NZDUSD – Buyers and sellers in territory of decision

NZDUSD – Buyers and sellers in territory of decision

Trend: Buy/ Neutral

Support/Resistance:

R3: 0.65449

R2: 0.64902

R1: 0.64365

S1: 0.64165

S2: 0.63838

S3: 0.63360

Price action:

Overall market is showing neutral posibilities for buyers and sellers. We can’t know which side to go with, till we can see some movement in one of dirrection. We have to see following dirrection. If sellers can lead price below S1 then market can easily achive S2. If buyers can show momentum then hold above R1, we can see potencial R2. Be carefull with this trade because overall territory is still sellers. We mean that this is good example for education terms because it is a tricky trade and understanding psychology here is very important to follow correct steps.

Potencial trade idea:

Bulls targets:

T1: 0.64902

T2: 0.65449

Bears targets:

T1: 0.63838

T2: 0.63360

NOTE – We are trading NZDUSD via the preferred trading setups

ELITEFXACADEMY

Take a look for Market overview + Potencial trade advice & trade ideas here: https://elitefxacademy.com/category/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