AUDNZD – Good looking buyWelcome to our Elite System. 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.
AUDNZD – Good looking buy
Trend: Strong Buy
Support/Resistance:
R3: 1.06508
R2: 1.06199
R1: 1.05512
S1: 1.04614
S2: 1.04132
Price action:
In this case AUDNZD currency pair is headed to new highs as following trending idea. From the flow, price have already broken very important level at 1.04614 which gave us dirrection and one more fact to set up long position for this currency pair. We are highly bullish for this pair on long term perioud, but first we need few more facts and one of them is retracement from the same broken level, which will then be new support level.
On the other side, if sellers will play out this game as a fake bull, which is hard to believe, then sellers might retrace to lower support levels.
Potencial trade idea:
Bears targets:
T1: 1.05512
T2: 1.06199
T3: 1.06508
NOTE – We are trading AUDNZD via the preferred trading setups
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
Customindicator
USDCHF – Buyers might just started the flowWelcome to our Elite System. 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.
USDCHF – Buyers might just started the flow
Trend: Strong Buy
Support/Resistance:
R3: 0.98285
R2: 0.97969
R1: 0.97819
S1: 0.97688
S2: 0.97481
Price action:
At the moment USDCHF is still very bullish, but from fundamental reasons, we cannot say that this will move on tommorow. (Still can).
Overall perspective on this trade is very bullish, after buyers will break first resistance level. After that we can expect potencial target following (RECOMMENDED) exact levels on Custom Indicator and after breaking second resistance we can expect price to hit 0.98285 resistance level.
If buyers will not be able to continue long position then sellers might retrace to lower point such is 0.97481 support level.
Potencial trade idea:
Bulls targets:
T1: 0.97969
T2: 0.98285
Bears targets:
T1: 0.97481
NOTE – We are trading USDCHF via the preferred trading setups
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
USDCAD – Buyers on the way higherWelcome to our Elite System. 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.
USDCAD – Buyers on the way higher
Trend: Strong Buy
Support/Resistance:
R2: 1.33841
R1: 1.33289
S1: 1.33041
S2: 1.32566
Price action:
At the moment USDCAD is very bullish from USD momentum and CAD zero momentum. To follow this trade, buyers have to break first resistance level and then price can hit our first potencial target at 1.33841 resistance level.
On the other side, if price get denied from bullish idea, then sellers might test lower support levels.
Potencial trade idea:
Bulls targets:
T1: 1.33289
T2: 1.33841
Bears targets:
T1: 1.32566
NOTE – We are trading USDCAD via the preferred trading setups
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
EURUSD – At the point where finnaly sellers will face offWelcome 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.
EURUSD – At the point where finnaly sellers will face off
Trend: Sell/ Neutral
Support/Resistance:
R4: 1.12649
R3: 1.11928
R2: 1.11730
R1: 1.11017
S1: 1.10840
S2: 1.08739
S3: 1.06702
Price action:
Overall eurusd trade is getting performance at very good potencial Bearish idea. Price close from previous weekly close on the bear edge. This means that sellers finnaly showing power, which will tell us what to do next. If the price will break 1.10840 Support level, then as a long bearish term, we can follow weekly analysis report and targets. If the price get declined then we still can see retracement from second resistance which is at 1.11730 level.
Potencial trade idea:
Bulls targets:
T1: 1.11730
Bears targets:
T1: 1.08739
T2: 1.06702
NOTE – We are trading EURUSD 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
SNAP INC – Snapchathers on the way up (Continuation)Welcome 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.
SNAP INC – Snapchathers on the way up (Trend Continuation)
Trend: Strong Buy
Support/Resistance:
R2: 28.18
R1: 23.78
S1: 18.25
S2: 14.36
Price action:
Overall bullish flow is very strong. Snapchat trending is in very good continuation shape. The only way to get higher at this trending idea is following potencial bull targets. If the price get denied at straight away move up, then first buyers support to prove non-faker pattern is at 18.25 level.
