Buy
EURUSD – How strong are buyers?EURUSD – How strong are buyers?
Trend: Strong Sell
Support/Resistance:
R3: 1.10364
R2: 1.10141
R1: 1.10141
S1: 1.09572
S2: 1.09269
S3: 1.07715
Price action:
EURUSD currency pair is potencial if price can hold above first resistance level. If not then it is better to wait. But overall flow from buyers perspective has to rest for a while, to continue way up. So if price can break below first support level, then we can follow bears targets.
Potencial trade idea:
Bulls targets:
T1: 1.10141
Bears targets:
T1: 1.09572
T2: 1.07715
NOTE – We are trading EURUSD via the preferred trading setups
NZDJPY – Buyers has to break S1 to mark this trade more confidanWelcome to our Academy. We’re here to help you achieve what you have been looking for.
Use our free analysis where you have everything you need for potencial trade ideas and profit.
NZDJPY – Buyers has to break S1 to mark this trade more confidant
Trend: Buy/ Neutral
Support/Resistance:
R3: 74.668
R2: 74.094
R1: 72.945
S1: 71.811
S2: 71.499
S3: 70.861
Price action:
In this case scenario price is stuck at recent higher high level 72.65 and still will not prove perfect dirrection to break this level. This is why buyers has to break first resistance and hold above this level. After that, price can see potencial targets.
At the moment price already bounced from suportical levels which giving us one more signal to see this pair more bullish then bearish.
Potencial trade idea:
Bulls targets:
T1: 74.094
T2: 74.668
Bears targets:
T1: 71.811
NOTE – We are trading NZDJPY via the preferred trading setups by EliteFxAcademy
Disclaimer: Martin’s views on the Chart analysis is ment as a trading advice for education terms; Education terms include: trading consistency to everyone who is reading this blog; for every advance student and for every Elite student who is using this analysis for managing his equity by Elite strategy and custom indicator. This analysis is understandable and transparent for all Elite students. This is a free content which is based from Academy in term of transparency to support and following progress to everyone. We know that there is always possible way that market can pull you out even when you follow our analysis blog and advice for a trade. We don’t publish where you have to have your risk management – Stop Loss, because, it would not be fair to Elite members, who learned this techniques in our Elite course.
Keywords:
Elite strategy, Custom Indicator, Fundamental Analysis , Tehnical analysis, Price action, Advanced strategies, Trading Education
Good trading!
Elitefxacademy
DivergenceRSI PIVOT (RSIP) HOW IT WORKS?
This script draws a line when rsi cross over or under the oversold and overbought line. Supprisingly these pivots sometimes good indicator for positive and negative divergence or continuation.
For example:
+ if the price goes above the previos rsi overbought area (red line), it means positive sign and price will contiue to climb like number 1 examples.
+ if the price goes above the previous oversold area (green line). It means positive divergence start like number 2 examples.
+ this script can also say us to up move ended. Because the price can't go above the price like number 3 examples.
+ There are a lots of signals in it ;) you can find them with little effort.
What about 4? Actually it is not a bullish sign but a little pump might come.
Dont be hesitate to use "RSI Pivot" and press like button ;)
Cheers :)
EURUSD longEURUSD seems to setting up for a long move in the next few days.
- Price has been in a nice uptrend since 2nd october, and is just retesting the previous higher high.
- Price is also using the 50ema in the 1 hour as a dynamic support.
How I will enter:
I will be waiting for price to push a little bit lower and form wicked candles.
USDCAD is also approaching one of my resistance zones, if rejected price could potentially fall back down to the 1.32 - 1.18 region which will confirm this trade.
XAUUSD longInital consensus as posted earlier was XAUUSD will retest and price will fall short, however price did not follow my entry requirements so I did not enter the short position.
Now price has broken the previous resistance zone and is consolidating sideways above it.
How I will be entering:
- I will be waiting for a candlestick that wicks down to the current zone that it just broke which will indicate a retest and rejection of that zone.
- I will then wait for a nice bodied bullish candle to confirm the upwards move and will enter at the close of that candle.