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Australian

GBP AUD - inefficiencies 1,2The Aussie is gaining further traction - GBP has further downside positional power looking down to the below zones; 1. Zone 1: - we will be looking at a test of the order block, movement away to keep shorts flowing to keep the imbalance moving towards the zone of a 1.72 redistribution, liquidity to show bears further short options before the lows. From here we will expect a spring and a test of said springs. A rejection will occur and then see accumulation phase of price hitting the target on the AUD USD with bullish Aussie. 2. Exactly the same but making further gains moving down to 1.67-1.60 which will be the development. We volume will be a key indicator here to see the set up of the buy/sell swaps. A large break of structure will occur - taking out the equal highs. These are our Points of interests. Now the trend is moving, looking to see a weak dollar maintained in 2021 so this will be great for the Aussie, affecting the GBP also which has also been seeing a volatile state - however Growing against JPY, USD, but against the CAD, AUD, NZD is now seeing large flows creating ranges to accumulate account growth depending on signs of movement. 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 through 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. If you feel our work is exceptional and would like to donate coins, this is highly appreciated. Regardless we will continue producing analysis. Thanks, Team Lupa
Long
by LupaCapital
Candle and wedge pattern - Starring The Aussies! This is an interesting position. Anything is possible. No advice is given. New traders may need to study these patterns and practice on paper trading accounts. Disclaimers : This is not advice or encouragement to trade securities. Chart positions shown are not suggestions. No predictions and no guarantees supplied or implied. Heavy losses can be expected. Any previous advantageous performance shown in other scenarios, is not indicative of future performance. If you make decisions based on opinion expressed here or on my profile and you lose your money, kindly sue yourself.
FX:AUS200
by Captain_Walker
Trend change is coming. Entry technicsThe Australian dollar rallied above 0.72 and was immediately rejected. But it still holds the above the daily trendline. Potentially this rally can be extended to 0.73. Buyers have to protect their positions with tight stops. Commercials (based on COT) keep adding to their short positions, the cycle is turning to the downside. That makes me believe a selloff is coming. Failure to make a new high or breakdown below the daily trendline is a sign of trend change.
Short
by UnknownUnicorn1156963
FGR - POSITIVE NEWS INBOUND?First Graphene Limited - Currently in a trading halt, and coming into the new week with positive news could see them break this descending triangle and break the 12 month downtrend. 1. More positive news out of the trading halt will see buyer momentum and volume return to the market. -Increased Volume & Momentum -Double Bottom off .382 Fibs (Strong reversal) -Break Descending Triangle & Test Descending Broadening Wedge -MACD close to a Golden Cross -Potential 20% push pending break Broadening Wedge 2. News isn't enough. Sellers continue the squeeze into the corner and push price below strong support a 0.12 -Descending Triangle completed -MACD spreads without cross -Continuation of Broadening Wedge confirms -RSI will return to OverSold region -Fall would see a reduction of 30% before Support found With a mission to be the No.1 High Performance Graphene Provider in the World. FGR is on there way with many alliances in many sectors. Graphene is the thinnest material ever isolated, 200x stronger than steel, 20% flexible and 1 million times more conductive than Copper. EYES ON These Ideas are NOT 'Financial Advice'!. Scenarios are based off a mixture of TA and Fundamentals current at the time. All IMO GLTAH. Happy Hunting!!!
ASX:FGR
by Trader_Johnni
GXY - 29 MONTH DOWNTREND BROKEN!!!GALAXY RESOURCES (ASX:GXY) Has been locked in a fierce downtrend since Dec 2017 but has just broken out!! Targets As Below. 1. Break of long term downtrend and Volume returning to the market will see GXY build new Market Structure and Create Uptrend Potential. -Break 29 month Downtrend -Buying volume returning to the market -MACD spreading on Weekly and holding on Daily -RSI Trending up through Neutral Territory -EMA 20/50 are about to cross signaling trend reversal -Broken .236 Fib Retracement -Double Bottom at $0.705 -Targets .5, .618, .786 Fib Retracement (Also Equilibrium Levels) 2. Bull Trap Fakeout completes and prices squeezes into downward triangle corner, breaking 0.705 Support and sinking to 2015 NOV price. -Bulltrap -Double top off Equilibrium at 0.845 -MACD Cross and Spread -Crack 0.705 Support -Nothing to hold it until 0.465 -EMA's bounce and do not cross GXY and the Lithium Sector has been plagued by downward price action since false news of Global Over Supply was promoted in DEC 2017. Is the Sector finally about to turn the corner?? These Ideas are NOT 'Financial Advice'!. Scenarios are based off a mixture of TA and Fundamentals current at the time. All IMO GLTAH. Happy Hunting!!!
