All charts illustrated are traded on lower timeframes (D1 and H4, H1). Bigger picture is related on higher timeframe, and lower timeframe is ment for making decisions. When is the right timing to use the right skills and strategy will tell you Elite strategy. Furthermore, this market analysis is continuation trade from daily analysis. This analysis is in use for November 8th.
Keywords: Elite strategy, Custom Indicator, Fundamental Analysis, Tehnical analysis, Price action, Advanced strategies, Trading Education
Daily Currencies Heat Map
AUDCAD – Buyers trending caught between daily channel
Trend: Strong Buy
Buyers are showing strong performance. From previous day price touched high level and rebounded from overall daily channel. Price did a faker but still might go long position, because daily candle was closed above 1.08206 level.
Potencial trade idea:
NOTE – We are trading AUDNZD via the preferred trading setups
XAUUSD – Gold started showing sellers results stronger
Trend: Sell/ neutral
Gold started showing sellers results stronger. Buyers didn’t rebounce much, which means that sellers have advantage from previous daily close. If the price maintain below 1464.71 level, then sell will continue. But because it is friday, it is unneccessary that the price will move much.
Potencial trade idea:
NOTE – We are trading XAUUSD via the preferred trading setups
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.