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 – June 22nd to 26th, 2020

GBPUSD (Spot) – Bearish Pin Bar Still Containing Prices Under 1.2640 Resistance.

Trend: Short Term Neutral / Long Term Neutral.

Relevant Key Levels: Support: 1.2150 to 1.2250. Resistance: 1.2640 to 1.2770 and 1.3190.

Price Action: Price sold off from a bearish Pin Bar that formed at the 1.2640 resistance level 2 weeks ago. (event area)

Current Notes: Price recently tested the top fo the trading range around the 1.2640 resistance area and is now headed back down towards the low side of the trading range around the 1.2150 to 1.2250 area.

Potential Trade Idea: We will consider selling after a price action sell signal whilst price holds below the 1.2640 to 1.2725 resistance area (eg: Pin Bar), targeting a move to the 1.2150 to 1.2250 support area.

Watch the VIP members only daily newsletter this week for trade ideas and updates.

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

GOLD (Spot) – Pin Bar + Inside Bar Combo Pattern Breaks Up.

Trend: Short Term Neutral / Long Term Bullish

Relevant Key Levels: Support: $1535 to $1560 and $1640 to $1660. Resistance at $1740 to $1760 area.

Price Action: Price broke up from a bullish Pin Bar + Inside Bar combo pattern that had formed just under the $1740 resistance level last week.

Current Notes: We will likely see a continuation higher if prices break out above the significant $1760 resistance area. There is short term support at the $1560 level and the $1640-60 area.

Potential Trade Idea: We will continue to consider buying after a price action buy signal to confirm an entry (eg: Pin Bar or Inside Bar break out), whilst prices hold above the $1660 support. Targeting a move to $1760 area and then $1800.

Watch the VIP members only daily newsletter this week for trade ideas and updates.

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

NZDUSD (Spot) – Bullish Pin Bar At 0.6375 Support Sends Prices Higher.

Trend: Short Term Bullish

Relevant Key Levels: Support 0.6160 t0 0.6215 and 0.6375. Resistance: 0.6570.

Price Action: A Bullish Pin Bar formed early last week above 0.6375 short term support.

Current Notes: Price has broken out of the prior trading range and has reclaimed the 0.6160 key level.

Potential Trade Idea: We will consider looking to buy on price pull backs and after a price action buy signal whilst prices remain atop the 0.6160 to 0.6215 support area, targeting 0.6570 area initially.

Watch the VIP members only daily newsletter this week for trade ideas and updates.

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

VIP 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 VIP Membership Page Here.

Please Leave A Comment Below 





Source link

Register at Binance