GLong
by Trader_Johnni
1
BTC - $6000 INBOUNDBitcoin - After 72 days in an Uptrend and crushing 180% is this time for a Major reversal? - 180% Rise with no Major Retrace - Daily Uptrend Broken - Failed to Break Major EQ at 9250-9300 - Failed to break Center BB - MACD continuing to spread - Selling Volume returning to the market - RSI Neutral and has room to move - Short entered with stop loss above previous structure. - Targets set at Fib Levels which also correspond with EQ's. - This will now see us re enter the Descending Broadening Wedge which started in JULY 2019 These Ideas are NOT 'Financial Advice'!. Scenarios are based off a mixture of TA and Fundamentals current at the time. All IMO GLTAH. Happy Hunting!!!
BITMEX:BTCUSD.P
by Trader_Johnni
ASX200 daily- Rising Wedge+failed to break 38.2% Fib retracemASX200 daily- Rising Wedge + Failed to break 38.2% Fib retracement. According to Thomas Bulkowski "Rising Wedges, especially for downward breakouts, are some of the worst performing chart patterns. Downward breakouts have an unacceptably high failure rate and small post breakout declines. Also, throwbacks and pullbacks occur 72% of the time." Breakout for Rising Wedges: Can be in either direction, 60% of the time downwards.
ASX:XJOShort
by platinum_growth
AUD/USD LONG TRADEHI NEWS: -AUD/USD appears to be stuck in narrow range following the Reserve Bank of Australia (RBA) Minutes, but the exchange rate may exhibit a more bearish behavior over the coming days as the Relative Strength Index (RSI) snaps the upward trend carried over from the previous month personal opinion: -Depending on the demand, we expect another rise in the short term. However, if the rise can continue if the oil is accompanied by a decline, please deal with the stop loss and be careful. Please follow my support and like my posts. see you later GOOD LUCK
Long
by mr_0_nobody
AUD/USD TRADE HI -The Australian Dollar turned lower after testing trend resistance guiding the currency downward against its US counterpart since the start of the year, as expected. Prices have now broken rising counter-trend support set from the March swing low. That suggests that the dominant bearish bias is set to be reasserted after a corrective recovery has run its course. -Trader sentiment studies warning sellers to proceed with caution -Price targets are specified in the chart Follow me for support and like the posts. see you later GOOD LUCKY
by mr_0_nobody
1
Dark Times For The AUDLooking at my chart, it's clear that since the beginning of the chart to Dec '13 has been in an overall ascending wedge with two notable deviations. One deviation in 2000 where a short sharp descending wedge took the AUD to the lowest point in 2001 before finally getting back to the ascending wedge by October 2003. In 2008 it again briefly dropped during the GFC and quickly by 2009 returned to the ascending wedge pattern. By 2013 the AUD begin descending and attempting to retest what was the support line of the ascending pattern. From 2014-Now it's clear that the AUD is in a descending pattern and has broken through the support line on the Monthly candle. Where it all goes from here depends on what the Australia Federal government can do, but with the fundamentals of Australia questionable I don't have high hopes. What do I mean ? simply Australia is a wealthy country on paper, but the bulk of most peoples wealth is tied up in the value of their real estate, which has been inflated to insane levels due to access to cheap credit and very generous capital gains tax laws. Most Australians are heavily reliant on overdrafts, credit cards, store cars, finance that most simply don't hoard that much cash. Many people have gone and borrowed 100%+ the value of their properties, (I can assure you that bank valuers for real estate transactions are a fraud and they NEVER under value a property, it's an everyone wins game much like getting the real estate agent to recommend you a building inspector.) Thing is that Australia outside of exporting it's mining resources, agriculture, tourism and education doesn't actually produce or make much anymore, much of the economy revolves arounds services. Given current events with the Coronavirus epidemic and global shut down, this is going to paralyze the Australian economy if it continues for long. Back in 2008 Australia was fortunate to have a cash reserve to weather the storm, this time around they are far more vulnerable with the national wealth build on a house of cards.
Short
by th3gr3k0sLaV
7