Weekly Trade Setups Ideas & Chart Analysis by Nial Fuller – June 29th to July 3rd, 2022 - presleylactold
Note Connected 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 NY Skinny).
Chart Commentary Disavowal: Nial's views on the Charts is non advice surgery a recommendation to trade operating room 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 Craft Setups Ideas & Chart Analysis by Nial Fuller – June 29th to July 3rd, 2022
GBPUSD (Spot) – Bearish Nether Preceding Pin Bar Event Area
Trend: Short Term Pessimistic
Relevant Key Levels: Living: 1.2150 to 1.2250. Electric resistance: 1.2640 to 1.2770 and 1.3190.
Price Action: Terms has continued to sell turned later the pessimistic Pivot Bar that formed at the 1.2640 resistivity level over 2 weeks ago. (now an event surface area)
Current Notes: Damage is strongly controlled below the prior Stick bar effect arena around 1.2640. Price recently tested the top of the trading range around the 1.2640 electric resistance domain and we are now heading chicken out towards the low side of the trading range around the 1.2150 to 1.2250 area.
Potential Trade Idea: We bequeath take selling on whatever strength and/or after a price action betray signalize whilst price holds below the 1.2640 to 1.2725 electric resistance area (eg: Pin Bar or Inside Bar), targeting a move pull out to the 1.2150 to 1.2250 subscribe sphere.
Watch the members solitary every day newsletter this week for more craft ideas and updates.
Note of hand – You stern trade Spot GBPUSD via the favored trading platform we habit HERE.
GOLD (Spot) – Bullish Above $1660 Hold up
Trend: Optimistic
Relevant Key Levels: Support: $1535 to $1560 and $1640 to $1660. Resistance at $1740 to $1765 area.
Price Action: A rangy Bullish Pin bar formed late last hebdomad right above the $1740 level.
Current Notes: A clean break out higher up the key $1765 resistance area is likely to see a continuance of the up trend. There is short terminus substantiate at the $1640-60 area.
Potential Deal Idea: We will consider buying on any weakness in prices or after a monetary value action grease one's palms signal to confirm an entry (eg: Pin Bar), whilst prices hold out above the $1660 support level. Targeting a move to the $1800 area initially and then potentially towards $1900.
Watch the members exclusively day-after-day newssheet this week for more trade ideas and updates.
Short letter – You can trade Dapple GOLD via the preferred trading weapons platform we use HERE.
Petroleum (WTI Futures) – Full The Preceding Gap, Possible Downside From Here.
Observe – We suggest traders reconsider holding WTI futures concluded the weekend, and if holding a trade at any sharpen during the week, live explicitly aware the commercialise hind end gap well and propel quickly.
Movement: Short Term Neutral / Monthlong Term Pessimistic
Relevant Key Levels: Support: $18.oo and $28.00 and $31.15 and $34.50. Impedance: $41.50 (prior col area)
Leontyne Price Action: Price occupied the price Break at the $41.50 flush and formed a bearish Tholepin Bar indicate middle last week. Price broke raised from a strong Bullish Pin Bar that developed at the $34.50 support spirit level around 2 weeks past.
Current Notes: Price recently broke out above the $34.50 short term opposition tier and has just re-tested the $41.50 John Major resistance level. (gap fill out issue area).
Likely Trade Idea: We will continue to consider selling later a bearish monetary value action bespeak (eg: Pin Bar) at Oregon impartial under the $41.50 resistance level (antecedent gap fill upshot area), targeting a retreat down towards the $34.75 to $31.15 area potentially the $28.00 level.
Watch the members only every day newsletter this week for more trade ideas and updates.
NOTE – You bathroom swap Crude Futures via the preferred trading platform we utilize HERE.
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