Potencial trade idea:
Bulls targets:
T1: 23.78
T2: 28.18
NOTE – We are trading SNAP INC 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
CHFJPY – Buyers on waiting spotWelcome 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.
CHFJPY – Buyers on waiting spot
Trend: Buy/ Neutral
Support/Resistance:
R2: 113.005
R1: 112.838
S1: 112.697
S2: 112.585
Price action:
Market is still on very strong bullish side from CHFJPY currency pair trending idea. But the problem is bearish momentum, which can bring problems to buyers till the right dirrection is not broken. So buyers has to broke first resistance at 112.838 level to continue back to daily recent higher high level. On the other side, if sellers will broek first support level at 112.697, then lower timeframe has opportunity to sell contra trade to second support level at 112.585.
Potencial trade idea:
Bulls targets:
T1: 112.838
T1: 113.005
Bears targets:
T1: 112.585
NOTE – We are trading CHFJPY via the preferred trading setups
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
GBPAUD – Buyers on winning steakWelcome 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.
GBPAUD – Buyers on winning steak
Trend: Buy/ Neutral
Support/Resistance:
R1: 1.93938
S1: 1.90920
S2: 1.89110
S3: 1.86518
Price action:
Market is showing some bullish momentum on GBPAUD currency pair which can follow potencial trade idea if retracement on first support will be clear to entering position. Overall trade idea is bullish but particular this currency pair is in overall neutral zone even if target will be reached. Dominant buyers will be in case if price will break 1.93938 resistance level for proving trending idea. On the other side, if bears are able to broke 1.89110 support level then we can follow potencial bears trade idea to 1.86518 third support level.
Potencial trade idea:
Bulls targets:
T1: 1.93938
Bears targets:
T1: 1.86518
NOTE – We are trading GBPAUD via the preferred trading setups
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
XAUUSD – GOLD has to decideWelcome 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.
XAUUSD – GOLD has to decide
Trend: Sell/ Neutral
Price now: 1560.17
Support/Resistance:
R3: 1588.15
R2: 1577.45
R1: 1563.08
S1: 1555.12
S2: 1540.16
S3: 1531.75
Price action:
Overall flow on xauusd is bullish, but that doesn't mean the price can go deeper then it did. Price of gold is at decisional point between 1563.08 resistance level and 1555.12 support level. Once one side will break one of these price action levels we can go with the flow. We'd be carrefull especially at selling because of overall bullish flow. On the other side if bulls are able to break first resistance, then we might easily see following buyers targets.
Potencial trade idea:
Bulls targets:
T1: 1577.45
T2: 1588.15
Bears targets:
T1: 1540.16
T2: 1531.75
NOTE – We are trading XAUUSD 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
USDCAD – Buyers at very good positionWelcome 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.
USDCAD – Buyers at very good position
Trend: Buy/ Neutral
Support/Resistance:
R3: 1.32490
R2: 1.31750
R1: 1.31150
S1: 1.30471
S2: 1.30000
S3: 1.29500
Price action:
In this case we can see potencial buyers bounce, which can be used as a one more fact to go bullish on usdcad currency pair. Because Elite bullish trading idea is still on bearish side we have to be carefull and play on sellers fails that might happen later in this case. USDCAD currency pair have potencial buy if the price will bounce from first support level at 1.30630. Plus more usd currency is at strong momentum from overall usd index.
Potencial trade idea:
Bulls targets:
T1: 1.31150
T2: 1.31750
T3: 1.32490
Bears targets:
T1: 1.30000
NOTE – We are trading USDCAD 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
GBPUSD – Price has to make a decisionWelcome 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.
