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NIAL FULLER
Professional Trader, Author & Trading Coach

Weekly Trade Setups Ideas & Chart Analysis by Nial Fuller – March 30th to April 3rd, 2020

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 Setups Ideas & Chart Analysis by Nial Fuller – March 30th to April 3rd, 2020

S & P 500 

Trend: Very Bearish

Relevant Key Levels: Support at 2320 and 2200. Resistance at 2735, 2860, 2930 and 3020

Price Action: There is a prior inside bar between 2735 and 2860 resistance. (event area)

Current Notes: The bias is bearish whilst prices hold beneath 2735, 2870, 2930 and 3020

Potential Trade Idea: We will consider selling on a retracement higher AND after a clear price action sell signal whilst prices remain below the 2735  to 2860 resistance area, targeting a move back towards 2320 to 2200 area and then potentially lower.

GOLD

Trend: Long Term Bullish

Relevant Key Levels: Support at $1445 and $1535 to $1565. Resistance $1690 to $1700.

Price Action: Inside Bar formed late last week. Watch for a potential bullish fakey pattern.

Current Notes: Price tested and held above the $1445-$1455 major support recently.

Potential Trade Idea: We swill consider looking to buy on a substantial retracement lower, whilst prices still hold above the $1445-$1455 major support area, targeting a move back up to $1610 and then $1690-$1700 area.

AUDUSD 

Trend: Very Bearish

Relevant Key Levels: Resistance 0.6200, 0,6310 and 0.6445. Support 0.6000 and 0.5500

Price Action: Prior Pin Bar signal formed at 0.6310 area. (event area)

Current Notes: The bias bearish whilst prices remain below the 0.6310 and 0.6445 resistance area

Potential Trade Idea: Whilst prices remain under the 0.6310 to 0.6445 resistance area, we will consider selling short after a bounce in prices, and after a bearish price action sell to confirm an entry. Downside targets towards 0.6000 and 0.5500.

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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.
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  1. Giedrius April 8, 2020 at 12:57 am

    Thank you!

    Reply
  2. Mr Ali April 1, 2020 at 7:51 pm

    A potential bearish fakey on the Audusd on play now

    Reply
  3. Jay Boi April 1, 2020 at 2:34 pm

    This is highly helpful…..
    Thank you sir

    Reply

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