AUDCHF – Previous week was crazy, from both price action and new
AUDCHF – Previous week was crazy, from both price action and news announcement
Trend: Buy Neutral
Support/Resistance:
R3: 0.68363
R2: 0.67923
R1: 0.67621
S1: 0.67227
S2: 0.66872
Price action:
Pirce seem sellers tok of the stage. But overall trade is still in buyers ayes. If sellers are enough strong then, they should push the price lower from R1. If buyers can handle above R1 then next potencial Sell is at R2 to test again R1. This trade is a very tricky, but good for education.
Potencial trade idea:
Bulls targets:
T1 = 0.67227
T2 = 0.66872
Bears targets:
T1 = 0.67923
T1 = 0.68363
NOTE – We are trading AUDCHF via the preferred trading setups
ELITEFXACADEMY
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.
Trend: Buy Neutral
Support/Resistance:
R3: 0.68363
R2: 0.67923
R1: 0.67621
S1: 0.67227
S2: 0.66872
Price action:
Pirce seem sellers tok of the stage. But overall trade is still in buyers ayes. If sellers are enough strong then, they should push the price lower from R1. If buyers can handle above R1 then next potencial Sell is at R2 to test again R1. This trade is a very tricky, but good for education.
Potencial trade idea:
Bulls targets:
T1 = 0.67227
T2 = 0.66872
Bears targets:
T1 = 0.67923
T1 = 0.68363
NOTE – We are trading AUDCHF via the preferred trading setups
ELITEFXACADEMY
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.