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Aussiedollar

GBP AUD - Break or rejection 61.8%?GBP AUD - 4hour chart Be ready for either direction on the lower timeframe. Technicals to assess. We have a bearish hammer forming on the 4 hour chart. The Fibonacci down trend is in play, however the 61.8% has not been attacked yet with no signal of a lower high formed. With GBP AUD - price moves quick with a strong engulfing once the orders are ready and filled to either the downside or upside. If the trend line is intact, then the lower high rejection wicks are in play. A break will see downsides to look for positional holds to 1.74 with the weekly imbalance looking likely again. This can be a good hedge trade to longs. However, buys can be engineered by a perceived short position in which we will look long again with 1.767XX to remained untested. See the main idea here for longs, shorts. Why follow us? Updates on our pairs as and when we can. Swing trade out looks 10 years combined experience in capital markets simple breakdowns for beginners through to advanced . KISS - keep it simple stupid. we trade purely from naked charts, less indicators - remove the noise. If you like our work, please leave a like or comment. To all our followers, we appreciate the follow and likes. Regardless we will continue producing analysis. Thanks, Team Lupa
by LupaCapital
1
AUDUSD - Bigger correction coming before continuing the trendWe are waiting for a break of the channel from AUDUSD and a bigger correction that will last a long time before resuming the uptrend started in March 2020. If it breaks the channel we are looking for sell setups. Trade with care. Disclaimer: The analysis provided is purely informative and it should not be used as financial advice. We do not recommend making hurried trading decisions. You should always understand the risk that trading implies and that PAST PERFORMANCE IS NOT NECESSARILY INDICATIVE OF FUTURE RESULTS.
Short
by FractalTrading
2
GBP AUD - brexit boost or slump?Hello traders and analysts, Here is our Daily timeframe scenario - With the strong Aussie position against the USD - we can see into 2021 - the aussie maintaining the strength. However - the fundamentals can show a good brexit outcome will advance the GBP back to 1.84 zone In the meantime the monthly shows the monthly zone between 1.67 - 1.62 for the GBP AUD so keep in mind this can be a long term point of overall bearish bias. But if price shows us on the weekly within the green zone - break or bounce (so far bonce) - await the weekly close to determine an entry point on the higher time fame. all the best, Team Lupa.
by LupaCapital