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GOLDUSD – As following USD pair, Gold might be lowerGOLDUSD – As following USD pair, Gold might be lower Trend: Sell/ Neutral Support/Resistance: R2: 1477.05 R1: 1459.38 S1: 1444.08 S2: 1433.86 Price action: Gold is contraverse from Usd pair. Nothing is proved yet that gold can go that deep. First is important to follow lower timeframe to get facts from our Elite strategy and also news statement. Gold is now showing potencial sell. Potencial trade idea: Bulls targets: T1 = 1477.05 Bears Targets: T1 = 1444.08 T2 = 1433.86 NOTE – We are trading GOLDUSD 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.
FX:XAUUSDEducation
by EliteFxAcademy
GBPCHF – Buyers started following power of Gbp currency.GBPCHF – Buyers started following power of Gbp currency. Trend: Buy/ Neutral Support/Resistance: R2: 1.29594 R1: 1.28518 S1: 1.27640 S2: 1.27036 S3: 1.26425 Price action: Price is headed to test last Higher High by buyers momentum. If the price will break first resistance, it might go higher to achieve second target at 1.29594. If first test to last higher high is denied then sellers will test second support level at 1.27640. If sellers achieve second support and change it to resistance level, then price might change its way. at 1.67298. Potencial trade idea: Bulls targets: T1: 1.28518 T2: 1.29594 Bears targets: T1: 1.27036 T1: 1.26425 NOTE – We are trading GBPCHF via the preferred trading setups ELITEFXACADEMY
Education
by EliteFxAcademy
CHFJPY – Jpy currency is showing weakness from previous days andCHFJPY – Jpy currency is showing weakness from previous days and the trade might be continued by swiss currency. Trend: Strong Buy Support/Resistance: R3: 111.497 R2: 110.800 R1: 110.169 S1: 109.779 S2: 109.384 Price action: Buyers might continue move higer if buyers break resistance level at 110.169. If we hold above this level then price might see targets such as 110.800 level and higher at 111.497 level. If buyers would dismissed momentum then sellers target is at buyers support at 109.384. Potencial trade idea: Bulls targets: T1: 110.800 T2: 111.497 Bears targets: T2: 109.384 NOTE – We are trading CHFJPY via the preferred trading setups ELITEFXACADEMY
Education
by EliteFxAcademy
AUDCAD – Buyers still holding positionAUDCAD – Buyers still holding position Trend: Strong Buy Support/Resistance: R3: 0.91210 R2: 0.91023 R1: 0.90841 S1: 0.90522 S2: 0.90224 Price action: Buyers still holding position. From the last swing, buyers tested seller momentum to get answer from bears. Buyers handle price action above support level at 0.90841. If buyers will be enough strong to push price above first resistance level and return it to support, then we can see next targets at 0.91023 level and 0.91210 level. On the other side, if sellers break support level at 0.90522 then they will continue price downside to level 0.90224. Potencial trade idea: Bulls targets: T1: 0.91023 T2: 0.91210 Bears targets: T1: 0.90522 T2: 0.90224 NOTE – We are trading A UDCAD via the preferred trading setups ELITEFXACADEMY
Education
by EliteFxAcademy
NZDCHF – Sellers face off stronger, now we'll get answer from thNZDCHF – Sellers face off stronger, now we'll get answer from them Trend: Sell/ Neutral Support/Resistance: R2: 0.63647 R1: 0.63361 S1: 0.63069 S2: 0.62908 Price action: Sellers retraced very strong this time from candle patterns. But still the market is in smaller timeframe in buyers era. Untill sellers retrased perfectly from second support, we can't say, sellers overtook the market. But still is might be very good sell based on patterns we can see. Potencial trade idea: Bulls targets: T1: 0.63647 Bears targets: T1: 0.63069 T2: 0.62908 NOTE – We are trading NZDCHF via the preferred trading setups by EliteFxAcademy
by EliteFxAcademy
AUDUSD – buyers have open positionAUDUSD – buyers have open position Trend: Strong Buy Support/Resistance: R4: 0.70222 R3: 0.69921 R2: 0.69492 R1: 0.69172 S1: 0.68977 S2: 0.68695 Price action: Buyers continued price very confident to the price level at 0.69126, where last daily candle closed. Buyers might relaxed for a while and give a chance to sellers to their first support. Overall market price is now at very good buyers position, which is more ment to buy Australian dollar then sell it. Potencial trade idea: Bulls targets: T1: 0.69492 T2: 0.69921 T3: 0.70222 Bears targets: 0.68695 NOTE – We are trading AUDUSD via the preferred trading setups by EliteFxAcademy
Education
by EliteFxAcademy
GBPJPY – Following Gbp trending is still showing performance to GBPJPY – Following Gbp trending is still showing performance to buy this pair Trend: Strong Buy Support/Resistance: R3: 145.741 R2: 143.270 R1: 140.699 S1: 137.820 Price action: Price hold above trending flow, which will first test Higher High levels and then we'll see if Yen currency will deny again. Buyers are enough confidant to continue trending flow in buy way, but still depending on sellers answer retracement. Potencial trade idea: Bulls targets: T1 = 140.699 T2 = 143.270 T3 = 145.741 NOTE – We are trading GBPJPY via the preferred trading setups by EliteFxAcademy
Education
by EliteFxAcademy
EURCHF – this pair is at risky level, where we have to wait for EURCHF – this pair is at risky level, where we have to wait for sell if we get sign Trend: Sell/neutral Support/Resistance: R1: 1.10259 S1: 1.09775 S2: 1.08999 S3: 1.08375 Price action: Buyers were keep going to break resistance level at ,but sellers showed first push few days ago very strong. If they will push again, then we know the answer, but if the buyers keep going and hold above first resistance level, then buyers will have open position. Potencial trade idea: Bears targets: T1: 1.08999 T2: 1.08375 NOTE – We are trading EURCHF via the preferred trading setups by EliteFxAcademy
Education
by EliteFxAcademy
Buy action might continue higher withouth much restTrend: Buy/ Neutral Support/Resistance: R2: 0.64883 R1: 0.64448 S1: 0.63910 S2: 0.63540 Price action: Bulls did well done job from previous days and broke sellers resistances without much resting. Because sellers didn’t show much power we might see delay or slower up move where is last higher high before bull run. Potencial trade idea: Bulls targets: T1: 0.64448 T2: 0.64883 NOTE – We are trading NZDUSD via the preferred trading setups by EliteFxAcademy
Education
by MP4
Sellers trending continuationTrend : Strong Sell Support/Resistance: R2: 1.31866 R1: 1.31332 S1: 1.30866 S2: 1.30400 S3: 1.29758 Price action: Buyers are in sellers trending zone. Few hours ago buyers showed some momentum which might scared others, but sellers quick after retraced for 100%. Sellers are enough strong to break support level at 1.30866. If we hold below, then sell position is open to us. Potencial trade idea: Bears targets: T1: 1.30400 T2: 1.29758 NOTE – We are trading USDCAD via the preferred trading setups by EliteFxAcademy
Education
by MP4
1
USDCHF still selli'm a bit late for publishing this trade set up. I was already in from last week, but anyway, this is still good entry for everyone. So price has to touch gap on first support downthere or even fulfill the gap. I'm not trading gaps likely. I rather call this gambling, because banks now people are like that. Many people are trying to catch gaps as an opportunity for making profit. But for everyone who follows me, I prefer risk management, logic, traders mind, Knowing price action and follow your knowledge. Mine is Elite strategy and I do not cheat on my best strategy. Cheers for everyone who would like to know more
Short
by MP4