GBPNZD – Buyers might go further

2019-12-16 18:45:38

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GBPNZD – Buyers might go further

Trend: Strong Buy

Support/Resistance:
R4: 2.11001
R3: 2.08099
R2: 2.05609
R1: 2.03501
S1: 2.01810
S2: 2.00094
S3: 1.97837

Price action:
Buyers showing strong momentum till election. Weekly close was strong and daily buyers might keep moving forward to R2 and then depends how daily analysis will tell us what we should do next.

Potencial trade idea:
Bulls targets:
T1: 2.05609
T2: 2.08099
T2: 2.11001

Bears targets:
T1: 2.00094

NOTE – We are trading GBPNZD 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

Good trading!

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