Potential GBP/AUD Sell Trend Continuation Opportunity. I will be looking to take a sell trade from around the 1.91000 level expecting a trend continuation looking for price to fall into 1.86500 level over the next few weeks.
From a technical perspective a long term trendline has been broken on the Daily / Weekly timeframe.
The market is bearish on the monthly timeframe.
A stop loss above 1.92000 would seem to be a great protective area with a strong level of resistance formed on the 4HR timeframe.
GBPAUD
GBP/AUD Confirmed Inverted H&S Pattern , Second Entry Valid Now 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.
GBPAUD Technical Analysis! SELL!
My dear followers,
This is my opinion on the GBPAUD next move:
The asset is approaching an important pivot point 1.9037
Bias - Bearish
Technical Indicators: Supper Trend generates a clear short signal while Pivot Point HL is currently determining the overall Bearish trend of the market.
Goal - 1.0899
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
GBPAUD Is Very Bearish! Short!
Here is our detailed technical review for GBPAUD.
Time Frame: 8h
Current Trend: Bearish
Sentiment: Overbought (based on 7-period RSI)
Forecast: Bearish
The market is testing a major horizontal structure 1.895.
Taking into consideration the structure & trend analysis, I believe that the market will reach 1.881 level soon.
P.S
The term oversold refers to a condition where an asset has traded lower in price and has the potential for a price bounce.
Overbought refers to market scenarios where the instrument is traded considerably higher than its fair value. Overvaluation is caused by market sentiments when there is positive news.
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GBP-AUD Will Keep Falling! Sell!
Hello,Traders!
GBP-AUD is trading in a
Downtrend and the pair
Is making a pullback from
The horizontal resistance
Of 1.905 and we will
Be expecting a further
Move down and a retest
Of the support level below
At around 1.891
Sell!
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Check out other forecasts below too!
GBP/AUD First Entry +100 Pips 0 Drawdown, Second Entry Valid !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.
GBPAUD iin the box right now, but could be interesting later onEASYMARKETS:GBPAUD
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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. easyMarkets 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 1H Long Trade - 1:6 RRRSL: 1.89085
TP: 1.93120
In this trading strategy, we present a compelling opportunity for a long position on the GBPAUD currency pair, focusing on the 1-hour timeframe. By incorporating key technical indicators such as the Exponential Moving Average (EMA) 200, Moving Average Convergence Divergence (MACD) for trend analysis, and Supertrend for entry signals, traders can aim to achieve a favorable risk-to-reward ratio of 1:6.
Indicators:
EMA200: The EMA200 serves as a critical indicator of the long-term trend direction.
MACD Trend: The MACD indicator helps traders assess the strength and direction of the trend.
Supertrend: The Supertrend indicator acts as a reliable tool for identifying entry points in alignment with the prevailing trend.
GBPAUD - Look for a short ✅Hello traders!
‼️ This is my perspective on GBPAUD.
Technical analysis: Here we are in a bearish market structure from daily timeframe perspective, so I look for a short. I expect price to continue the retracement and then to reject from trendline + liquidity zone + FIBO 0.5.
Fundamental news: Tomorrow (GMT+3) we will see results of Unemployment Rate on AUD, news with high impact on currency.
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GBPAUD Short Term Sell IdeaH1 - Bearish trend pattern followed by a flat correction in the form of a range.
A valid breakout below the bottom of the range would be the validation for this short term bearish view.
Alternatively if we get a valid breakout above the top of this range then this bearish view will be invalidated.
GBP/AUD Made Inverted H&S Pattern , Long Setup Very Soon !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.
#GBPAUD: 500-800+ Buying Opportunities| Do not miss out| Dear Traders,
GBPAUD is in process of repeating the same pattern that is has made, price currently in form of making strong bullish impulse however, based on how previously moved and behaved suggest that price can drop to our safest zone and entry number 2 from where we can take swing buy. However, with the first entry we can expect price to continue the bullish momentum.
Good Luck Trading.
GBPAUD - Short position from trendline ✅Hello traders!
‼️ This is my perspective on GBPAUD.
Technical analysis: Here we are in a bearish market structure from 4H timeframe perspective, so I look for a short. I expect price to make a retracement to fill the imbalance and then to reject from bearish order block + trendline.
Fundamental news: Next week on Thursday(GMT+3) we will see results of Unemployment Rate on AUD, news with high impact on currency.
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Strifor || GBPUSD-09/05/2024Preferred direction: BUY
Comment: Despite the fact that the British currency is currently one of the weakest among the majors, we still adhere to buy-priority against the US dollar. Today, one of the most important events of this week will take place, namely the meeting of the Bank of England . The number of participants with short positions is dominant, which in turn is the “fuel” for the upward movement.
Two main scenarios are presented before you on the chart. Most likely, at the time the interest rate is announced or after, there will be a slight drop and then an increase towards the specified target at the level of 1.26000.
Additional comments on this trade will be provided as situation changes. Follow us!
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GBPAUD - 4hrs ( Sell Trade Target Range 360 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 important 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 Retest
1.89700 Area
Reasons
- Major Turn level / M
- Channel Retest
- Triangle Break
- Day + week low Break
- Quarter's Area
- Choch Zone
- Fibo Golden
Bullish Reversal
1.85900 Area
Reasons
- Major Turn level / D
- Pattern Target
- 3 Quarter low
- Quarter low
- Choch
- Main Support Area
- Visible Range Hvn
Double zigzag pattern bearish scenarioEsteemed analysts and traders,
I hope this correspondence finds you in good health and high spirits, prepared to tackle the upcoming week with renewed energy. I extend my best wishes for your continued success in all your business endeavors. It is worth noting that success in trading is largely dependent on the consistent definition and adherence to one's own rules.
As a supporter of the Elliott Wave Principle, I consider this methodology an invaluable tool for market analysis. After three years of personal experience, I have developed my approach by combining this principle with meticulous consideration of different market scenarios. I strive to avoid market surprises by maintaining a range of market prospects, which enables me to recognize the market structure forming with 100% accuracy.
I am pleased to share my analysis with you, with the caveat that I do not provide buy or sell signals. My perspective on idea analysis is entirely impartial, and if my analysis meets your standards, it may serve as a guide to making an informed decision.
For your reference and comparison, I have attached my previous analysis of the same market. All the details of my analysis are clearly labeled for ease of comprehension. Nonetheless, familiarity with the Elliott Wave Principle theory would facilitate an understanding of the analytical idea.
My study of the Elliott Wave Principle took nearly three years, during which my understanding and experience with this invaluable tool have grown. My progress thus far is a testament to the legacy of Ralph Nelson Eliot, whose genius has provided the foundation for my achievements. May he rest in peace.
I express my gratitude for your continued support and kindness, and welcome your comments and critiques.
May my analysis be a valuable asset to your business journey, and I remain sincerely yours,
Mr. Nobody