EURNZD– Sellers are working on potencial sell because...

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EURNZD– Sellers are working on potencial sell because...

Trend: Strong Sell

Support/Resistance

R3: 1.73495
R2: 1.72749
R1: 1.72124
S1: 1.71437
S2: 1.70602
S3: 1.69815
S4: 1.68599

Price action

Sellers are working on potencial sell because of weak eur currency on the other side. Sellers has to break S1 and then will be even more stronger then, they are now. Nzd currency is same showing good power from overall perspective, which made this currency pair more attractive to trade.

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 EURNZD 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.
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FIRST TARGET REACHED
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ALL TARGETS WERE REACHED
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