NZDUSD– Buyers are following Nzd momentum

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NZDUSD– Buyers are following Nzd momentum

Trend: Strong Buy

Support/Resistance:

R3: 0.67125

R2: 0.66763

R1: 0.66358

S1: 0.65910

S2: 0.65449

S3: 0.64902

Price action:

Buyers did a great job by breaking important level at 0.65910. As soon they will retrace or continue to first target, this means buyers are enough powerful and might continue even higher after reaching new breaks. On the other side, Sellers had a chance to try lower supports but without any confidant breakout, because buyers are still very strong and positive.

Potencial trade idea:

Bulls targets:

T1: 0.66358

T2: 0.66763

T3: 0.67125

NOTE – We are trading NZDUSD 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, Advanced strategies, Trading Education

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