Note On Charts: It’s imperative 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.

Chart 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.

Weekly Trade Setups Ideas & Chart Analysis by Nial Fuller – July 27th to 31st, 2020

CRUDE OIL (Futures) – Looking for potential combo pattern to break down towards $36.20.

Short Term Trend: Neutral

Short Term Key Levels: $28.60, $34.50, $36.20, $41.50.

Price Action Signals: Bearish Tailed Bar + Inside Bar combo pattern formed last week under the $41.50 key resistance level (watch for potential break down). (We mentioned this signal in last Friday’s daily commentary)

Potential Trade Idea: We will consider trading short the current bearish Tailed Bar + Inside Bar combo pattern if prices break down, in anticipation of a break down lower towards $36.20 and then potentially $34.50.

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

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AUDUSD (Spot) – Looking for a break up towards 0.7395.

Short Term Trend: Bullish

Short Term Key Levels: 0.6560, 0.6670, 0.7030-60, 0.7200.

Price Action Signals: The Inside Bar pattern that formed under the 0.7060 level recently has triggered an Inside Bar Break Out higher. (We mentioned this signal in the prior weekly commentary)

Potential Trade Idea: We will consider trading long on a retracement to around the 0.7060 support level in anticipation of a continuation higher towards 0.7200 and then 0.7395.

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

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GOLD (Spot) – Price surging after breaking to all time highs above $1900.

Short Term Trend: Bullish

Short Term Key Levels: $1560, $1640, $1670, $1790, $1816, $1915, ($2000 – round number projected target)

Price Action Signals: The Bullish Pin Bar Signal and subsequent Inside Bar pattern that formed at the $1790 to $1816 area has led to a huge break out higher (price action event area). (We mentioned these signals in the prior weekly commentary)

Potential Trade Idea: We will consider trading long if price retests the recent ‘price action event area‘ (prior bullish Pin Bar signals around $1790 to $1816 area), in anticipation of a continuation higher towards $1900 and then potentially $2000.

NOTE – You can trade Spot GOLD via the preferred 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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