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Gbp-aud

Potential bullish bounceGBP/AUD is falling towards a support level which is an overlap support that aligns with the 50% Fibonacci retracement and could bounce from this level to our take profit. Entry: 1.92627 Why we like it: There is an overlap support level which aligns with the 50% Fibonacci retracement. Stop loss: 1.91771 Why we like it: There is a pullback support level which aligns with the 78.6% Fibonacci retracement. Take profit: 1.94469 Why we like it: There is an overlap resistance level Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Everest Fortune Group’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Everest Fortune Group.
Long
by VantageMarkets
GBP/AUD is ready for changing direction(4/9/2024)After a 5-wave impulse move, GBP/AUD has started the correction. Right now the price is completing the "A" wave. there is a possibility that the price will bounce back after reaching FIB 0.5. Our technical view has been shown in the chart. If you like it then Support us by Like, Following, and Sharing. Thanks For Reading Team Fortuna -RC (Disclaimer: Published ideas and other Contents on this page are for educational purposes and do not include a financial recommendation. Trading is Risky, so before any action do your research.)
Long
by fortunamarkets
GBPAUD has a strong downside momentum, could it fall further?GBPAUD is rising towards a resistance level which aligns with the 50% and the 78.6% Fibonacci retracement and reverse from this level to our take profit Entry: 1.92761 Why we like it: There is a pullback resistance level which aligns with the 50% and the 78.6% Fibonacci retracement Stop loss: 1.94481 Why we like it: There is a pullback resistance level Take profit: 1.91356 Why we like it: There is a pullback support level Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Everest Fortune Group’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Everest Fortune Group.
Short
by VantageMarkets
GBPAUD Sell signal on 1D MA200 Bearish Break-outThe GBPAUD pair gave us an excellent buy signal last time we looked at it (December 29 2023, see chart below), easily hitting our 1.9000 Target: This time we have a Sell Signal that the pair just flashed as it just broke today below the 1D MA200 (orange trend-line) for the first time since January 15. Last time that happened was on December 13 2023, when GBPAUD also broke below a Triangle pattern and reached as low as the 1.5 Fibonacci extension level. The RSI patterns of the two sequences are also similar, being within Channel Down patterns. As a result, we turn bearish on this pair today, targeting 1.9000. ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
Short
by TradingShot
Gbpaud play the range on daily,h4 Hello fellow traders , my regular and new friends! Welcome and thanks for dropping by my post. Likely just gonna play along with this range formed on higher timeframe. Do check out my stream video for the week to have more explanation in place. Do Like and Boost if you have learnt something and enjoyed the content, thank you! -- Get the right tools and an experienced Guide, you WILL navigate your way out of this "Dangerous Jungle"! -- ********************************************************************* Disclaimers: The analysis shared through this channel are purely for educational and entertainment purposes only. They are by no means professional advice for individual/s to enter trades for investment or trading purposes. *********************************************************************
Long
by Shadowing_The_Big_Boys
GBP AUDMy analysis on GBP AUD, I use limit orders so I don't need to be in front of the chart all day. To consider this a good entry there are certain criteria to follow: 1. Clean BoS with IMB. 2. * Look for areas where liquidity has been purged. 3. * Stochastic: in uptrend 0-15, in downtrend 85-100. ( * ) = Not optional but increases our probability. I use Fibonacci to get these extreme points and my preferred one is 75% retracement, with a risk-reward of 1:3. Set and forget. Trade carefully, This is not financial advice, DYOR.
Short
by betimmavriqi
GBPAUD BUY BIASWeekly: Bearish, Rejection from major weekly resistance 198.550, Failed retest of Head and shoulders pattern price closed above the right shoulder, recently mitigated ob 1.98550, Made a Double bottom pattern at daily supply zone 1.86550, Unmitigated ob at 1.87625, Bearish rejection candle at daily resistance 1.94750, Bullish choch Daily: Consolidation, Inverse Head and shoulders, 2 bar rejection at major resistance 1.94750, Has not retested major support 190.325 after break, Bullish choch, Double bottom pattern, Retested resistance 1.93250 4hr: Consolidation, In a minor uptrend after making a rejection can of the bottom 4hr zone, Break of bearish trendline to the upside, Has not retested .618 of fakeout that resulted to a downward movement, rejection of the 4hr resistance 1.93275. 1hr: Bullish, Liquidity is located above the 4hr resistance of 1.93275, Price is respecting a bullish trendline, Unmitigated 1hr ob, Price faded out and reversed after reaching bottom 4hr zone. 15m: Bullish, Bullish structure is being formed, Failed to make a higherhigh at 4hr resistance 1.93275, Ascending triangle pattern I believe price is going to retest the 1hr ob fake out the market and continue the upward movement towards the Top 4hr zone to grab liquidity and retest the .618 level if its able to break 1.93275.
