GBPAUD Under Pressure! SELL!
My dear subscribers,
GBPAUD looks like it will make a good move, and here are the details:
The market is trading on 1.9038 pivot level.
Bias - Bearish
Technical Indicators: Both Super Trend & Pivot HL indicate a highly probable Bearish continuation.
Target - 1.9001
About Used Indicators:
The average true range (ATR) plays an important role in 'Supertrend' as the indicator uses ATR to calculate its value. The ATR indicator signals the degree of price volatility.
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WISH YOU ALL LUCK
GBPAUD
GBPAUD to remain mixed and volatile?GBPAUD - 24h expiry
The primary trend remains bearish.
Intraday signals are mixed.
A higher correction is expected.
Preferred trade is to sell into rallies.
Bespoke resistance is located at 1.9070.
We look to Sell at 1.9070 (stop at 1.9102)
Our profit targets will be 1.8925 and 1.8905
Resistance: 1.9070 / 1.9100 / 1.9150
Support: 1.9010 / 1.8960 / 1.8910
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The trade ideas beyond this page are for informational purposes only and do not constitute investment advice or a solicitation to trade. This information is provided by Signal Centre, a third-party unaffiliated with OANDA, and is intended for general circulation only. OANDA does not guarantee the accuracy of this information and assumes no responsibilities for the information provided by the third party. The information does not take into account the specific investment objectives, financial situation, or particular needs of any particular person. You should take into account your specific investment objectives, financial situation, and particular needs before making a commitment to trade, including seeking advice from an independent financial adviser regarding the suitability of the investment, under a separate engagement, as you deem fit.
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GBP/AUD H4 | Bearish Momentum PersistsGBP/AUD is rising towards a pullback resistance and could potentially reverse off this level to drop lower.
Sell entry is at 1.9042 which is a pullback resistance and the presence of the bearish Ichimoku cloud highlights the bearish momentum.
Stop loss is at 1.9090 which is a level that sits above the 38.2% Fibonacci retracement level and a pullback resistance.
Take profit is at 1.8909 which is a multi-swing-low support.
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GBPAUD Technical Analysis! SELL!
My dear friends,
Please, find my technical outlook for GBPAUD below:
The price is coiling around a solid key level - 1.9027
Bias - Bearish
Technical Indicators: Pivot Points Low anticipates a potential price reversal.
Super trend shows a clear sell, giving a perfect indicators' convergence.
Goal - 1.9002
About Used Indicators:
The pivot point itself is simply the average of the high, low and closing prices from the previous trading day.
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WISH YOU ALL LUCK
GBPAUD - 4hrs ( Sell Trade Target Range 280 PIP ) Pair Name : GBP/AUD
Time Frame : 4hrs Chart / Close
Scale Type : Large Scale
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spreading knowledge among us and to clarify the most importan+t points of entry, exit and entry with more than 5 reasons
We seek to spread understanding rather than make money
Key Technical / Direction ( Short )
Type : Mid Term Swing
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Bearish Break
1.90450 Area
Reasons
- Major Turn level / D
- visible Range Hvn
- Pattern Lower Band
- Inner Trend break
- Counter Trend Line
- Inner Choch Area
Bullish Reversal
1.86350 Area
Reasons
- Major Turn level
- Visible Range Hvn
- Pattern Target
- Fibo Golden
- 3 Quarter low
- 2 Quarter Low
- Fixed Lvn
GBPAUD Massive Long! BUY!
My dear subscribers,
This is my opinion on the GBPAUD next move:
The instrument tests an important psychological level 1.8949
Bias - Bullish
Technical Indicators: Supper Trend gives a precise Bullish signal, while Pivot Point HL predicts price changes and potential reversals in the market.
Target - 1.9044
About Used Indicators:
On the subsequent day, trading above the pivot point is thought to indicate ongoing bullish sentiment, while trading below the pivot point indicates bearish sentiment.
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WISH YOU ALL LUCK
Potential bullish rise?GBP/AUD is falling towards a support level which is an overlap support that lines up with the 23.6% Fibonacci retracement and could bounce from this level to our take profit.
Entry: 1.90141
Why we like it:
There is an overlap support that aligns with the 23.6% Fibonacci retracement.
Stop loss: 1.89863
Why we like it:
There is a pullback support that lines up with the 50% Fibonacci retracement.
Take profit: 1.90703
Why we like it:
There is an overlap resistance level which lines up with the 138.2% Fibonacci extension.
