GBPUSD – Buyers momentum reaction from the channel
GBPUSD – Buyers momentum reaction from the channel
Trend: Buy/ Neutral
Support/Resistance:
R2: 1.29929
R1: 1.28974
S1: 1.28378
S2: 1.27548
Price action:
Buyers were very strong from news announcement, but the problem is because we have small gap downside. We might reach channel next touch but be aware of the gap and market behaviour like we are teaching in our elite course.
Potencial trade idea:
Bulls targets:
T1: 1.28974
T2: 1.29929
Bears targets:
T1: 1.27548
NOTE – We are trading GBPUSD via the preferred trading setups
Disclamer1: We have to wait for a currency pair to trade after news are reliased. This might be a short correction, or price will give us moving dirrection after news are reliased.
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.
ELITEFXACADEMY
Trend: Buy/ Neutral
Support/Resistance:
R2: 1.29929
R1: 1.28974
S1: 1.28378
S2: 1.27548
Price action:
Buyers were very strong from news announcement, but the problem is because we have small gap downside. We might reach channel next touch but be aware of the gap and market behaviour like we are teaching in our elite course.
Potencial trade idea:
Bulls targets:
T1: 1.28974
T2: 1.29929
Bears targets:
T1: 1.27548
NOTE – We are trading GBPUSD via the preferred trading setups
Disclamer1: We have to wait for a currency pair to trade after news are reliased. This might be a short correction, or price will give us moving dirrection after news are reliased.
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.
ELITEFXACADEMY
Comment:
the price is above support and hold above. If buyers will not show any power in common then better is just watch on the side
Comment:
This pair has still potencial buy. Be aware of news statement at 10.30 am GMT +1
Trade closed: target reached:
ALL TARGETS REACHED
Follow our next analysis by
ELITEFXACADEMY
Follow our next analysis by
ELITEFXACADEMY