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 30th to October 4th, 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).

EURUSD – Looking To Sell Whilst Under 1.1100 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 Bars pattern broke down recently.

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.

NZDUSD – Bearish Inside Bar Pattern Likely To Break Down

Trend: Bearish

Relevant Key Levels: Resistance 0.6450 to 0.6485, 0.6560 and 0.6720. Support 0.6130

Price Action: An Inside Bar formed late last week. Price broke lower from a bearish Fakey signal 2 weeks ago.

Current Notes: The bias is bearish whilst prices remain below the 0.6450 to 0.6485 and 0.6560 resistance area.

Potential Trade Idea: We would continue to consider selling on a clear price action sell signal (eg: break down of inside bar), whilst price remains under the 0.6450 to 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.

S&P 500 – Looking To Buy Whilst Above 2940 Support

Trend: Bullish

Relevant Key Levels: Support at 2940 to 2960 and 2890 to 2915,  2860-90 and 2800 to 2825. Resistance at 3030 and 3000

Price Action: Bullish Tailed Bar formed late last week just above the 2940 key support level.

Current Notes: The market has sold off back towards the 2940 key support area.  The recent break and close above the 2940 resistance had opened the door for a push back towards the old highs at 3000-3030 again. The bias remains very bullish whilst the long term 2800 to 2825 key support area holds firm.

Potential Trade Idea: We will consider buying on a clear price action buy signal at or above the 2940 support area (eg: bullish tailed bar signal or pin bar), Initial upside targets to 3000 and 3030.

NOTE – You can trade S & P 500 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 

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.

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 *