Weekly Trade Setups Ideas & Chart Analysis by Nial Fuller – July 13th to 17th, 2020


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 – July 13th to 17th, 2020

AUDUSD (Spot) – Potential For A Break Out From The Recent Consolidation Towards The 0.7200 Level.

Trend: Bullish

Relevant Key Levels: Support 0.6560 and 0.6670. Resistance 0.7030-60 and 0.7200.

Price Action: Price has been consolidating in a tight range for the past week. (watch for a possible break up this week).

Current Notes: The trend has recently moved to bullish with strong support at both the 0.6560 and 0.6670 level.

Potential Trade Idea: We will consider looking to buy on weakness and/or after a clear price action buy signal (eg: Pin Bar Signal or Inside Bar Break Out), whilst prices remain atop the 0.6560 and 0.6670 support area, targeting a move back up to the 0.7200 level.

Watch the daily member’s newsletter this week for trade ideas and updates.

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

GOLD (Spot) – Looking To Buy On Any Weakness Whilst The $1745 Support Level Holds.

Trend: Bullish

Relevant Key Levels: Support: $1535 to $1560 and $1640 to $1670. Resistance at $1915.

Price Action: Price has surged higher from the 2 Bullish Pin bars that recently formed above $1740 level and$1765 level.

Current Notes:  The break out above the key $1740 to $1765 resistance area is likely to see a continuation of the current up trend. There is strong support at the $1670 level.

Potential Trade Idea: We will consider buying on any pull back / weakness in prices and/or after a price action buy signal to confirm an entry (eg: Pin Bar or Inside bar break up), whilst prices hold above the $1670 long term support level. Targeting a move to the $1820 level and then potentially the $1915 level (all time high).

Watch the daily member’s newsletter this week for trade ideas and updates.

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

S & P 500 (Cash) – Recent Pin Bar Signals At The 3150 Support Level Could Trigger A Break Out Higher.

Trend: Bullish

Relevant Key Levels: Support: 2770, 2960 and 3150. Resistance: 3220 and 3400 area.

Price Action: 2 Bullish Tailed Bars formed late last week right at the 3150 short term support level.

Current Notes: A break above 3220 could see prices retest the 3400 level. There is strong key support at 2770 and 2970.

Potential Trade Idea: We will consider buying on any pull back/weakness in prices and/or after a price action buy signal to confirm an entry (eg: Pin Bar Signal or Inside bar break out), whilst prices hold above the 2970 key support level. Targeting a move to the 3220 level and then potentially the 3400’s area (old highs).

Watch the daily member’s newsletter this week for trade ideas and updates.

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

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