NZDUSD, GBPUSD & CRUDE OIL – May 3rd to 7th, 2021 » Learn To Trade The Market


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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.

NZDUSD – SPOT

Price Action: The recent Inside Bar pattern that broke up failed and has become a bearish Fakey Setup. Price moved down from a bearish Tailed Bar that formed 2 days ago (we had not considered trading this signal).

Idea: We are considering trading shorts on a retracement into the range the bearish Fakey setup.

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

CRUDE OIL – FUTURES

Price Action: Price surged from the bullish Pin Bar signal that formed 5 days ago. (event area), (mentioned in prior newsletters).

Idea: We are considering trading longs on a retracement back into the prior bullish Pin Bar signal (event area), OR after a another price action buy signal, at or just above $60.69 support.

NOTE – You can trade Crude Oil futures via the trading platform we use HERE.

GBPUSD – SPOT

Price Action: The prior multiple Inside Bar break out failed and has become a bearish Fakey Setup (false break of inside bars, and subsequent collapse lower). The bullish Pin Bar signal that formed 3 days ago, failed (discussed in prior newsletters).

Idea: We are not considering a trade at this time. (watch the members trade ideas newsletter for analysis updates on this pair this week).

NOTE – You can trade Spot GBPUSD 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

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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