AUDJPY – Buyers are building momentum with slow moving period

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AUDJPY – Buyers are building momentum with slow moving period

Trend: Buy/ Neutral

Support/Resistance:

R3: 75.702

R2: 75.282

R1: 74.724

S1: 74.183

S2: 73.945

S3: 73.346

Price action:
Buyers are building price higher with slow moving period. The only problem are sellers from last bounce on 4h timeframe. If price can break sellers and hold above, this might be strong move up. If the price is led buy sell side, then price has to maintain below support levels, which is less chance to do this from overall market movement. If this happen, then we’ll have another information about sellers, because to do this, they have to have strong momentum.

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Potencial trade idea:

Bulls targets:

T1: 75.282

T2: 75.702

Bears targets:

T1: 73.945

T2: 73.346

NOTE – We are trading AUDJPY via the preferred trading setups

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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

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