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Weeklysupply

Daily Pennant + Crab on HTF GBPUSD - Price is sitting on weekly supplyzone and has created EQL highs, we also have a Daily pennant forming (Trending continuation) If confirmed. (We also have a crab on the HTF with the D point landing on the target of the potential pennant) Price could go either way, I will scalp this today bullish based on the momentum, LTF PA and the liquidity trap at the highs but for any HTF swings I'd wait to see if this pennant confirms or price rejects. Let me know your thoughts!
by benalistarfx
AUD USD ShortHello traders and analysts, We have our sells activated - the reason behind this is looking on the weekly timeframe - the wicks have been removed by the recent candle closes on the daily. Trade 1 has been taken, Trade 2 - un-activated - as price may attempt to settle around 72.XX Upcoming We will share our new analysis for DAX30 soon. We cannot see a specific level holding for the future. Why are we selling? Aussie budget looked to really help alot of average Australians, but failing for Queensland to open to NSW and Tassie, WA for freedom of complete movement will be damaging as Summer season comes. Stimulus is provided but Scomo's government is worried about the deficit. USD side: Price is volatile - during the election process in the US, the worlds relationships are affected The election is coming closer <30 days. The S&P500 and NAS100 are not shown here but use reference for our previous ideas to show where price has reached our over exposed markers. The stocks have recovered well from a V - shaped recovery, too fast with big price action gaps. Dollar is strengthening. Shift in presidential change of power? Covid 19 - second wave has concerned EU governments - with further pumping of money to "control" the costs of job losses and curb closures. We have established a great supply or essentially a strongly overvalued market again in quick succession, however price will be giving some good areas to sell this aligns with Commodity currencies like the Aussie. This is a long term sell. price can and will invalidate. 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. To all our followers, we appreciate the follow and likes. Thanks, Team Lupa
Short
by LupaCapital
AUD USDDaily time frame we have a good sell off pattern as price hit our weekly supply imbalance. Price made a good manipulation move yesterday during NY hours. The technical side; Supply imbalance - weekly Daily - manipulation move in the supply zone Watch out for on the way down for false dips, but the confluence of the trade will take us down to a level of 66 before hitting a strong zone with a trend breather and consolidation build up below this level. If you like our work, please leave a comment and like. Thanks Team Lupa.
Short
by LupaCapital
1
AUD JPY - waiting game for sellWe have seen a great impulse, correction and awaiting the next impulse to the downside We have our alerts set. Need to wait for the next retest of the supply and then await the downward move. The trade is between 0.618 and 0.705 level. monitoring closely. Aud is strong but JPY is a strong safe haven, where institutions look to be moving towards. Now we wait for the entry as the market turns towards the bears. COT Report: shows 65% Bullish Yen 35, 65% AUD note . Thanks, Lupa
Short
by LupaCapital
1
EURCAD SELL Swing Trade Idea (LIMIT)EURCAD - SELL Swing -------------------------------------------------------------------------------------------------------------- Price has been in a downtrend for a quite some time. Last week, price has rallied earlier on just to decline heavily. This was because of receiving new sell orders at heavy supply zone above. Price will now return to that zone because not all the orders were filled when price went to that zone. Now it will have its first touch of that zone and we usually say first touch to any zone is the highest profitability trade one can ever have. Hence why trade idea, we now have. Sell Limit @ 1.50059 SL: 50 pips TP: 1.45786 R:R Ratio of 1:8 That's all for now Take care until now beloved! --------------------------------------------------------------------------------------------------------------
Short
by ricky1270
2