GBPAUD Most optimal buy here but bearish if broken.The GBPAUD pair has broken below the first Channel Up (dotted lines) and in extension the 1D MA100 (green trend-line). Currently it is testing the bottom of the second (and final) Channel Up (blue). Technically that is the most optimal level to buy for the medium-term and target 1.997800 (Resistance 1). On top of that, the 1D RSI bounced back after becoming oversold below 30.00, the lowest it has been since September 26 2022, which was the absolute market bottom.
If the price breaks below Support 1 (1.885250) we will have confirmation of a potential long-term bearish reversal. Then the ideal level to enter will be following a rebound on the 1D MA200 (orange trend-line) and a clear rejection near the 1D MA50 (blue trend-line) as we will have confirmation that it has become a Resistance and the market sells long-term. In that case our target will be 1.75000 (towards Support 3).
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Gbp-aud
GBPAUD: Trendline break, waiting for retestWe can see that GBPAUD has broken the weekly rising trendline with gusto at the end of last week.
We have a small pinbar close on Friday which suggests a retracement back up to retest.
I'm expecting strength to build up for the AUD with the positive signs coming out of China, we can see it is recovering across most crosses, and sterling weakening.
BoE decision on Thursday is important, however I think whatever happens this is a good pair to trade and I'm expecting lots of short pips from this pair over the next few months.
Watching out for the retest and then I'll be starting to short.
Gbpaud more downside, pullback can come too but for shorts
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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.
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GBPAUD: Important Breakout & Bearish Outlook Explained 🇬🇧🇦🇺
GBPAUD broke and closed below a solid rising trend line on a daily.
That violation is the sign of strength of the sellers and implies at least a local
change of character.
Probabilities will be high that the pair will drop lower.
Next support - 1.91
For entries, consider an occasional retest of a broken trend line.
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GBP/UAD _ swing trade long ideaGBP/AUD has retraced from its YTD highs in three waves, and hinted at a swing low with a Doji yesterday.
Moreover, the doji formed at a long-term trendline, historical high and 50% retracement level whilst RSI (2) was in the oversold level.
The bias remains bullish whilst prices remain this week's low, with an interim target near 1.9700. Given its established uptrend, an open upside target could also be considered.
GBPAUD 1000+ PIPS TRADE SETUPHello traders , it looks to me gbpaud may start a strong bearish move.
here are our bearish clues :
- the price touched a bearish trendline and formed a double top pattern
- RSI divergence the indicator shows lower highs and lower lows which indicates that the sellers are getting weaker
Trade Confirmation : Breakout of the local bullish trendline and the double top Neckline.
I post Weekly setups and analysis on my tradingview if your not following me your missing out on free mulla .
This is not financial advice just my humble opinion trade safe.
GBPAUD: Curve Analysis (1W)BIG PICTURE TREND IS NEUTRAL
(aggressive risk)
SLO2 @ 2.0233 ⏳
SLO1 @ 1.9850 📉
TP1 @ 1.9115
TP2 @ 1.8495
TP3 @ 1.8040
TP4 @ 1.7335
BLO1 @ 1.7165 ⏳
BLO2 @ 1.6755 ⏳
Based on the 1W chart for GBPAUD, the pair is currently trading in a symmetrical triangle pattern. This pattern is considered to be a neutral pattern, meaning that it could break out to the upside or downside. The price has been consolidating between the upper and lower trendlines of the triangle for the past few weeks, and it is now approaching the apex of the triangle.
The next few days will be critical for the GBPAUD pair. If the price breaks out of the triangle to the upside, it could target the 2.7000 resistance level. However, if the price breaks out of the triangle to the downside, it could target the 1.6755 support level.
The GBP is currently trading near its 200-week moving average, which is a bullish signal.
The AUD is currently trading near its 200-day moving average, which is a bearish signal.
The RSI indicator is neutral, suggesting that the market is neither overbought nor oversold.
The MACD indicator is in a bullish crossover, suggesting that the momentum is turning positive.
Overall, the technical analysis for GBPAUD is mixed. The symmetrical triangle pattern is a neutral pattern, and the other technical indicators are giving mixed signals.
However, the GBP is trading near its 200-week moving average, which is a bullish signal. Therefore, I would lean towards a bullish bias for the GBPAUD pair in the short term — particularly watching a buy signal around 1.9385
GBPAUD to continue in the downward move?GBPAUD - 24h expiry
There is no clear indication that the downward move is coming to an end.
We expect a reversal in this move.
A move through 1.9600 will confirm the bearish momentum.
Short term RSI has turned negative.
