Aussiedollar
GBP AUD rangeWe have an update to our trade - we took sells at the rejection and are stuck in a nice 250 odd pip trading range. Neutral range - but we anticipate long term buys.
We are waiting for the break of our trend line - as the USD is gaining strength and the GBP has got alot of short orders against the Dollar.
However the Aussie has had orders shorted for the past 13weeks.
GBP with 54% short - 42,071
AUD with 69% short - AVG (13) - is 61,487
What can we see technically?
- Daily bearish but breaking momentum short in the channel.
- weekly bearish zone touched
- bounce from the demand zone zone.
- we can see the trend beginning to add long positions to correct.
- we have made lower lows and lower highs- showing the correction
- now in a consolidation zone with some great wicks formed and a reversal to the upside.
Where to enter?
Follow your plan
we entered at 1.793 and 1.794 as we could see these zones lining up with our analysis
we have further buy limits at 1.78 if price reaches the lower weekly deep retest.
we also entered sells at 1.8115 & 1.8070 respectively.
All trades risk free
Note: Trading is about timing. so even if our stop loss gets hit on the chart. We may not have entered all together and orders can be adjusted.
Trade what you see, this is purely our Bias.
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 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.
Thanks,
Team Lupa.
AUD/USD POSSIBLE SELL 06/18/20 I am looking for it break the LOWS where I have my arrows. I am expecting a break and retest of this area. Personally I have a SELL STOP in place which is riskier. It would be safer if you wait for the break and the retest. SELL STOP AT 0.68131 12.5 PIP STOPLOSS 25 PIP TAKE PROFIT. 1:2 RISK TO REWARD. Feedback would be appreciated. Check out my YouTube PAPICHULONOE.
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!
Have a look at the chart, everything is explained there.
If you have any questions please leave them in comments.
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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.
Thank you for your likes, comments and subscriptions, beforehand. You really help me!
Wish you all the best, friends!
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.