December Special: Get 50% Off Nial Fuller's Price Action Trading Course & Daily Newsletter (Ends Dec 31st)
Nial Fuller

NIAL FULLER
Professional Trader, Author & Trading Coach

Weekly Trade Setups Ideas & Chart Analysis – September 23rd to 27th, 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 – September 23rd to 27th, 2019

All charts illustrated are daily time frames unless marked otherwise.

EURUSD – Bearish Price Action Signals Under 1.1105 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: Multiple Inside Bar Pattern and an Inside Bar + Pin Bar Combo pattern forms last week. A small bearish Pin Bar formed at 1.1100 resistance recently and remains in tact.

Current Notes: The short term bias remains bearish as prices remain contained below the overhead 1.1180 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 1.1180 to 1.1280 resistance area. Initial downside targets to 1.0805.

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

NZDUSD – Significant Technical Failure Of 0.6270 Support

Trend: Bearish

Relevant Key Levels: Resistance 0.6400, 0.6485, 0.6560 and 0.6720. Support 0.6130

Price Action: Price closed below the 0.6270 major level week. Price moved lower from a small bearish tailed bar last week. Price broke lower from a bearish Fakey signal 2 weeks ago.

Current Notes: The bias is bearish whilst prices remain below the 0.6485 to 0.6560 resistance area.

Potential Trade Idea: We will continue to consider selling on any short term bounce in prices OR from a clear price action sell signal whilst price remains under the 0.6400 t 0.6485 resistance area, targeting a move back to 0.6130 initially.

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

CRUDE OIL – Watch For The Gap Fill As Potential Buy Zone

Trend: Neutral

Relevant Key Levels: Support at $53.00 to $55.00 and $57.50. Resistance at $63.50 and $66.50 area.

Price Action: A huge gap up in prices occurred last week, followed by a sell-off in prices to start filling that price gap.

Current Notes: Price appears to be trying to fill the recent gap in prices (moving back to $55.00 event area, where the gap commenced). This area may act as a short term support area when it is re-tested.

Potential Trade Idea: We will consider looking for a Price Action Buy Signal around the $55.00 key level (gap-fill event area),  targeting a move back up to the $57.50 to $60.30.

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

Members Get Daily Trade Ideas & Chart Analysis From Nial Fuller Every Day …
All Members of Nial Fuller’s trading courses & members area get access to Nial’s daily trade setups ideas newsletter. You will get potential trade ideas and technical chart analysis on Currency Pairs, Commodities, Stock Indices and more. For More Info Visit the Course Membership Page Here.

Note: –  Download a Free Trial of the Broker & Charting Platform We Use HERE.

Please Leave A Comment Below 

Print Friendly, PDF & Email

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.

Leave a Comment

Your email address will not be published. Required fields are marked *