GBPUSD – Price has to make a decision
Trend: Sell/ Neutral
Support/Resistance:
R4: 1.31038
R3: 1.33635
R2: 1.32110
R1: 1.31038
S1: 1.29092
S2: 1.27902
S3: 1.27066
Price action:
At the moment gbpusd price is stucked betweeen overall bulls and potencial bears. How can we recognize perfect timing will tell us our Elite strategy, but first of all this trade might be more risky to trade then it looks, because of possible volatility and spikes. Trade idea is more on bearish side then bullish, even if overall market is still showing more bullish. Important to follow is second resistance at 1.27902 level, because if the price will break this level and hold below, we can see second and third target. For now first target is more test for buyers then potencial target if you're trader for healty profit and not Trade chaser. On the other side if the market get bounce and continue bullish, then healty trade idea starts from 1.27902 level.
Potencial trade idea:
Bulls targets:
T1: 1.33635
Bears targets:
T1: 1.29092
T2: 1.27902
T3: 1.27066
NOTE – We are trading GBPUSD 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
USDJPY – Buyers already in good shapeWelcome 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.
USDJPY – Buyers already in good shape
Trend: Buy/ Neutral
Support/Resistance:
R2: 111.046
R1: 110.234
S1: 109.938
S2: 109.726
S3: 109.316
Price action:
Price is still waiting for finnal usdjpy break at 110.234 resistance level which will prove bullish trending idea. For now we might seen some retracements, but overall USD currency is at strong bullish sign. If buyers broke first resistance then we can expect potencial bullish target at 111.046 level. If sellers still have some power to retrace strong enough, then price flow can fall into potencial bulls range.
Potencial trade idea:
Bulls targets:
T1: 110.234
T2: 111.046
Bears targets:
T1: 109.938
NOTE – We are trading USDJPY 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
GBPAUD – Buyers with strong momentumGBPAUD – Buyers with strong momentum
Trend: Strong Buy
Support/Resistance
R4: 0.95652
R3: 0.93997
R2: 0.92350
R1: 1.90811
S1: 0.89306
S2: 1.88122
Price action
Buyers helding trending position very strong. If the price break R1, then price will follow next resistances. The problem here might be gaps lower, but still it looks that sellers are nowhere. I the price can hold below S1 then next target is S2. From overall market, bulls are more confidant for buy then sellers for sell.
Potencial trade idea
Bulls targets:
T1: 0.92350
T2: 0.93997
T3: 0.95652
Bears targets:
T1: 1.88122
NOTE – We are trading GBPAUD via the preferred trading setups
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.
EURGBP – soon sellers will be ready if...EURGBP – soon sellers will be ready if...
Trend: Strong sell
Support/Resistance:
R2: 0.85740
R1: 0.85439
S1: 0.85306
S2: 0.84885
S3: 0.84145
Price action:
Sellers are ready to break S1, but after they have to prove it after we se us short position. Swing is lead by sellers. Momentum is showing much more power from sell side. Eur currency is weak these days. All this basic fact proving sellers power.
Potencial trade idea:
Bulls targets:
T1: 74.532
Bears targets:
T1: 0.84885
T2: 0.84145
NOTE – We are trading EURGBP via the preferred trading setups
ELITEFXACADEMY
Disclamer1: We have to wait for a currency pair to trade after news are reliased. This might be a short correction, or price will give us moving dirrection after news are reliased.
Disclaimer2: 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.
EURNZD– Sellers are working on potencial sell because...EURNZD– Sellers are working on potencial sell because...
Trend: Strong Sell
Support/Resistance
R3: 1.73495
R2: 1.72749
R1: 1.72124
S1: 1.71437
S2: 1.70602
S3: 1.69815
S4: 1.68599
Price action
Sellers are working on potencial sell because of weak eur currency on the other side. Sellers has to break S1 and then will be even more stronger then, they are now. Nzd currency is same showing good power from overall perspective, which made this currency pair more attractive to trade.
Potencial trade idea
Bulls targets:
T1: 1.72749
T2: 1.73495
Bears targets:
T1: 1.70602
T2: 1.69815
T3: 1.68599
NOTE – We are trading EURNZD via the preferred trading setups
ELITEFXACADEMY
Disclamer1 : We have to wait for a currency pair to trade after news are reliased. This might be a short correction, or price will give us moving dirrection after news are reliased.
