GBP/AUD Analysis for next movePrice can go either way, place a trade when it breaks the symmetrical triangle.
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Gbp-aud
GBPAUD Possible ShortPrice broke our ascending trendline, showing some strenght on bears side, bearish engulfing on 4h confirming our sell.
Dip buying on GBPAUD ahead of the RBA rate decisionGBPAUD - Intraday - We look to Buy at 1.7580 (stop at 1.7512)
Previous resistance at 1.7570 now becomes support. Support could prove difficult to breakdown. We expect a reversal in this move. Dip buying offers good risk/reward.
Our profit targets will be 1.7780 and 1.7800
Resistance: 1.7750 / 1.8120 / 1.9100
Support: 1.7570 / 1.7200 / 1.6200
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RBA Coming event and potential GBPAUD downsidesHey traders, in today's trading session we are monitoring GBPAUD for a selling opportunity around 1.768 zone, once we will receive any bearish confirmation the trade will be executed.
Trade safe, Joe.
GBP/AUD - 15m/30m - Short !FX:GBPAUD
Dont Forget Money Management !
Dont Forget Risk Free !
This is swing Position .
GBPAUD Trading according to planThere isn't much to update on the GBPAUD pair, as since our last analysis on April 21, the price has been following our plan in a very precise way:
As you see, the similarities with the July - October 2020 sequence have paid off and the price action continues to follow that pattern. We are now at the point where the pair is consolidating around the 1D MA50 (blue trend-line), which is used as the pivot point. The Diverging Lower Lows trend-line should provide the necessary Support to sustain this consolidation until the 1D Golden Cross is formed that will start the new rally towards the top of the long-term Channel Down. The ideal buy can be timed when the 1W MACD makes a Bullish Cross.
On the other hand, if the Diverging Lower Lows trend-line breaks, be ready to sell towards the bottom of the Channel Down and the -0.5 Fibonacci extension, and then buy for the long-term.
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GBPAUD ShortHey traders, in today's trading session we are monitoring GBPAUD for a selling opportunity around 1.74 zone, once we will receive any bearish confirmation the trade will be executed.
Trade safe, Joe.
End of week recapGBP/AUD
GBPAUD has been stuck in a range since the early part of May. This has been a pretty clean trade from range high to rage low. In my own terminology I would consider a range to be an efficient market, one that has defined top and bottom where markets have found equilibrium. These efficient markets can present a separate market characteristic this is another I call inefficient market one that see a quick reset in price.
These explanations are made to make this trade seem easier to understand. That being said we are looking for the market to rebound with a stronger British Pound.
Looking at the lower portion of the chart Vix indicator says vol is above 50 this is to be taken as bearish moment which indeed we are experiencing. Though I like to look at what price we are experiencing VIX above 50 las time price showed us a 50 VIX was 1.73-1.74 today we are much higher at 1.76. This for me allows me to take the stand that GBP/AUD is bullish at this point on the chart with a return to the upper range of the efficient zone.
GBPAUD 23rd MAY 2022The inflation picture is hugely concerning but the British government has confidence in the Bank of England to get it right, Chief Secretary to the Treasury Simon Clarke said on Monday.
British inflation surged last month to its highest annual rate since 1982, pressuring finance minister Rishi Sunak to offer more help to households and the Bank of England to keep raising interest rates despite a risk of recession.
Volatility 19 May 22 Currency Futures Eur, Gbp Aud, Chf YenAUD Futures Futures 19 May 2022
Based on the HV measures from the last 5397 candles our expected volatility for today is around 0.96%
However, in order to increase our accuracy I am going to use a 1.25x multiplier => 1.21%
This is translated into a movement from the current opening point of 0.008
With this information our top and bottom , with close to 81% probability for today are going to be
TOP 0.704
BOT 0.687
GBP Futures Futures 19 May 2022
Based on the HV measures from the last 5408 candles our expected volatility for today is around 0.78%
However, in order to increase our accuracy I am going to use a 1.25x multiplier => 0.98%
This is translated into a movement from the current opening point of 0.012
With this information our top and bottom , with close to 81% probability for today are going to be
TOP 1.246
BOT 1.222
EUR Futures Futures 19 May 2022
Based on the HV measures from the last 5408 candles our expected volatility for today is around 0.65%
However, in order to increase our accuracy I am going to use a 1.25x multiplier => 0.82%
This is translated into a movement from the current opening point of 0.009
With this information our top and bottom , with close to 81% probability for today are going to be
TOP 1.056
BOT 1.039
CHF Futures Futures 19 May 2022
Based on the HV measures from the last 5399 candles our expected volatility for today is around 0.58%
However, in order to increase our accuracy I am going to use a 1.25x multiplier => 0.73%
This is translated into a movement from the current opening point of 0.007
With this information our top and bottom , with close to 81% probability for today are going to be
TOP 1.02
BOT 1.006
YEN Futures Futures 19 May 2022
Based on the HV measures from the last 5399 candles our expected volatility for today is around 0.75%
However, in order to increase our accuracy I am going to use a 1.25x multiplier => 0.93%
This is translated into a movement from the current opening point of 0.007
With this information our top and bottom , with close to 81% probability for today are going to be
TOP 0.0078 + 0.008
BOT 0.0078 - 0.008
GBPAUDGBPAUD took support from Daily EMA12 and it's forming inverse head & shoulder on the lower timeframe. Watch out for the breakout for the targets marked on the charts.
