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 – Jan 13th to 17th, 2020

EURUSD – Looking To Sell On Strength Whilst Under The 1.1180 to 1.1240 Resistance.

Trend: Bearish

Relevant Key Levels: Resistance at 1.1180 and 1.1240 to 1.1280. Support at 1.0805, 1.0925

Price Action: Price previously reconnected back under the 1.1180 level after a bearish Pin Bar formed at the 1.1240 resistance level several weeks ago.

Current Notes: The long term bias remains bearish as prices remain contained below the 1.1180 to 1.1280 long term resistance range.

Potential Trade Idea: We will consider selling short on any short term bounce in prices and/or after a bearish price action sell signal, whilst prices remain below the 1.1180 and 1.1280 resistance areas. Initial downside targets to 1.0925.

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

AUDUSD – Looking To Sell On Strength Under The 0.7050-80 Resistance area

Trend: Long Term Bearish

Relevant Key Levels: Resistance 0.7205, 0.7080 and 0.7050. Support 0.6700 and 0.6900 t0 0.6930 area

Price Action: After selling off early last week, price broke up from an Inside Bar structure late last week (counter-trend and no confluent level).

Current Notes: The bias is bearish whilst prices remain below both the 0.7050 to 0.7205 resistance levels.

Potential Trade Idea: We will consider selling short on a short term bounce in prices AND after a bearish price action sell signal forms at or under the 0.7050 to 0.7080 resistance area. Initial downside targets to 0.6900-0.6930 area.

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

GOLD – Looking A Buy On Weakness Whilst Above The $1520-25 Support Area

Trend: Bullish

Relevant Key Levels: Support at $1440 to $1450’s and $1510 to $1525 area. Resistance at $1610 to $1620 area.

Price Action: There is a small Bullish Pin bar that formed late last week around $1540. Price surged into $1620 long term resistance and collapsed, forming a massive Bearish Tailed Bar Signal mid-last week.

Current Notes: Despite the massive sell signal, the bias is mildly bullish whilst prices remain atop $1510 to $1525 key support area. The upside is limited from here as there is still major resistance holding firmly at $1620 from several years ago.

Potential Trade Idea 1: We will consider looking to buy at or just above the $1510 to $1525 short term support area and/or after a price action buy signal, targeting a move up to $1610 to $1620 the resistance level initially.

Potential Trade Idea 2: We will consider looking to sell at or just below the $1610 to $1620 resistance area and/or after a price action sell signal, targeting a move up to the $1510 to $1525 area initially.

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

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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.





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