GBP/AUD Downtrend May Resume on Wedge BreakoutThe Australian Dollar may resume gains against the British Pound following weakness since early April.
GBP/AUD's bounce has been slowing, and now a breakout under a bearish Rising Wedge is in focus. Further downside confirmation could hint at downtrend resumption, placing the focus on the early-April low at 1.7175.
Beyond that sits the 2018 and October 2017 low.
This is as the 50-day Simple Moving Average could continue maintaining a broader downside bias, holding as resistance in the event of a turn higher.
Otherwise, confirming a breakout above 1.7887 could precede further upside progress towards the March high.
FX_IDC:GBPAUD
Gbp-aud
Bullish outlook on GBPAUD: 25 April 2022On the H1 time frame, prices are showing bullish order flow, with higher highs and higher lows being formed. A pullback to test the support at 1.75822, in line with the 127.2% Fibonacci extension, 78.6% fibonacci retracement and ascending trend line provide an opportunity to play the bounce to the next resistance target at 1.79551, in line with the 200% Fibonacci extension and 78.6% Fibonacci retracement. Ichimoku cloud is showing signs of bullish pressure as well, in line with our bullish bias.
GBPAUDGood evening,
We have seen a daily downtrend in this market, as most of you know I work down from the higher timeframes to the lower. As we can see from the chart on the 30m timeframe we are approaching a zone where we can expect sellers. We can see the volume in the upper blue rectangle holds a lot of money, it's our job to monitor what happens when the price reaches that level. What I would like to see is a few smaller candles as we approach and then a large red candle to prompt a short entry. Let's see how this one plays out, if you have any questions feel free to message me.
GBPAUD Bullish Divergence on RSI may stop the sellingThe GBPAUD pair has been declining after the January 28 Lower High on the multi-year Channel Down. As long as the 1D MA50 (blue trend-line) is holding as Resistance, this bearish sentiment should continue to dominate. During the last Lower Low leg in July 2020, when the 1D MA50 broke to the upside, the selling stopped and GBPAUD turned sideways on a neutral price action.
Before that, the first sign to warn of this change in trend was the bullish divergence on the 1D RSI, which was on Higher Lows while the price action was on Lower Lows. We suggest to keep selling only if the Diverging Lower Lows trend-line breaks (dashed line) and target the -0.5 Fibonacci extension (orange trend-line). Until then, wait for the 1W MACD to make a Bullish Cross and buy. If that takes place above the Diverging Lower Lows line, target the 0.786 Fib retracement level within the Channel Down (blue). If it takes below the Diverging Lower Lows, target 1.77000.
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INVERTED HEAD&SHOULDER in GBPAUDHello, my fellow traders hope you all are making some profits. We are here with our new analysis so that we can increase those profits for you. Let’s get into it.
As we can see, the price has made an INVERTED HEAD AND SHOULDER PATTERN. One can go long.
Let us know your views on this in the comment section. Thank you all.
There is good news for our followers. We will be analyzing on-demand.
So let us know which pair you want our analysis on, and we will get it for you. Do like and follow us.
The trend is your friend, until... The trend is your friend, until it...BREAKS!
What do I mean by this? Well I will produce a video this week explaining what I mean by this and how fixed-income market is something you should be keeping an eye on
Now $GBPAUD - Beautiful bearish movement we've had for a while but now we getting bullish candle! What does this mean?
Sorry to disappoint you or to get you excited - it means absolutely nothing at this current moment of time, we in bearish channel and if we close above out of this channel, then sure bullish movement could come into control for short term and go to next resistance if NOT - guess what, the trend is still your friend, so you take the short side! There is most likely going to be a set up on short term time frame brewing and there was long opportunity this week, a great set-up should be brewing for us to trade next week.
In my personal opinion, I rather be late to the party than early.. All explained in the week ahead video!
Have a great week ahead
TJ
Disclaimer: Not Investment Advice
GBP/AUD Long IdeaHello Traders
Last few weeks were so harsh for GBP/AUD as this pair had a non-stop falling.
Now its seems GBP found some space to breath.
We believe Price will see some Correction.
Also:
1- We can see Dragonfly Doji Candle in Weekly TF.
2- Downward Trendline has been broken.
3- We can see RD+ in RSI.
4- RSI has broken its downward trendline.
Thanks For Reading
Team Fortuna
-RC
GBPAUD Trade Update (+2000 Pips)GBPAUD trade was posted on my tradingview account just a few days ago and after getting some reaction after the liquidity grab, we got to see a nice movement to the upside. GBPAUD trade is currently up 2000 pips and counting with a moved stop loss securing over 1000+ pips!
WEEKLY LOOK ON GBPAUD - ELLIOTT WAVE ANALYSISHi Ellioticians, GBPAUD weekly time frame suggests a big, bearish, three-wave move to the downside from the 2.71 high. We labeleld a completed impulse in A, followed by a possible completed triangle corrective pattern in wave B, at the 1.954 lvl.. This year's sharp decline, and a break below the lower triangle line is a suggestion that the triangle correction can be completed and wave C underway well below the 1.442 lvl. in years to come. That being said, a break below the 1.744 swing low will be another indication that the GBP is weakning in years to come.
The alternate scenario suggests another complex correction to be underway in red wave B.
Trade well.
GBPAUD Liquidity grabGBPAUD continues to trade into liquidity as price action trades lower. There has been multiple instances of a liquidity grab with no movement upward. This is either to grab more liquidity for a movement upward, or expect price to continue trading lower. However if we are able to get a nice movement to the upside after this or the last liquidity grab, Ill be taking longs.
GBPAUD WeaklyHello friends | I only do simple analyzes with this phone If a small screen is displayed to you I'm sorry Well as shown in the analysis GBPAUD at 12% weekly timeframe Has almost fallen A 12% drop pattern is expected to continue to form in the weekly timeframe But according to the price pivot 1.7568 Have a pullback up and then the price will fall again 🔻 Thank you very much for your support 🌹 Only the analysis is personal and do not see the signal 🚫 Please support us in this direction to provide more analysis 🙌🌹❤
GBP/AUD falling with strong downside momentum...The last time we broke down GBP/AUD was when it was trending north on the daily. Since then we have taken a huge plummet driving the trends down and prices back below 1.8000.
1.7500 looks like a comfortable 100+ pip landing spot with more potential for heavy downside movements.
As of right now there is very little upside opportunity and we would advise traders not to try and pick a bottom.
We will provide an update over the coming weeks to see how this pair plays out.
GBP/AUD Symmetrical TriangleGBP/AUD has successfully tested the 1.2715 support, and the sellers are exerting a huge amount of pressure to break the support level (as shown in arrow 3). But any successful rebound toward the upside of the market.
A break above the upper trendline would initiate a new bullish wave and this could be a huge spike because we will all be buying. LOL.
I am looking forward to a long position, and my entry-level is above the upper trendline at 1.7880.
GBPAUD daily shortsGBPAUD daily timeframe shorts, I did this a few days ago I didn't post it I was expecting shorts into 1.88.00 / 1.8500 and 1.8300 from here onwards it is possible that this pair makes new highs before dropping to the downside or it may still continue moving towards the directions of my trade