GBPAUD– Sellers hit very strong and are following next…

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GBPAUD– Sellers hit very strong and are following next…

Trend: Strong Sell

Support/Resistance:

R4: 1.91053

R3: 1.90330

R2: 1.89480

R1: 1.88973

S1: 1.88070

S2: 1.87130

S3: 1.85972

Price action:

Sellers hit very strong downside and are following next targets. The retracement perioud could still be affective from news statement or not. Overall trade idea is continuation to sell side. If buyers will hit back, then we have to be focused on daily closing below R2 and momentum, which will help you following methods from Elite strategy and Elite momentum.

Potencial trade idea:

Bulls targets:

T1: 1.90330

Bears targets:

(T1: 1.89480)

T2: 1.88070

T3: 1.87130

T4: 1.85972

NOTE – We are trading GBPAUD 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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