GBPAUD – Sellers might try lower points to test buyers..

29 дек. 2019 г.

GBPAUD – Sellers might try lower points to test buyers..

Trend: Strong Sell

Support/Resistance:

R3: 1.90356

R2: 1.89011

R1: 1.88161

S1: 1.86490

S2: 1.85757

S3: 1.84321

S4: 1.83031

Price action:

Buyers and Sellers might be at decisional spot. If we compare both sides, we a clear that buyers didn’t show any power. Do you think they are still waiting or they fade for some time?

Sellers at the moment are still testing buyers side, but we’ll know if sellers are strong enough to continue after breaking S1 and hold below. This will be tricky trade to all new traders, but for us, this is a good example to practice and get better lesson.

Potencial trade idea:

Bulls targets:

T1: 1.90356

Bears targets:

T1: 1.85757

T2: 1.84321

T3: 1.83031

NOTE – We are trading GBPAUD via the preferred trading setups by ELITEFXACADEMY

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

Good trading!

Elitefxacademy