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NIAL FULLER
Professional Trader, Author & Trading Coach

Weekly Trade Setups Ideas & Chart Analysis – Feb 18th to 22nd, 2019

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By in Forex Trading Commentary & Trade Signals by Nial Fuller Last updated on | 3 Comments

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).
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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 – Feb 18th to 22nd, 2019

TECHNICAL PRICE ACTION ANALYSIS:

All charts illustrated are daily charts unless marked otherwise.

EURUSD – Pin Bar to send prices higher, but the trend remains bearish under 1.1490

Trend: Bearish

Relevant Key Levels: Resistance 1.1490, 1.1615 and 1.1820. Support 1.1218 to 1.1300.

Price Action: A Bullish Pin Bar has formed at the 1.1218 support area.

Current Notes: Price could bounce from the pin bar signal, however, the bias is still bearish beneath 1.1490 to 1.1615 resistance, thus we would prefer selling into any strength.

Potential Trade Idea: We will consider looking to sell short on any strength whilst 1.1490 resistance holds, targetting 1.1350 1.1200 area.

GOLD – Bullish Fakey setup triggers, price heading to $1350

Trend: Bullish

Relevant Key Levels: Support at $1237, $1266, $1280 and $1305. Resistance at $1355.

Price Action: A Bullish Fakey setup has triggered as price moves back through the highs of the mother bar of a failed inside bar setup from several weeks ago.

Current Notes: The bias is bullish above $1266, $1280 and $1305 support, we would prefer buying on any short term pullbacks. The current upward swing targets a move higher into the next resistance at $1355.

Potential Trade Idea: Whilst $1305 short term support holds firmly, we will consider buying on any weakness, targetting a move to at least $1355.

CRUDE OIL – Bullish Fakey setup triggers, price looking to test $58.20

Trend: Slightly Bullish

Relevant Key Levels: Resistance: $58.20. Support: $54.50, $51.20 and $42.30.

Price Action: The Bullish Fakey Setup has triggered and the market has exploded higher, reclaiming the $54.50 key chart level in the process. The prior bullish pin bar remains intact at $51.20

Current Notes: Price reclaims the $54.50 level and looks to be headed to test the next key level at $58.20. The bias is bullish above the recent pin bar low around the $51.20 area.

Potential Trade Idea: We will consider buying on any weakness whilst the low of the bullish pin bar holds at $51.20, targetting $54.50 and then $58.20.

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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. Jose Neves February 21, 2019 at 5:45 am

    Thank you NIAL FULLER’S !!!!!

    Reply
  2. Peter February 18, 2019 at 7:50 pm

    Thanks for the analysis sir

    Reply
  3. ZZZZZZZZZ February 18, 2019 at 6:01 pm

    Cheers Nial

    Reply

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