The measured move target is 1.9400.
We look to Sell a break of 1.9600 (stop at 1.9750)
Our profit targets will be 1.9480 and 1.9450
Resistance: 1.9675 / 1.9700 / 1.9750
Support: 1.9600 / 1.9500 / 1.9400
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GBPAUD TECHNICAL ANALYSISGood day, traders.
On a four-hour timeframe, GBPAUD is displaying a bearish continuation pattern. I'll be keeping an eye on the price movement in the 1.9622 Zone for a chance to go short on it with a target price of 1.9500. Use effective risk management. Like and subscribe to help me with my efforts.
GBPAUD - Still Overall Bullish 🔝Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst.
GBPAUD has been overall bullish trading inside the rising channel in blue, and it is currently approaching the lower trendline.
Moreover, the 1.94 is a strong support zone.
🏹 So the highlighted purple circle is a strong area to look for buy setups as it is the intersection of the green support and lower blue trendline.
As per my trading style:
As GBPAUD is sitting around the blue circle zone, I will be looking for bullish reversal setups (like a double bottom 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
GBPAUD Buy opportunity emergingThe GBPAUD pair hit our previous Buy Target as presented (see chart below) last month:
The price has now been pulling back within the 7-month Channel Up in search of the next Higher Low. This should be formed at least on the 1D MA50 (blue trend-line) as it did twice before. As a result, we will wait for that buy opportunity and target 2.01500 (1.236 Fibonacci extension).
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GBPAUDPotential divergence created. A previous intraday low was broken and the current high which was broken as well. A bit risky of a setup to be honest but it follows what i like to look for We have GBP news coming up Friday. GBP mortgage rater were higher but the housing price index MoM and YoY were lower with the AUD business confidence coming in higher than forecast and previous. Maybe we get a small pullback before further the GBP red folder reports that are to come this Friday? The short position is set for a 40% retracement target but it could go lower of course possibly reaching previous low or surpassing it. Just want to play it safe.
GBPAUD Buy signal at the bottom of the Channel UpThe GBPAUD pair gave us an excellent buy signal last time we looked at it (see chart below) on May 9:
The price remains within the 6 month Channel Up pattern and is currently rising after a Higher Low formation on the 1D MA50 (blue trend-line) early this week. This is a bullish signal, based on which we are targeting the 1.97300 Resistance. That would be a +4.65% rise from the bottom, which as this chart shows, has happened twice.
If however the price breaks below the Channel Up, we will open a short when it breaches the 1D MA100 (green trend-line), which is holding as Support since March 03 2023, and target the 0.5 Fibonacci level at 1.83150. That will make also contact with the 1D MA200 (orange trend-line). An early sell signal will be when the 1D RSI breaks below the Higher Lows trend-line that is holding since March 07 2022.
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GBP/AUDFast intraday search through my watchlist.
You can follow the price with candle confirmation or whatever strategy you have.
None of these are 100 %, complete confident analyses.. this market is all about probability .. so try to work on your risk management and self-control.. all the traders in the world can tell for sure what's going to happen or where the price is going in the next 1 hour.
Ps. Leave your comment and thoughts.
I posted this position a couple of days ago .. still valid.
GBP/AUDFor this week, I'm looking at GBP/USD for opportunities to enter sell positions, as I showed on the chart ..
the price has been moving in a trading range ( NOT A CLEAN ONE) for some time now.
We have a resistance zone where the price had been rejected a couple of times .. last week, the price broke the resistance for 10 hours max but came back to our range with a big black candle and also made a pullback to our highlighted zone .. in lower time frames; if the price breaks the 15 min low then there's a good chance were you can follow it to the cluster made by a dynamic trend line and the last low in 4h time frame.
Please Tell me what you think about this. Leave your comment and thoughts.
GBPAUD Potential DownsidesHey Traders, in today's trading session we are monitoring GBPAUD for a selling opportunity around 1.91500 zone, GBPAUD is trading in a downtrend and currently is in a correction phase in which it is approaching the trend at 1.91500 support and resistance zone.
Trade safe, Joe.
GBPAUD to retest previous support?GBPAUD - 24h expiry - We look to Sell at 1.9000 (stop at 1.9075)
The current move lower is expected to continue.
Further downside is expected.
Short term RSI is moving lower.
Risk/Reward would be poor to call a sell from current levels.
A move through 1.8850 will confirm the bearish momentum.
Our profit targets will be 1.8820 and 1.8780
Resistance: 1.8950 / 1.9000 / 1.9050
Support: 1.8850 / 1.8800 / 1.8750
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