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GBP/AUD Analysis: Anticipating a Bullish InitiativeFollowing our previous analysis, the GBP/AUD pair continues to reside within our identified area of attention, particularly around a key Demand area. This area has been filled, and the price has reacted with an initial reversal. Currently, the price hovers around 1.9015, a level of significant interest for several reasons.
Firstly, the COT report reveals that a majority of institutional positions are on the long side. This indicates strong interest from major market players in the upside potential of the GBP/AUD pair, adding credibility to our bullish outlook.
Secondly, our seasonality analysis further supports the case for a bullish initiative. Historically, during this part of the year, the GBP/AUD pair tends to experience growth. This seasonal tendency aligns well with our technical and fundamental observations, providing an additional layer of confidence in our analysis.
From a technical perspective, the initial reversal from the Demand area suggests that buyers are stepping in at this level, supporting the price and preventing it from falling further. This Demand area, around 1.9015, serves as a crucial support zone where buying interest outweighs selling pressure.
In light of these factors, we are actively looking for a bullish initiative. Our strategy involves monitoring the price action for further confirmation of the bullish trend. Key indicators to watch include higher lows and higher highs on shorter time frames, as well as supportive volume patterns that indicate sustained buying interest.
We are also paying close attention to any news or events that could impact the GBP/AUD pair, including economic data releases and geopolitical developments. These factors could provide additional catalysts for the anticipated upward movement.
In summary, with institutional support, favorable seasonal trends, and technical signals aligning, we are poised to capitalize on the bullish potential of the GBP/AUD pair. We will be looking for optimal entry points to enter long positions, aiming to benefit from the expected price appreciation in the coming weeks.
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GBP/AUD ready to start a big move(7/2/2024)GBP/AUD has been trapped between a correction trendline and a support zone. Because of that the price moves back and forth in a tight range.
If the price manages to break the correction line, this will lead the price into the 1.91 zone.
Also, the price has completed a 5-wave impulse before, so any break above the correction line will start a new 5-wave impulse move.
Our technical view has been shown in the chart.
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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.)
GBP/AUD +100 Pips , 2 New Entry Valid To Who Missed It !This Is An Educational + Analytic Content That Will Teach Why And How To Enter A Trade
Make Sure You Watch The Price Action Closely In Each Analysis As This Is A Very Important Part Of Our Method
Disclaimer : This Analysis Can Change At Anytime Without Notice And It Is Only For The Purpose Of Assisting Traders To Make Independent Investments Decisions.
GBP/AUD BEST PLACE TO BUY FROM|LONG
Hello,Friends!
The BB lower band is nearby so GBP/AUD is in the oversold territory. Thus, despite the downtrend on the 1W timeframe I think that we will see a bullish reaction from the support line below and a move up towards the target at around 1.909.
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Bullish rise?GBP/AUD has just bounced off the pivot which acts as a pullback support and could potentially rise to the 1st resistance.
Pivot: 1.8916
1st Support: 1.8869
1st Resistance: 1.9060
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Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Forex and CFDs may not be suitable for all investors, so please ensure that you fully understand the risks involved and seek independent advice if necessary.
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The above opinions given constitute general market commentary, and do not constitute the opinion or advice of IC Markets or any form of personal or investment advice.
Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, are intended only to be informative, is not an advice nor a recommendation, nor research, or a record of our trading prices, or an offer of, or solicitation for a transaction in any financial instrument and thus should not be treated as such. The information provided does not involve any specific investment objectives, financial situation and needs of any specific person who may receive it. Please be aware, that past performance is not a reliable indicator of future performance and/or results. Past Performance or Forward-looking scenarios based upon the reasonable beliefs of the third-party provider are not a guarantee of future performance. Actual results may differ materially from those anticipated in forward-looking or past performance statements. IC Markets makes no representation or warranty and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast or any information supplied by any third-party.
GBPAUD Under Pressure! SELL!
My dear followers,
This is my opinion on the GBPAUD next move:
The asset is approaching an important pivot point 1.9288
Bias - Bearish
Safe Stop Loss - 1.9348
Technical Indicators: Supper Trend generates a clear short signal while Pivot Point HL is currently determining the overall Bearish trend of the market.
Goal - 1.9190
About Used Indicators:
For more efficient signals, super-trend is used in combination with other indicators like Pivot Points.
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WISH YOU ALL LUCK