NZDUSD– Buyers are looking forward to follow its trending

NZDUSD– Buyers are looking forward to follow its trending

Trend: Strong Buy

Support/Resistance:
R2: 0.65910
R1: 0.65449
S1: 0.64902
S2: 0.64640
S3: 0.64334

Price action:
Buyers strongly lead the market after news were reliesed. They proved trending flow, but to hold this position, we need first some sellers to decide when is a good trade to entry. To give a good advice is better to see where the price will maintain before we'll do any decision. For those who are already in profit, then it is better to play safety net position with your risk management and hold position.

Potencial trade idea:

Bulls targets:
T1: 0.65449
T2: 0.65910

Bears targets:
T1: 0.64334

NOTE – We are trading NZDUSD via the preferred trading setups

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