Weekly Trade Ideas & Chart Commentary by Nial Fuller – August 27th to 31st, 2018


Nial Fuller forex trader education

EURUSD

Looking to sell from the 1.1750-1.1820 resistance range.

Summary: Long term down trend remains in tact with nearby resistance levels at and 1.1750 and 1.1820 resistance.

Trade Forecast: Continue waiting for a price action sell signal on 4 hour or daily chart, whilst price remains below the 1.1750 to 1.1820 major resistance zone.

USDJPY

Waiting for a pull back to around 110.00 before buying again.

Summary:  The chart shows a major support area between 109.30 and 110.00.

Trade Forecast: Consider buying dips towards the 109.30 to 110.25 support area, or wait for a bullish price action pattern on daily chart.

GOLD

Expect a relief rally to take prices into 1237 before a strong reversal lower again.

Summary: Down trend remains in tact with nearby resistance levels at 1205 and 1237.

Trade Forecast: Consider waiting for price action sell signal on daily time frame at or under the 1237 major resistance level.

CRUDE OIL

Base has formed at 64.20, prices likely to track higher from here.

Summary: Up trend remains in tact with nearby support at 66.20 to 64.20. It’s likely prices will continue to experience buying pressure from nearby support levels.

Trade Forecast: Consider buying on any price weakness around the 64.20 to 66.20 support zone, or wait for a price action buy signal on the daily chart time frame.

This article was written by Nial Fuller. Nial is a highly regarded professional trader and author. He is the founder and CEO of Learn to Trade the Market, the world’s foremost trading education blog.

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Weekly Trade Ideas & Chart Commentary by Nial Fuller – August 27th to 31st, 2018

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