Weekly Trade Setups Ideas & Chart Analysis by Nial Fuller – August 13th to 17th, 2018


Nial Fuller forex trader education

GOLD

Multiple inside bars on daily time-frame chart suggest price could collapse further.

Chart Summary: Down trend remains in tact with nearby resistance at 1237.  A series of inside bars has developed, with a break to the downside likely towards 1200 and 1180 support.

Potential Trade Idea: Consider selling short and riding the market lower to next support at 1200 and 1180 area.

EURUSD

Bear market remains firmly in tact whilst prices remain contained below 1.1615 resistance.

Chart Summary: Long term down trend remains in tact with nearby resistance at 1.1500 and 1.1615 resistance.

Potential Trade Idea: Continue to consider selling short on any price strength whilst price is under 1.1500 to 1.1615 resistance range or wait for a price action sell signal on 4 hour or daily chart.

NZDUSD

Technicals looking very weak after last weeks collapse below 0.6690 support level.

Chart Summary: Long term down trend remains in tact with nearby resistance at 0.6690.

Potential Trade Idea: Consider selling short on any price strength whilst prices remain contained under 0.6690.

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 resource.

Related News

arrow

Weekly Trade Setups Ideas & Chart Analysis by Nial Fuller – August 13th to 17th, 2018

2

Send this to a friend