Aussiedollar
AUDCAD - Simple range shortH4 analysis on AUDCAD shows price ranging between the 0.94000 - 0.93000 psychological levels since the beginning of the month.
Price action at the resistance area (long wicks, spinning tops/dojis) indicates price is struggling to break higher.
100+ pip drop potential, targeting the bottom of the range, in line with the 100 EMA where price may reject.
GBPAUD keep shortingHi everyone!
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AUDUSD DOUBLE STRUCTURE BREAKOUT|SHORT BREAKDOWN
Both the horizontal and diagonal support structures were violated.
Wait for the 4H candle to close below BOTH levels for confirmation of the breakout>>then short.
The final target is the strong daily level. Start closing positions slightly above it.
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AUD/USD 06/08/20 POSSIBLE TRADE IDEAPrice had broken upside out of the range that I have my zones in. Price is heading back down so if price breaks down I will be looking for a sell below the range. Currently have a sell stop at 0.69557 which is riskier. A safer trade would be to wait till price breaks and wait for a retest well if end up heading down.
EUR AUD longSo what do we see?
Fresh touch on a demand zone - no entries until price action has taken place.
Be aware the aussie is very strong and very bullish daily candles.
From a Supply point we have a great sell off from this point 1.66XX
Being a fresh demand zone, we have an opportunity to go long.
Looking at the 4 hour, we have a nice area around 1.61 we will wait for to enter.
We can see potential 1,000pip trade and will hold two positions.
If you enjoy our work, please leave a comment or like.
Thanks,
Lupa
AUDUSD, probable correction ahead, before trend to new highsThe Aussie dollar is at the final stages of minor wave 1. It should probably arrive closer to the upper channel line in wave (v) before entering into a correction. If price crosses down the middle line of the channel it is a sign that the correction has started. The most probable target for the correction is the range 0.64 - 0.624 FOLLOW SKYLINEPRO TO GET UPDATES.
GBP AUD - long term buysprice hit our demand area between 1.82 - 1.80 - we did not catch the initial rejection due to sleeping.. however caught the nice order block
We will be looking to buy multiple times here - there could be a possibility of a double bottom.
this can also be a correction move to start.
so anticipate sells and lock in buys risk free
Looking to add up positions here for long term swings.
technicals
fresh touch of the demand after a long rally down drop base drop scenario
on previous touch - strong engulfing candles to the upside, similar pattern here
bearish technical - was oversized head and shoulders.
Good luck and enjoy the trade.
If you like our swing trade work, please leave a like and or comment.
Thanks,
Lupa
GBP AUD Selling in playWe have our sell from Friday - it is important to note the supply is in the purple box showing where the supply block and wicks are located.
1.865 showed us the real volume wicks where the orders were hiding.
We sold due to price kissing the true zone of orders and a great indecision candle
Lower zone had a great doji which is what we needed to draw the zone.
We are risk free and will look for a sell again next week.
If you like our work, leave a comment or like.
Thanks,
Lupa.
Is the $AUDUSD running out of steam? For 9 straight years the Aussie Dollar has been in a horrific bear market. And at this point I don't see any reason to bet against the re-emergence of this bear trend.
Picking bottoms is notoriously hard (something I actively avoid). So thankfully with this setup I see a great risk reward opportunity on the short side.
AUD USDThe aussie is having a good run while the dollar is showing signs of weakness.
However the levels are lining up to the weekly supply zone - we will see if the aussie fakes out the buyers at the 0.672, however we have a minor zone which will need testing for another possible short.
The long term effect of weekly swing S&D is our aim here.
If you like our setup and work, please leave a comment, like.
Please not these are only setup zones to look for sells - price can move and you have to act reactively in the market*
Thanks,
Lupa