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Aussiedollar

GBP AUD - 300 pip rangeOverall the monthly we can see a buy, which we are currently in. On the daily - we have our blue supply zone and our purple zone is our fresh support. The price is currently in a buy - despite a sell off this morning. We have an opportunity to continue longs here. Just be patient as price is forming a zone at 1.1812 which is 0.382% - again confirmation of rejection is needed. GBP AUD has a strong tendency to retrace to the desired zone to wick orders. Many thanks, Team Lupa. If you enjoy our content please leave a like and comment.
by LupaCapital
GBP AUD - rangingHello traders and analysts, Here is our quick take for GBP AUD - we have had some very good moves on this pair as of late with great opportunities to buy and sell in the same day. or following day. Overall - we are in a huge range. We will look for buys at the bottom zone and continue to scalp sells on the 4 hourly. as far as our bearish models looked to cover the longs - we lost out, but secretly we want this. The world needs to recover so happy to see bearish scenarios turn positive. You can't win them all in trading but we are happy to see scenarios partially played out and covered risk minimalization. This is the main part of our trading experience.
by LupaCapital
AUDUSD — Range-bound with potential upsideAUDUSD is currently trading sideways in a range. A break to the upside, after clearing immediate resistance levels above, could offer a fine long position. Invalidation of this trade idea would be a breakdown below 0.7000. A support level has formed at the 0.7000 level. This level held on three re-tests throughout September-November, after previously acting as resistance in June and July. The equilibrium of the range area is supported by the high volume node in the volume profile. Pure price action also shows that this area is a prominent level, as it has shifted between being support/resistance. The level furthermore coincides with a 38.2% Fibonacci Retracement level, measured on the latest move up, as well as S/R signals on the RSI indicator. Price is presently trading at the higher end of the range. Seemingly, it continues to face resistence at 0.7350, marked with red arrows in the chart. A break above this area would signify strength, and a further break of 0.7415 would likely mean continued moves upwards. DXY displays continued weakness in its price action, which if continued signals for a good long opportunity on the Aussie-Dollar. Keeping an eye on developments here. A strong(er) rejection of the current resistence level could potentially also be used as a basis for swing trading downards towards established support levels within the range.
by amg_nik