AUDNZD – Good looking buy

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AUDNZD – Good looking buy

Trend: Strong Buy

Support/Resistance:
R3: 1.06508
R2: 1.06199
R1: 1.05512
S1: 1.04614
S2: 1.04132

Price action:
In this case AUDNZD currency pair is headed to new highs as following trending idea. From the flow, price have already broken very important level at 1.04614 which gave us dirrection and one more fact to set up long position for this currency pair. We are highly bullish for this pair on long term perioud, but first we need few more facts and one of them is retracement from the same broken level, which will then be new support level.
On the other side, if sellers will play out this game as a fake bull, which is hard to believe, then sellers might retrace to lower support levels.

Potencial trade idea:

Bears targets:
T1: 1.05512
T2: 1.06199
T3: 1.06508

NOTE – We are trading AUDNZD 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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