AUDUSD – Sellers came in the game.
Trend: Sell/ Neutral
Support/Resistance:
R2: 0.68826
R1: 0.68582
S1: 0.68362
S2: 0.68089
Price action:
In this case you can see up trend. The problem is because of last daily sell, which was psychologically too hard for buyers. We'll see in common days if buyers are enough good to push the price higher. If not then we can sell position, but very carefully.
Potencial trade idea:
Bulls targets:
T1: 0.68826
Bears targets:
T1: 0.68362
T2: 0.68089
NOTE – We are trading AUDUSD via the preferred trading setups
Disclamer1: We have to wait for a currency pair to trade after news are reliased. This might be a short correction, or price will give us moving dirrection after news are reliased.
Disclaimer2: 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.
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