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Weekly Trade Ideas & Chart Analysis by EliteFxAcademy 1th of March, 2020

By March 1, 2020 April 23rd, 2020 No Comments

By EliteFxAcademy in Forex trading articles presented as trade advice & ideas by Martin Mohar on March 1, 2020

All charts illustrated are traded on lower timeframes (W1 and D1, H4). 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.

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

 

MARKET OVERLOOK

FUNDAMENTALS

Disclamer: If we’re not save in trade yet, then it is more save to wait for a currency pair after news are reliased for this particural currency. This might be a short correction, or price will give us moving dirrection after news will be reliased.

Weekly Currencies Heat Map

 

TEHNICAL ANALYSIS:

 

BTCUSD – Sellers are extremly strong by momentum

Trend: Sell/ Neutral

Support/Resistance:

R2: 10028

R1: 9078.50

S1: 8255

S2: 7678

Price action:

BTCUSD is at current level neutral from decisional spot perspective. Overall market is still bullish, but for short term decision we are more bearish. Decision, when is the right time to sell Bitcoin or buy it, is when price will break up and down support or resistance. Once price will break one of those, then we’ll know where is our dirrection.

Potencial trade idea:

Bulls targets:

T1: 10028

Bears targets:

7678

NOTE – We are trading BTCUSD via the preferred trading setups

 

AUDUSD – Follow the right flow idea

Trend: Sell/ Neutral

Support/Resistance:

R3: 0.68246

R2: 0.66717

R1: 0.65818

S1: 0.64330

S2: 0.62864

Price action:

At current flow, market is in bearihs flow. But because buyers bounced from 0.64330 new support level very strong, then we can expect short correction for now to 0.65818 resistance level. From overall perspective, flow will continue after breaking weekly lower low at  0.64330 to 0.62864.

Potencial trade idea:

Bulls targets:

T1: 0.65818

Bears targets:

T1: 0.62864

NOTE – We are trading AUDUSD via the preferred trading setups

 

CADJPY – We can expect retracement from that bearish momentum

Trend: Sell/ Neutral

Support/Resistance:

R3: 84.332

R2: 82.244

R1: 81.480

S1: 80.251

S2: 78.879

Price action:

CADJPY currency pair closed bellow very important resistance level. If price will break that level then Sell will continue. First we can expect price to get higher to first resistance level at 81.480 then, Selllers might continue their way to Lower Low.

Potencial trade idea:

Bulls targets:

T1: 81.480

T2: 82.244

Bears targets:

T1: 78.879

NOTE – We are trading CADJPY via the preferred trading setups

 

EURUSD – How strong are buyers?

Trend: Strong Sell

Support/Resistance:

R3: 1.10364

R2: 1.10141

R1: 1.10141

S1: 1.09572

S2: 1.09269

S3: 1.07715

Price action:

EURUSD currency pair is potencial if price can hold above first resistance level. If not then it is better to wait. But overall flow from buyers perspective has to rest for a while, to continue way up. So if price can break below first support level, then we can follow bears targets.

Potencial trade idea:

Bulls targets:

T1: 1.10141

Bears targets:

T1: 1.09572

T2: 1.07715

NOTE – We are trading EURUSD via the preferred trading setups

 

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Use our free analysis where you have everything you need for potencial trade ideas and profit.

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