EURAUD – Sellers keep moving forward
Trend: Sell Neutral
Support/Resistance:
R3: 1.61807
R2: 1.60908
R1: 1.60468
S1: 1.59558
S2: 1.58804
S3: 1.57752
Price action:
This trade is very good to understand reversals. In this case you can see overall buyers zone, but if we compare both sides momentum flow, then we can understand that Aud currency is playing strong role in every case for this week. The point to follow true breaking method is that price has to come below S1 for final decision.
Potencial trade idea:
Bulls targets:
T1: 1.61807
Bears targets:
T1: 1.58804
T2: 1.57752
NOTE – We are trading EURAUD 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
Trend: Sell Neutral
Support/Resistance:
R3: 1.61807
R2: 1.60908
R1: 1.60468
S1: 1.59558
S2: 1.58804
S3: 1.57752
Price action:
This trade is very good to understand reversals. In this case you can see overall buyers zone, but if we compare both sides momentum flow, then we can understand that Aud currency is playing strong role in every case for this week. The point to follow true breaking method is that price has to come below S1 for final decision.
Potencial trade idea:
Bulls targets:
T1: 1.61807
Bears targets:
T1: 1.58804
T2: 1.57752
NOTE – We are trading EURAUD 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