NZDJPY – Buyers enough confident

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NZDJPY – Buyers enough confident

Trend: Strong Buy

Support/Resistance:

R4: 74.668

R3: 74.094

R2: 72.945

R1: 72.222

S1: 71.499

S2: 70.861

Price action:

As we compare buy and Sell side, we should follow buyers flow position, but following Breaking Method will tell us if Buyers are ready for another Buy. Buyers have to maintain under R1 first before any decision. Untill them, Sellers can still continue price lower following Price Action.

Potencial trade idea:

Bulls targets:

T1: 72.945

T2: 74.094

T3: 74.668

Bears targets:

T1: 70.861

NOTE – We are trading NZDJPY via the preferred trading setups

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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, Advance strategies, Trading Education

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