LupaCapital

AUD USD short 1 hour intraday trade

Short
FX:AUDUSD   Australian Dollar / U.S. Dollar
Swings
The technical side;
Supply imbalance - weekly
Daily - manipulation move in the supply zone
1 hour chart shows a wedge pattern which allowed the bullish momentum to correct and look for upside potential, however this failed and we caught the trade during the London open.

If you did not catch this move, this is no problem. Look for a pullback and re-enter when price has shown good wicks to reject upside moves.
or Fibonacci 1 hour levels for intra-day trades.

Watch out for on the way down for false dips, but the confluence of the trade will take us down to a level of 67.5 before hitting a strong zone with a trend breather, we will look to close 80% of the trade around 67.5 level from here we can expect consolidation build up below this level as the busy days of the week are Wednesday and Thursday.

COT:
Long Short Total %Long %Short
Avg_13 26,250 58,009 84,259 31% 69%
USD is showing it's strength now as a time of uncertainty.

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.
Many thanks for your support to our existing and new followers. Take care out there.

Thanks,
Team Lupa.
Trade closed manually

Comments

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