Weekly Trade Ideas & Price Action Analysis by Nial Fuller – March 1st to 5th, 2021 » Learn To Trade The Market

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Weekly Trade Ideas & Price Action Analysis by Nial Fuller – March 1st to 5th, 2021 » Learn To Trade The Market


Note On Charts: It’s important you are trading with a broker that offers New York Close Charts, (a true 5 day chart that aligns with the true New York Close).
Download a demo of our Preferred Broker & Charting Platform Here.

Commentary Disclaimer: This should not be considered financial advice or a recommendation to trade or invest in any financial product. Your personal financial circumstances and risk limits have not been taken into consideration in the below analysis and comments.

GBPUSD (Spot) 

Short Term Trend: Bullish.

Price Action Signals: Price is approaching a prior price action event area around 1.3620 support. Price broke down from a Bearish Pin Bar under 1.4236 late last week. (counter trend signal).

Potential Trade Idea: We are considering trading longs from a bullish price action signal after a retracement lower in prices, whilst price remains above the 1.3620 to 1.3755 key support area.

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

GOLD (Spot) 

Short Term Trend: Bearish.

Price Action Signals: Price moved down strongly from several Bearish Pin Bar signals that formed around the $1850 to $1875 resistance zone several week ago. (now an event area).

Potential Trade Ideas: We are considering trading shorts from a bearish price action Signal on the 1 hour, 4 hour or daily chart, whilst price remains under the $1850 to $1875 resistance zone.

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

S&P 500 (Cash) 

Short Term Trend: Bullish.

Price Action Signals: A massive Bullish Pin Bar signal failed at 3866 short term support last week.

Potential Trade Idea: We are considering trading longs after a retracement lower in prices and after a Bullish Price Action signal forms on the 4 hour or daily chart time-frame at either the 3755, 3670 or 3603 support level.

NOTE – You can trade S&P 500 Cash via the trading platform we use HERE.

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Chart Commentary Disclaimer: Nial Fuller’s and Learn To Trade The Market’s analysis and comments below should not be considered financial advice or a recommendation to trade or invest in any financial product. Your personal financial circumstances and risk limits have not been taken into consideration in the below analysis and comments. This newsletter is for general educational purposes only. Do not blindly buy and sell the financial products discussed in this newsletter. Always do your own analysis and research and be expressly aware of the risks and rewards in trading or investing in any financial product.

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About Nial Fuller

Nial Fuller is a Professional Trader, Investor & Author who is considered ‘The Authority’ on Price Action Trading. His blog is read by over 200,000+ followers and he has taught 25,000+ students since 2008. In 2016, Nial won the Million Dollar Trader Competition. Checkout Nial’s Professional Trading Course here.

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