GBPAUD – Buyers on winning steak

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GBPAUD – Buyers on winning steak

Trend: Buy/ Neutral

Support/Resistance:
R1: 1.93938
S1: 1.90920
S2: 1.89110
S3: 1.86518

Price action:
Market is showing some bullish momentum on GBPAUD currency pair which can follow potencial trade idea if retracement on first support will be clear to entering position. Overall trade idea is bullish but particular this currency pair is in overall neutral zone even if target will be reached. Dominant buyers will be in case if price will break 1.93938 resistance level for proving trending idea. On the other side, if bears are able to broke 1.89110 support level then we can follow potencial bears trade idea to 1.86518 third support level.

Potencial trade idea:
Bulls targets:
T1: 1.93938
Bears targets:
T1: 1.86518

NOTE – We are trading GBPAUD via the preferred trading setups


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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