Bitcoin at decision spot, listen whyWe are at very important zone where we will see if buyers are strong enough to continue next touch to bullish channeling or they will stopped and sellers will finnaly smashed them again and continue to following targets.
Follow description in video and targets in next analysis.
Elitefxacaedmy
Elitestrategy
SP500 to test lower support levelsSP500 is at very good testing level, where we can see how decision will end.
From the whole chart, buyers failed highs. Buyers are out of fuel, and probably stocks will go down, and test lower spots.
This flow is very tipical once it comes to crash. At SP500 buyers actually did very good bounce, but they can't grow confidantly after seeing strong crash on your chart.
Next phase for the market is see how strong will push sellers, so bearish momentum is important.
Secondly, how many holders will not give up, and where is next deep to defense position again from buyers mentality.
On the chart you can chack lower support level, which present targets on H4 chart.
Important! If crash will be too strong, then we can expect that market might crash even lower, especially because of fundamental reasons on what's going on in the world at the moment.
Follow us for more, we'll like to help everyone with our analysis. (To many drawing lines will confused you, so we want to make it simple for every investor and trader)
Elitefxacademy is trading everything on its own system based on number one strategy and custom indicator 2.0
Cheers
Ripple rejected important HighsRipple rejected important high, and sellers start increasing momnetum.
At the moment bulls try to defense support zone, but if there will not be any power, ripple will follow price action to lower supports.
One fact is that whole crypto market is collerated. If 'the Giant'' Bitcoin crash lower as we explained in previous analysis, then ripple will follow dumps
SP 500 bullish predictionBuyers did a very Strong bounce from recent Lower Low. This might stop sellers from selling position at our first market resistance.
If buyers will not show enough powerfull momentum, then our second resistance for sell is out, and target for buyers is expected to third resistance level.
Our prediction for SP500 is that price has to break first resistance level, and after confirmation, we can see this as potential bullish order.
EURAUD sell position on H1 timeframeWe'll not comlicate and give you long description for this pair, bacause this was ment like easy money and sell order on euraud.
Our indicator gave us our sell position yesterday, and many traders entered sell. Prove you can check in our suggestion room, and second prove for this bearish order was recorded LIVE ON FACEBOOK and also shared to our suggestion room.
At the moment we published our second entry, because you've just missed one from yesterday.
Anyway, we wish you good trading
Cheers
Elitefxacademy
Weekly sell prediction for USDCAD 7.4.2020 Yesterday we announced our prediction for usdcad currency pair. As we can see, sellers complete another touch from the chennel, and then broke very strongly buyers support that was important for next bullish push.
At the moment price might hang out between range 1.40884 new resistance level and 1.39969 new support level. If bearish side is able to break through our first target which is 1.39969 then strong bearish shoot is expected all the way to 1.38138 support level.
*If prediction on usdcad will follow all the way to bearish second target, we can even expect our last target at channel touch at 1.36730 key level for this type of parallel channel analysis.
Price can continue even to lower targets. For more success, you're always welcome to our suggestion room.
VIDEO FROM USDCAD prediction: www.youtube.com
Wish you good trading
Elitefxacademy
Check USDCAD explanation for both waysAt the moment USDCAD is stil in buying flow, but if we decide where to go, we can only say, this that at the moment we are stuck in neutral spot.
Check the video for explanation.
Chart are not explained detailed on purpose. We are not teaching our strategy here.
Martin is giving advice and bullish / bearish idea on usdcad currency pair once something will happen.
Our executed trades are based only with indicator, but overall understanding picture can help to everyone, who has pation for trading.
Wish you good trading.
Elitefxacademy
Still might be a good sell, but wait for confirmation firstPrice is at current level at very neutral spot, but sell side has still advantage because of bearish trending.
We'll share with everyone our last decision (buy/sell) in our suggestion room, where we give to every trader free analysis based on our custom indicator.
Thank you for listening,
Elitefxacademy
How AUDCAD might follow our targetsWe are positive about buyers next move, but check the video on what can happen from both side perspective.
