NZDJPY – Buyers start getting confident after sellers failure

NZDJPY – Buyers start getting confident after sellers failure.

Trend: Strong Buy

Support/Resistance:
R3: 71.528
R2: 70.811
R1: 69.920
S1: 69.520
S2: 68.966

Price action:
Buyers start getting confident after sellers were keep buncing from buyers smaller supports. Power from buyers start getting bigger overtime. For potencial trade, buyers have to hold above R1 to prove their Buy to higher levels and trending.

Potencial trade idea:
Bulls targets:
T1: 1.72749
T2: 1.73495
Bears targets:
T1: 1.70602
T2: 1.69815
T3: 1.68599

NOTE – We are trading NZDJPY via the preferred trading setups

ELITEFXACADEMY

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.