AUDUSD – Buyers in positive look

AUDUSD – Buyers in positive look

Trend: Buy/ Neutral

Support/Resistance:
R3: 0.68826
R2: 0.68478
R1: 0.68270
S1: 0.68159
S2: 0.67960

Price action:
Buyers are showing very strong power from previous daily high, but be aware from the news. Smarti to trade is if you're in profit and set your stop loss on break even, or you can easily wait for news statement at 4:30. From tehnical view overall trade is not proved perfectly yet, but still is a very good trade for educational terms, which will lead to profit after we get answer from sellers.

Potencial trade idea:

Bulls targets:
T1: 0.68478
T2: 0.68826

Bears targets:
T1: 0.67960

NOTE – We are trading AUDUSD 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