We are in game between bearish trending flow and bullish channeling. Follow our mentioned resistance and support levels.
Our entries are always performed on our custom indicator, which cannot be seen here. Youtube channel in preperation.
You can join our free suggestion room, and get potencial trades analyzed on indicator. (send us message on support)
Our expectation:
Buyers Target
T1: 0.86149
T2: 0.87367
T3: 0.88269
Sellers Target
T1: 0.83269
Wish you good trading
EliteFxAcademy
XRP short example on 15 minutes timeframe read descriptionIf bitcoin moves market down (breaking on 6170 support), then Ripple might go with it, even if those two are not in very same correlation. Total market will go down.
In Ripple's case price failed 3rd break out from H4 resistance level. which is so embaracing and lazy movement on buyers side. Ripple is might be waiting for bitcoin move or it could be anything, but to fail 3rd time. then we should start looking for sell position. But this is different, because we will try to catch this bearish test on 15 minutes timeframe, to see how momentum will react on lower support levels xrp might be going to test it.
Break out has to be clear like we draw in our analysis.
Targets are first and second but because of downtrend, who said that price is not able to test even lower targets. (more in suggestions trading room on how to act for the right moment decision*)
Elitefxacademy
ICX might go long ICX might go long because of increasing volume.
Momentum is strong on buyers side, and price is very low. Low means that price was maintaining above support level.
This might not be yet trending for buyers, till we don't see how strong are first and second resistances.
Till now we have to see buy action.
Cheers
Elitefxacademy
Bitcoin is has to test lower support levelsBitcoin is has to test lower support levels for maintaining its own ground. Hopefully media will not scared more investors, because price action will show again emotional movement and not price action movement.
Bitcoin has to test lower targets, but we still believe that it has a potential as a true network value.
At the moment Bitcoin will suffer this crash, till outside system will be fine.
Video will be published on youtube for the same analysis
For exact and ''TAKE ACTION'' entry we have our custom indicator and is availible to everyone, but everyone who wanna see how we do this you can start following us directly
Elitefxacademy
Okay get attention on real quick money GBPAUDThis trade is already showing performance to buy GBP. From last week broken level, this trade is alredy bullish. Price has to test higher resistances.
Price might hit all targets (and could go even higher). Depends on momentum, but at this moment market is very volatile.
Video will be published on youtube for the same analysis
For exact and ''TAKE ACTION'' entry we have our custom indicator and is availible to everyone, but everyone who wanna see how we do this you can start following us directly
Enjoy trading
Elitefxacademy
USDJPY might continue way down - Covid19 problemsHello traders
We likely express also our point view from outside world. Why we are looking usdjpy bearish is from world news perspective, fear and consequances in USA. We hope that United States will take actions and take care for their civilization. For health insurance and people who suffer at the moment.
In the usa, virus will spread much faster then in europe and this is a one of the facts why to short USD
Tehnically this pair is expected to test lower support zone we mentioned. Price can go even further if consequances and media will hype the virus.
Also investors are looking JPY as a heaven..
Price action:
Price has to bounce from second and third support level. Price has already tell us weekly flow for bullish was failed, and mixed with situation can bring USD even lower.
In analysis is explained only expcted flow by each target.
Video will be published on youtube for the same analysis
For exact and ''TAKE ACTION'' entry we have our custom indicator and is availible to everyone, but everyone who wanna see how we do this you can start following us directly
Elitefxacademy
XRP Buy perioud on break out XRP Buy perioud on break out
If price can break levels one buy one, you can folow target to every new resistance. We are looking for potential buy on xrpusd.
Recovery is expected. But the problem can still be to which level, before whole market can recover. This can take time if price will not be recovered soon.
Will price continue falling?Price prediction is expected to retrace after this fall.
Price reached very strong support from monthly perious. Our expectation is that price has to retrace if can break S1 to next resistance. If price get declined then breaking from lower support level is actually new short entry to lower supports.
