Weekly Trade Setups Ideas & Chart Analysis by Nial Fuller – Nov 23rd to 27th, 2020

Weekly Trade Setups Ideas & Chart Analysis by Nial Fuller – Nov 23rd to 27th, 2020

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.

Weekly Trade Setups Ideas & Chart Analysis by Nial Fuller – Nov 23rd to 27th, 2020

EURUSD – Potential Bullish Fakey Setup Could Trigger Break Out

Short Term Trend: Bullish

Short Term Key Levels: 1.1180, 1.1415, 1.1500’s, 1.1610, 1.1700-50, 1.1830, 1.1910, 1.1960, 1.2010-80.

Price Action Signals: Bullish Fakey Setup + Pin Bar Signal above 1.1830, is in process of breaking up.

Potential Trade Idea: We are considering trading long from the bullish fakey signal, whilst price holds above the 1.1700-50 short term support zone.

eurusd 2020 11 23 2 45 12

GBPUSD – Bullish Pin Bar Signal Could Send Prices Higher

Short Term Trend: Bullish

Short Term Key Levels: 1.2640 to 1.2660 area, 1.2725, 1.2810, 1.3000, 1.3170, 1.3265,  1.3320, 1.3480.

Price Action Signals: Small Bullish Pin Bar Signal above 1.3170.

Potential Trade Idea: We are considering trading long from the bullish pin bar signal, whilst price holds above the 1.3170 key support level.

gbpusd 2020 11 23 2 45 12AUDUSD – Break Out From Consolidation Likely

Short Term Trend: Bullish

Short Term Key Levels: 0.6670, 0.6940-70, 0.7050-60, 0.7230, 0.7330, 0.7395.

Price Action Signals: Bullish Tailed Bar Signal above 0.7230.

Potential Trade Idea: We are considering trading long from the bullish tailed bar signal after a slight pull back in prices, whilst price holds above the 0.7230 key support level.

audusd 2020 11 23 2 45 12

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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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