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GBPAUD – Sellers still on bearish side
Trend: Strong Sell
Support/Resistance:
R2: 1.95436
R1: 1.91019
S1: 1.85032
S2: 1.82091
S3: 1.79908
Price action:
Overall flow is more bearish then bullish. First market has to decide which side is dominant more dominant for long term trade. Furthermore Sellers are more powerfull then buyers on Daily timeframe. Potencial sell targets are on the proving edge of first resistance. If sellers can hold below, then we can see first target at 1.85032 level. If buyers will be weak in this case, then sellers have open trade to second target at 1.82091 level.
If the price will be denyed from sell side, then buyers might push the price from 1.91019 level to 1.93952.
Continuation from previous week*
Potencial trade idea:
Bulls targets:
T1: 1.95436
Bears targets:
T1: 1.85032
T2: 1.82091
NOTE – We are trading GBPAUD 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.
GBPAUD – Sellers still on bearish side
Trend: Strong Sell
Support/Resistance:
R2: 1.95436
R1: 1.91019
S1: 1.85032
S2: 1.82091
S3: 1.79908
Price action:
Overall flow is more bearish then bullish. First market has to decide which side is dominant more dominant for long term trade. Furthermore Sellers are more powerfull then buyers on Daily timeframe. Potencial sell targets are on the proving edge of first resistance. If sellers can hold below, then we can see first target at 1.85032 level. If buyers will be weak in this case, then sellers have open trade to second target at 1.82091 level.
If the price will be denyed from sell side, then buyers might push the price from 1.91019 level to 1.93952.
Continuation from previous week*
Potencial trade idea:
Bulls targets:
T1: 1.95436
Bears targets:
T1: 1.85032
T2: 1.82091
NOTE – We are trading GBPAUD 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