AUDUSD – Moving price action will go buyers way from now even hi

AUDUSD – Moving price action will go buyers way from now even higher

Trend: Buy/ Neutral

Support/Resistance:

R2: 0.90968

R1: 0.90733

S1: 0.89759

S2: 0.89256

S3: 0.88320

S4: 0.86780

Price action:

Buyers alredy prove strong break from previous daily high. This is giving buyers power and confidance on this trades. This trade is caught between buyers changing flow and overall sellers flow, which might be confusion to other traders. This is why closing Stop Loss position is important in trading. This trades might not hit all mentioned targets, because we can see on the other side stronger sellers. To sum up, following entry point and targets are potencial if you follow instructions from course.

Potencial trade idea:

Bulls targets:

T1: 0.90733

T2: 0.90968

Bears targets:

T1: 0.86780

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

Good trading!

Elitefxacademy