Disclaimer2: 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.
EURCAD – Price might go higher from price action perspective andEURCAD – Price might go higher from price action perspective and followind weak Cad
Trend: Buy/ Neutral
Support/Resistance:
R3: 1.46639
R2: 1.46382
R1: 1.46122
S1: 1.45886
S2: 1.45558
Price action:
Buyers might be confidant because of Canadian Dollar weakness. Fear might be seen if the price reach higher targets. But still for long term decision, we need more facts.
Potencial trade idea:
Bulls targets:
T1: 1.46122
T2: 1.46382
T3: 1.46639
Bears targets:
T1: 1.45558
NOTE – We are trading EURCAD via the preferred trading setups
Disclamer1: We have to wait for a currency pair to trade after news are reliased. This might be a short correction, or price will give us moving dirrection after news are reliased.
Disclaimer2: 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.
ELITEFXACADEMY
GOLDUSD – As following USD pair, Gold might be lowerGOLDUSD – As following USD pair, Gold might be lower
Trend: Sell/ Neutral
Support/Resistance:
R2: 1477.05
R1: 1459.38
S1: 1444.08
S2: 1433.86
Price action:
Gold is contraverse from Usd pair. Nothing is proved yet that gold can go that deep. First is important to follow lower timeframe to get facts from our Elite strategy and also news statement. Gold is now showing potencial sell.
Potencial trade idea:
Bulls targets:
T1 = 1477.05
Bears Targets:
T1 = 1444.08
T2 = 1433.86
NOTE – We are trading GOLDUSD via the preferred trading setups
Disclamer1: We have to wait for a currency pair to trade after news are reliased. This might be a short correction, or price will give us moving dirrection after news are reliased.
Disclaimer2: 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.
EURGBP – Sellers trending might continue soonEURGBP – Sellers trending might continue soon
Trend: Strong Sell
Support/Resistance:
R3: 0.87143
R2: 0.86645
R1: 0.85998
S1: 0.85402
Price action:
We are waiting for holding price below new resistance level at 0.85998. If price will bunce from this level, we can see bears targets to 0.85402. If buyers are able to break resistance level at 0.86645, then they might continue to 0.87143 resistance level.
Potencial trade idea:
Bulls targets:
T1: 0.87143
Bears targets:
T1: 0.85402
NOTE – We are trading EURGBP via the preferred trading setups
ELITEFXACADEMY
GBPCHF – Buyers might go forward to test high levelsGBPCHF – Buyers might go forward to test high levels
Trend : Strong Buy
Support/Resistance:
R3: 1.31376
R3: 1.30305
R2: 1.28878
R1: 1.28184
S1: 1.27813
S1: 1.26778
Price action:
In this range market flow is caught into range flow, which is undecisional spot. Once buyers and sellers show the right timing, we'll know who's gonna continue. I have positive look to buy Gbp if buyers are able to hold above first resistance and then they have to break second target to reached new high levels.
Potencial trade idea:
Bulls targets:
T1: 1.28878
T2: 1.30305
T2: 1.31376
NOTE – We are trading GBPCHF via the preferred trading setups by EliteFxAcademy
GBPJPY – Following Gbp trending is showing performance to buy thGBPJPY – Following Gbp trending is showing performance to buy this pair
Trend: Strong Buy
Support/Resistance :
R3: 145.741
R2: 143.270
R1: 140.699
S1: 137.820
Price action:
Price hold above trending flow, which will first test Higher High levels and then we'll see if Yen currency will deny again. Buyers are enough confidant to continue trending flow in buy way, but still depending on sellers answer retracement.
Potencial trade idea:
Bulls targets:
T1 = 140.699
T2 = 143.270
T3 = 145.741
NOTE – We are trading GBPJPY via the preferred trading setups by EliteFxAcademy