EURAUD – Sellers keep moving forward

2019年12月29日

EURAUD – Sellers keep moving forward

Trend: Sell Neutral

Support/Resistance:

R3: 1.61807

R2: 1.60908

R1: 1.60468

S1: 1.59558

S2: 1.58804

S3: 1.57752

Price action:

This trade is very good to understand reversals. In this case you can see overall buyers zone, but if we compare both sides momentum flow, then we can understand that Aud currency is playing strong role in every case for this week. The point to follow true breaking method is that price has to come below S1 for final decision.

Potencial trade idea:

Bulls targets:

T1: 1.61807

Bears targets:

T1: 1.58804

T2: 1.57752

NOTE – We are trading EURAUD 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