Weekly Trade Setups Ideas & Chart Analysis by Nial Fuller – September 14th to 18th, 2020 » Learn To Trade The Market


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.

(Delayed by 2 Days Due To Unforeseen Circumstances).
Weekly Trade Setups Ideas & Chart Analysis by Nial Fuller – September 14th to 18th, 2020

AUDUSD (Spot) 

Short Term Trend: Bullish

Short Term Key Levels: 0.6560, 0.6670, 0.6970, 0.7050-60 area, 0.7200.

Price Action Signals: Price broke up from an Inside Bar pattern that formed late last week. You will also notice this was a failed Bearish Pin Bar + Inside Bar Pin bar combo pattern, this signal would NOT have been traded as the trend was bullish and we are above several nearby key support levels.

Potential Trade Idea: We will consider trading long after a retracement, and after a price action buy signal on the 4 hour or daily chart timeframe to confirm an entry, whilst prices remain above the 0.7050-60 key support area, in anticipation of a continuation higher towards the 0.7395 level and beyond.

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

USDJPY (Spot) 

Short Term Trend: Bearish

Short Term Key Levels: 101.00, 104.20 to 105.00, 106.10, 106.60 to 106.90 area, 109.35

Price Action Signals: Price broke down from a Pin Bar + Inside bar combo pattern that formed 2 weeks ago under 106.60 resistance level. Price is currently attempting to break down from a large cluster of multiple Inside Bars that have formed within a large bearish mother bar over the past few weeks.

Potential Trade Idea: We will consider trading short after a retracement and after a price action signal to confirm an entry, whilst prices remain contained below the 106.90 resistance area, in anticipation of a further collapse back down towards the 105.00 to 104.20 levels and then potentially the 101.00 level.

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

GOLD (Spot) 

Short Term Trend: Slightly Bullish

Short Term Key Levels: $1560, $1640, $1670, $1790, $1816, $1866, $1905 to $1915, $1980, $2000, $2070

Price Action Signals: Price moved up from a Pin Bar that formed at the $1905 support level early last week.

Potential Trade Idea: We will consider trading long after a retracement, and after a price action buy signal on the 4 hour or daily chart timeframe to confirm an entry, whilst prices remain above the $1905 key support area, in anticipation of a continuation higher towards the 2000 level and then the 2073 level (recent high).

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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