will continue to consider buying after a pullback in prices and after a price action buy signal at or above the $1440 support area, targeting a move back up to $1500, $1525 and $1550 area.

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

CRUDE OIL – Bullish Pin Bar Forms At $50.00 to $50.80 Long Term Support Area.

Trend: Neutral

Relevant Key Levels: Support at $50.00 to $50.80.  Resistance at $57.50, $63.50 and $66.50 area.

Price Action: Bullish Pin Bar forms at $50.80 support last week. (whilst counter-trend the signal formed at the bottom of long term range)

Current Notes: A longer-term trading range between $50.00 and $57.50 appears to be developing. Price has sold off strongly over the past 2 weeks, filling the gap previously left around the $55.00 area and proceeding further lower.

Potential Trade Idea: We will continue to consider looking for a price action buy signal at $50.00 to $50.80 support (ie: Pin Bar), targeting a move back up to the $53.00 to $55.00 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 October 8, 2019 at 8:03 pm

    Thanks for the analysis sir

    Reply

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