Ad

Bearish Reversal on AUDUSD Suggests More Downside to Come – 3rd to 4th May 2016

Bearish Reversal on AUDUSD Suggests More Downside to Come – 3rd to 4th May 2016 » Learn To Trade
July Special: Get 35% Off Life-Time Access to Nial Fuller’s Professional Trading Course – Ends July 31st – Click Here

Note: We Use ‘New York Close Charts’ – Get Our Preferred Charts & Trading Platform Here

Trade Setups / Chart in Focus:

AUDUSD – Aussie/dollar bearish reversal could signal more losses

The AUDUSD put in a huge reversal today after the RBA cut interest rates. This market is now looking quite bearish and we are happy to be a seller on rallies in the coming days. We can see near-term resistance up at yesterday’s high and whilst price is contained under that level we see any strength as a potential selling opportunity. If price breaks down through 0.7490 there could be even more downside movement in store.

audusd

Gold – Still looking to buy Gold from support

Gold has thrown in some bearish tailed bars the last couple of days that could set off a downside retrace, and that would provide a nice opportunity to buy this market, in-line with our views from the weekly commentary this week. We still see the support zone near 1260.00 – 1250.00 as a solid near-term area to look to be a buyer of Gold from should price fall down to near that support zone and form a 1 hour, 4 hour or daily chart price action buy signal. If any buying opportunties form we will notify members in the daily trade setups commentary.

gold

Want More Trade Ideas? Get daily trade ideas and analysis on more forex pairs, stock indices and commodities, check out Nial Fuller’s Daily Trading Newsletter.

Latest Trading Lessons

nialfuller

About Nial Fuller

is a Professional Trader & Author who is considered ‘The Authority’ on Price Action Trading. He has a monthly readership of 250,000+ traders and has taught 15,000+ students since 2008.
Checkout Nial’s Professional Forex Course here.

Leave a Comment

Weekly Trade Setups Ideas & Market Analysis – July 18th to 22nd 2016

Note: We Use ‘New York Close Charts’ – Get Our Preferred Charts & Trading Platform Here EURUSD – Euro/dollar contained under key over-head resistance Over the last three weeks, the EURUSD has essentially been consolidating, moving sideways following the large sell-off we saw after… Continue Reading

Weekly Trade Setups Ideas & Market Analysis – July 11th to 15th 2016

Note: We Use ‘New York Close Charts’ – Get Our Preferred Charts & Trading Platform Here EURUSD – Euro/dollar falls back under 1.1100 The EURUSD consolidated last week and ended the week slightly lower after falling back under 1.1100 resistance. Notice that a false break / fakey… Continue Reading

Weekly Trade Setups Ideas & Market Analysis – July 4th to 8th 2016

Note: We Use ‘New York Close Charts’ – Get Our Preferred Charts & Trading Platform Here EURUSD – Euro/dollar still contained under key resistance The EURUSD retraced modestly higher last week following the previous week’s huge sell-off after the Brexit results. We can see price… Continue Reading

Waiting for a Buy Signal in Gold, S&P500 Approaching Key Level, 29th June 2016

Note: We Use ‘New York Close Charts’ – Get Our Preferred Charts & Trading Platform Here Gold – Gold pulling back, looking for a buy signal to get long As we discussed in this week’s weekly market outlook, we are waiting for a further pullback in Gold followed by a price action buy… Continue Reading

Weekly Market Commentary – Trading the BREXIT Fallout – June 27th to July 1st 2016

Note: We Use ‘New York Close Charts’ – Get Our Preferred Charts & Trading Platform Here It was a wild 48 hours of trading late last week in the FX markets, particularly in the GBPUSD and GBP crosses. Heading into the UK referendum (Brexit) vote, the market was pricing in a 75% chance… Continue Reading

Disclaimer: Any Advice or information on this website is General Advice Only – It does not take into account your personal circumstances, please do not trade or invest based solely on this information. By Viewing any material or using the information within this site you agree that this is general education material and you will not hold any person or entity responsible for loss or damages resulting from the content or general advice provided here by Learn To Trade The Market Pty Ltd, it’s employees, directors or fellow members. Futures, options, and spot currency trading have large potential rewards, but also large potential risk. You must be aware of the risks and be willing to accept them in order to invest in the futures and options markets. Don’t trade with money you can’t afford to lose. This website is neither a solicitation nor an offer to Buy/Sell futures, spot forex, cfd’s, options or other financial products. No representation is being made that any account will or is likely to achieve profits or losses similar to those discussed in any material on this website. The past performance of any trading system or methodology is not necessarily indicative of future results.

High Risk Warning: Forex, Futures, and Options trading has large potential rewards, but also large potential risks. The high degree of leverage can work against you as well as for you. You must be aware of the risks of investing in forex, futures, and options and be willing to accept them in order to trade in these markets. Forex trading involves substantial risk of loss and is not suitable for all investors. Please do not trade with borrowed money or money you cannot afford to lose. Any opinions, news, research, analysis, prices, or other information contained on this website is provided as general market commentary and does not constitute investment advice. We will not accept liability for any loss or damage, including without limitation to, any loss of profit, which may arise directly or indirectly from the use of or reliance on such information. Please remember that the past performance of any trading system or methodology is not necessarily indicative of future results.

legal

Leave a Reply