NZDCAD – Buyers might go further
NZDCAD – Buyers might go further
Trend: Buy/ Neutral
Support/Resistance:
R2: 0.85569
R1: 0.84961
S1: 0.84298
S2: 0.83689
Price action:
Buyers reacted very strong from the last news announcement, but still they have to break R1 level, to prove their dominance. Price might reach first R1, and then we'll see how sellers will react back on lower timeframe. We need more answers, because news is not always number one fact we get in this game.
Potencial trade idea:
Bulls targets:
T1 = 0.84961
Bears targets:
T1 = 0.85569
NOTE – We are trading NZDCAD 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:
R2: 0.85569
R1: 0.84961
S1: 0.84298
S2: 0.83689
Price action:
Buyers reacted very strong from the last news announcement, but still they have to break R1 level, to prove their dominance. Price might reach first R1, and then we'll see how sellers will react back on lower timeframe. We need more answers, because news is not always number one fact we get in this game.
Potencial trade idea:
Bulls targets:
T1 = 0.84961
Bears targets:
T1 = 0.85569
NOTE – We are trading NZDCAD 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.
Trade closed: target reached:
ALL targets were reached presented by Elite Education and Elite help