Long
by PipEater1
GBPAUD: Technical Uptrend with Fundamental InsightsHey Traders, in the coming week we are monitoring GBPAUD for a buying opportunity around 1.93200 zone, GBPAUD is trading in an uptrend and currently is in a correction phase in which it is approaching the trend at 1.93200 support and resistance area. Now, let's delve into the fundamental aspect: Recent remarks from Huw Pill, the chief economist at the Bank of England, have stirred market interest. Pill hinted at the possibility of a shift in the central bank's stance regarding interest rates. His cautionary comments, particularly regarding geopolitical risks like those in the Middle East, suggest a nuanced approach to future rate decisions. This fundamental layer adds depth to our technical analysis, emphasizing the importance of monitoring central bank commentary alongside price action for strategic trading decisions.
Long
by JoeChampion
1
Sell GBPAUD Triangle BreakoutThe GBP/AUD pair on the H1 chart exhibits a bearish signal suggesting a potential decline in the coming hours. A recent downward breakout from a triangular consolidation pattern could offer a shorting opportunity. Key Points: Triangle Breakout: The price has been confined within a triangle formation, characterized by converging support and resistance lines. This often indicates indecision before a decisive move. However, the recent break below the lower support line at 1.9265 suggests a shift in momentum towards the downside. Sell Entry: Consider entering a short position around the current price near 1.9265, offering an entry point close to the breakout level. Target Levels: Initial bearish targets lie at the support levels of 1.9114 and 1.9027, marking previous support zones within the triangle. Stop-Loss: To manage risk, place a stop-loss order above the resistance 1.9400 Fundamental Updates : Bank of England (BoE) Meeting and Interest Rate Decision (Feb 2): While the BoE is expected to raise rates again, the focus will be on the size (25bps or 50bps) and future policy guidance. Dovish pronouncements could weaken the GBP and support AUD selling against it. Risk-Off Sentiment: A general deterioration in global market sentiment could drive investors towards the safe-haven AUD and put downward pressure on GBP/AUD. Thank you.
Short
by KABHI_FOREX_TRADING
3
GBPAUD:Bearish stocks and potential AUD weaknessHey Traders, in tomorrow's trading session we are monitoring GBPAUD for a buying opportunity around 1.89900 zone, GBPAUD is trading in an uptrend and currently is in a correction phase in which it is approaching the trend at 1.89900 zone. Adding a fundamental layer to our analysis, the recent Consumer Price Index (CPI) figures could play a pivotal role in the market dynamics. Notably, the strong CPI could lead to a strengthening of the US dollar. While a robust dollar might be viewed positively in some contexts, in the realm of stocks, it could have adverse effects. A strong dollar is generally perceived as negative for stocks, as it can impact corporate profits, leading to a potential bearish sentiment in equities. Traders should be vigilant about these interconnected factors, understanding the broader market dynamics and the implications of fundamental releases on correlated assets. As always, trade safe and stay informed about the evolving market conditions.
Long
by JoeChampion
Navigating GBPAUD's downtrendIn the upcoming trading session, our focus is squarely on GBPAUD as we explore a potential selling opportunity around the 1.90800 zone. GBPAUD, entrenched in a downtrend, is presently navigating a correction phase, drawing closer to the trend at the crucial 1.90800 support and resistance juncture. As we delve into this analysis, it's essential to consider the broader market dynamics. The prevailing downtrend in GBPAUD aligns with our anticipation of AUD strength. This expectation stems from the bullish bias observed in indices like NASDAQ, where positive correlations between stocks and the Australian Dollar (AUD) often influence currency movements. Consequently, traders should keep a watchful eye on this interplay as they strategize their positions in the GBPAUD pair. Trade safe, Joe.
Short
by JoeChampion
1
GBPAUD - Follow The Trend ↘️Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst. 📉 GBPAUD has been overall bearish trading below the red trendline, and it is currently retesting it. Moreover, the zone 1.9 is a robust resistance. 🏹 So the highlighted red circle is a strong area to look for sell setups as it is the intersection of the resistance zone in green and red trendline acting as a non-horizontal resistance. 📚 As per my trading style: As GBPAUD approaches the red circle zone, I will be looking for bearish reversal setups (like a double top pattern, trendline break , and so on...) 📚 Always follow your trading plan regarding entry, risk management, and trade management. Good luck! All Strategies Are Good; If Managed Properly! ~Rich
Short
by TheSignalyst
GBPAUD Bullish reversal emergingThis is an update on the GBPAUD pair regarding our November 19 analysis (see chart below) where we called for a sell at the top of the Channel Down: As you see the price action responded with a respectable decline that hasn't yet reached our 1.8300 Target and most likely this is due to the shift of the Channel Down a little upwards. This diverging Channel Down appears to have reached its bottom so it is best to book the profit on the sell. The 1D MACD is about to form a Bullish Cross and the last such pattern emerged on October 04, four days after the previous Lower Low. As a result we are switching to a buy now with a modest short-term target at the top of the main Channel Down at 1.90000. ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
Long
by TradingShot