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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
Long
by LupaCapital
GA Short [one last time]GBP AUD has a clear downtrend but as we come ever closer to the weekly and monthly level - we need to be careful. Note our trade is risk free: - we are just awaiting the market open - ofcourse if there is a gap down - expect a possible attempt to fill the gap. We have a strong supply at 0.236 on the four hour. Not the Stop loss is the number of pips we wish to enter. price will change, this is just to show our range of where to enter. There will be a retracement, however with fundamentals in play this can be ignored. Always have two scenarios in mind. COT report; GBP shorts added on the COT report against the USD, the final push down the demand zone will occur. just await price action. Happy Trading this week ahead. We will update accordingly. Lupa.
Short
by LupaCapital
Us30 - from FridayPrivate trade we took Cannot upload everything we analyse - but this one was necessary as the target is was left to its own device here. We only used a 0.5 contract to run to the target and closed the other 1.00 before at target I. The reason for the trade? W bottom formation - included a double bottom on the 15min pattern. We entered early and then as the rejection of the double bottom. again. With indices you have to use a larger stop but with correct entry points it is possible to have smaller ones. The base consolidated in the box and had some rejection wicks. we waited for the zone to re-enter to signify a fakeout.
UEducation
by LupaCapital