NZDJPY – Buyers closed at very important level

NZDJPY – Buyers closed at very important level

Trend: Buy/ Neutral

Support/Resistance:

R2: 71.545

R1: 70.852

S1: 70.274

S2: 69.983

S3: 69.455

S4: 68.971

S5: 68.243

Price action:

Overall market is showing buyers trending, but the problem might be patience. This is because of slow moving market, and buyers are same waiting for sellers reaction. Last second candles were good bouce from support, but without any buyers move, we rather wait or at least follow trade and be aware of good risk management.

At the moment we’re in buyers changing territory, but be aware of sellers behaviour.

Potencial trade idea:

Bulls targets:

T1: 70.274

T2: 70.852

T3: 71.545

Bears targets:

T1: 68.971

T2: 68.243

NOTE – We are trading NZDJPY via the preferred trading setups

ELITEFXACADEMY

Take a look for Market overview + Potencial trade advice & trade ideas here:
https://elitefxacademy.com/2019/11/30/weekly-trade-ideas-chart-analysis-by-elitefxacademy-december-1st-to-5th-2019/

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