Weekly Trade Ideas & Chart Analysis Newsletter by Nial Fuller – Jan 4th to 8th, 2021 » Learn To Trade The Market


Note On Charts: It’s important 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.

Weekly Trade Ideas & Chart Analysis Newsletter by Nial Fuller – Jan 4th to 8th, 2021

AUDUSD (Spot)

Short Term Trend: Bullish

Short Term Key Levels: 0.6670, 0.6940-70, 0.7050-60, 0.7230, 0.7340, 0.7400 to 0.7460 area, 0.7636.

Price Action Signals: Price broke up strongly from a Long Tailed Pin Bar + Inside Bar combo pattern that we discussed in our prior weekly newsletter recently.

Potential Trade Idea: We are considering trading longs after a retracement lower in prices and from a price action signal, whilst price holds above the 0.7400 to 0.7460 support area.

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

S&P 500 (Cash) 

Short Term Trend: Bullish

Short Term Key Levels: 2800, 2970, 3140-50 area, 3210-30 area, 3290, 3400 to 3430, 3500, 3550, 3585-3600 area, 3675.

Price Action Signals: Price broke up from a Giant Bullish Long Tailed Pin Bar + Inside Bar Combo Pattern that formed above the 3600 support level recently (event area).

Potential Trade Idea: We are considering trading longs after a retracement lower in prices, and from a price action buy signal on the 4 hour or daily chart, whilst prices hold above the 3600 support area.

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

CRUDE OIL (Futures) 

Short Term Trend: Bullish

Short Term Key Levels: $28.60, $34.50, $36.60, $38.70, $41.60 to $42.50 area, $43.50, $46.20, $48.50.

Price Action Signals: Price broke up from a Multiple Inside Bar Pattern early this week. A bullish Fakey pattern has finally triggered early this week after the False Break of an Inside Bar occured 2 weeks ago at $46.20 support.

Potential Trade Idea: We are considering trading longs after a retracement lower in prices and from a price action buy signal on the 4 hour or daily chart, whilst price holds above the $46.20 support level.

NOTE – You can trade CRUDE OIL Futures 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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