BTCUSD – Sellers are extremly strong by momentumBTCUSD – Sellers are extremly strong by momentum
Trend: Sell/ Neutral
Support/Resistance:
R2: 10028
R1: 9078.50
S1: 8255
S2: 7678
Price action:
BTCUSD is at current level neutral from decisional spot perspective. Overall market is still bullish, but for short term decision we are more bearish. Decision, when is the right time to sell Bitcoin or buy it, is when price will break up and down support or resistance. Once price will break one of those, then we'll know where is our dirrection.
Potencial trade idea:
Bulls targets:
T1: 10028
Bears targets:
7678
NOTE – We are trading BTCUSD via the preferred trading setups
EURUSD – How strong are buyers?EURUSD – How strong are buyers?
Trend: Strong Sell
Support/Resistance:
R3: 1.10364
R2: 1.10141
R1: 1.10141
S1: 1.09572
S2: 1.09269
S3: 1.07715
Price action:
EURUSD currency pair is potencial if price can hold above first resistance level. If not then it is better to wait. But overall flow from buyers perspective has to rest for a while, to continue way up. So if price can break below first support level, then we can follow bears targets.
Potencial trade idea:
Bulls targets:
T1: 1.10141
Bears targets:
T1: 1.09572
T2: 1.07715
NOTE – We are trading EURUSD via the preferred trading setups
AUDUSD – Follow the right flow ideaAUDUSD – Follow the right flow idea
Trend: Sell/ Neutral
Support/Resistance:
R3: 0.68246
R2: 0.66717
R1: 0.65818
S1: 0.64330
S2: 0.62864
Price action:
At current flow, market is in bearihs flow. But because buyers bounced from 0.64330 new support level very strong, then we can expect short correction for now to 0.65818 resistance level. From overall perspective, flow will continue after breaking weekly lower low at 0.64330 to 0.62864.
Potencial trade idea:
Bulls targets:
T1: 0.65818
Bears targets:
T1: 0.62864
NOTE – We are trading AUDUSD via the preferred trading setups
EURUSD – Sellers on continuation of trending ideaWelcome to our Academy. We’re here to help you achieve what you have been looking for.
Use our free analysis where you have everything you need for potencial trade ideas and profit.
EURUSD – Sellers on continuation of trending idea
Trend: Sell/ Neutral
Support/Resistance:
R3: 1.10631
R2: 1.10157
R1: 1.09898
S1: 1.09646
S2: 1.09405
S3: 1.09014
Price action:
Market on EURUSD currency pair is still more bearish then bullish. At the moment bears broke important support zone and they are continue way lower. Our expectation on this trade is to broke first support level and then price is able to test lower targets. If price can broke second resistance again which will be very hard from bullish side, then it is expected that price can test third resistance level.
Potencial trade idea:
Bulls targets:
T1: 1.10631
Bears targets:
T1: 1.09646
T2: 1.09405
T2: 1.09014
NOTE – We are trading EURUSD 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
GBPJPY – Daily buyers are still in the gameWelcome to our Elite System. We’re here to help you achieve what you have been looking for.
Use our free analysis where you have everything you need for potencial trade ideas and profit.
GBPJPY – Daily buyers are still in the game
Trend: Buy/ Neutral
Support/Resistance:
R3: 143.222
R2: 142.467
R1: 141.982
S1: 141.141
S2: 139.355
Price action:
Market on GBPJPY currency pair is in bullish zone level, but it might go lower if the price breaks first buyers support level at 141.141 and might continue to 139.355 support level.
On the other side, if buyers are enough strong to break second resistance level and if they're able to handle bears then we can expect bounce at third resistance level at 143.222.
To sum up, this trade might be risky to trade because still we need more proven data to see how the flow will decide. Eventhough it is good to trade this idea with Elite custom indicator that can catch H1 trade set ups. (recommended)
Potencial trade idea:
Bulls targets:
T1: 143.222
Bears targets:
T1: 139.355
NOTE – We are trading GBPJPY 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