EliteFxAcademy
Long

GBPNZD – Good looking buy

FX:GBPNZD   British Pound / New Zealand Dollar
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GBPNZD – Good looking buy

Trend: Strong Buy

Support/Resistance:
R3: 2.05609
R2: 2.03502
R1: 2.02991
S1: 2.02059
S2: 2.00196

Price action:
In this case GBPNZD currency pair is headed to hit recent daily and weekly Higher High at 2.04030 daily resistance level . But first we have to break following resistance levels on the picture. At the moment we are in good bullish position. Buyers have already retrace, and next job is to follow this idea higher. Be also carefull on news event.

Potencial trade idea:

Bulls targets:
T1: 2.03502
T2: 2.05609

NOTE – We are trading GBPNZD 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
Feb 14
Comment: Still not proved trade idea. Now plan has changed.

1. We have to test first support clearly or..
2. ... or break first blue line resistance to enter a trade

Comments

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