NZDJPY – Buyers has to break S1 to mark this trade more confidan
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NZDJPY – Buyers has to break S1 to mark this trade more confidant
Trend: Buy/ Neutral
Support/Resistance:
R3: 74.668
R2: 74.094
R1: 72.945
S1: 71.811
S2: 71.499
S3: 70.861
Price action:
In this case scenario price is stuck at recent higher high level 72.65 and still will not prove perfect dirrection to break this level. This is why buyers has to break first resistance and hold above this level. After that, price can see potencial targets.
At the moment price already bounced from suportical levels which giving us one more signal to see this pair more bullish then bearish.
Potencial trade idea:
Bulls targets:
T1: 74.094
T2: 74.668
Bears targets:
T1: 71.811
NOTE – We are trading NZDJPY 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
Use our free analysis where you have everything you need for potencial trade ideas and profit.
NZDJPY – Buyers has to break S1 to mark this trade more confidant
Trend: Buy/ Neutral
Support/Resistance:
R3: 74.668
R2: 74.094
R1: 72.945
S1: 71.811
S2: 71.499
S3: 70.861
Price action:
In this case scenario price is stuck at recent higher high level 72.65 and still will not prove perfect dirrection to break this level. This is why buyers has to break first resistance and hold above this level. After that, price can see potencial targets.
At the moment price already bounced from suportical levels which giving us one more signal to see this pair more bullish then bearish.
Potencial trade idea:
Bulls targets:
T1: 74.094
T2: 74.668
Bears targets:
T1: 71.811
NOTE – We are trading NZDJPY 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