AUDCAD – Sellers might change the market side, but…

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AUDCAD – Sellers might change the market side, but…

Trend: Sell/ Neutral

Support/Resistance:

R2: 0.90968

R1: 0.90733

S1: 0.89759

S2: 0.89256

S3: 0.88320

S4: 0.86780

Price action:

Sellers might change the market side, but overall market is not proved yet because the right side is still buyers. This is why we can said buyers and sellers are at very netral spot. Till the price break S1 level we cannot make any decision for sellers. If buyers will tell us different momentum, then we have to be focused on future candles, that will tell us more about this currency pair and following targets.

Potencial trade idea:

Bulls targets:

T1: 1.32532

Bears targets:

T1: 0.89256

T2: 0.88320

T3: 0.86780

NOTE – We are trading AUDCAD 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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