GBPAUDLooks like this one is breaking the structure on the lower timeframe. Either short it at current price or wait for an hourly candle closing below 1.76 for the tp of 1.7585
GBPAUD: Your Trading Plan For Today 🇬🇧 🇦🇺
Hey traders,
Have you seen that cute dodji candle that GBPAUD formed on a daily time frame.
That candlestick pattern formed on a strong horizontal key level.
To short with a confirmation, watch a double top formation on 4H.
1.7664 - 1.769 is its horizontal neckline.
Wait for 4H candle close below that, then short aggressively or on a retest.
Goals will be 1.75 / 1.74
If the price sets a new higher high on 4h,
the setup will be invalid.
❤️If you have any questions, please, ask me in the comment section.
Please, support my work with like, thank you!❤️
GBPAUD GBPAUD I believe we can get a good 400 pip trade with minimum risk. We appear to have created a double bottom which has formed the base
Now if you go from the 4HR to the 30M TF, we can see a reversal pattern an inverse head and shoulders which would give us a good place to get anentry on the break of the neckline.
GBPAUD SELL-BUY-SELLFound some good areas that I'll be watching carefully, expecting a short first to take out the liquidity below, then a push up before continuing its move down. Alerts are set to watch price action on the seconds chart at the time
💡Don't miss the great buy opportunity in GBPAUDTrading suggestion:
". There is a possibility of temporary retracement to the suggested support line (1.7433).
. if so, traders can set orders based on Price Action and expect to reach short-term targets."
Technical analysis:
. GBPAUD is in a range bound, and the beginning of an uptrend is expected.
. The price is below the 21-Day WEMA, which acts as a dynamic resistance.
. The RSI is at 56.
Take Profits:
TP1= @ 1.7582
TP2= @ 1.7746
TP3= @ 1.8030
TP4= @ 1.8178
TP5= @ 1.8392
SL= Break below S2
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Now, It's your turn !
Be sure to leave a comment; let us know how you see this opportunity and forecast.
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💡Don't miss the great buy opportunity in GBPAUDTrading suggestion:
". There is a possibility of temporary retracement to the suggested support line (1.7433).
. if so, traders can set orders based on Price Action and expect to reach short-term targets."
Technical analysis:
. GBPAUD is in a range bound, and the beginning of an uptrend is expected.
. The price is below the 21-Day WEMA, which acts as a dynamic resistance.
. The RSI is at 56.
Take Profits:
TP1= @ 1.7582
TP2= @ 1.7746
TP3= @ 1.8030
TP4= @ 1.8178
TP5= @ 1.8392
SL= Break below S2
❤️ If you find this helpful and want more FREE forecasts in TradingView
. . . . . Please show your support back,
. . . . . . . . Hit the 👍 LIKE button,
. . . . . . . . . . Drop some feedback below in the comment!
❤️ Your support is very much 🙏 appreciated!❤️
💎 Want us to help you become a better Forex / Crypto trader?
Now, It's your turn!
Be sure to leave a comment; let us know how you see this opportunity and forecast.
Trade well, ❤️
ForecastCity English Support Team ❤️
GBP/AUD Ascending triangleIf we start analyzing from the D-timeframe we can see that we are at a strong Support level and we have more than 1000pips to the upside we go to the lower timeframe like the 1hour TF we can see an Ascending Triangle. So the best way to play out such a trade is to wait for the breakout and set our SL just below the support line (Or preferably 1ATR below it) and we can create 1:10RR trade.
Confirmations:
Daily and weekly support levels;
GBP-Top rated in the currency strength matters;
1hour TF possible confirmation after the breakout;
Entry:
In best case scenario we can just place a Buy Stop order above the triangle forming in 1hourTF
Risk Reward:1:3/1:10 Depends if you are aiming for longer-term swing move
GBPAUD LongGBPAUD rejecting from supply zone expected to go Previous resistance.
Expected to give 150 PIPS.
