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
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GBPAUD
GPPAUD, breakout from the range. GBPAUD / 1D
Greetings, traders! Welcome back to another market analysis.
The GBPAUDpair has been following a consolidation, with the price indicating signs of weakness. This breakout suggests the possibility of further down-movement. I intend to consider entering a position at higher prices following confirmation of the lower time frame during the next pull-back phase.
Trade safely,
Trader Leo
Pound to Australian Dollar: On the verge of falling off the top?OANDA:GBPAUD Pound to Australian Dollar: On the verge of falling off the top?
My analysis shows that the GBP/AUD pair is currently in a risk zone after its recent rally, with a possible downside from the 1.95000 area.
* Euro to Australian Dollar Correlation: There is a strong correlation between the Euro and the Australian Dollar.
My scenario:
* The GBP/AUD pair is expected to fall below the 1.93000 level in the short term.
* If this level is broken, we can see a further decline to the level of 1.90000.
Note: This analysis is not considered as investment advice. Be sure to do your research and consult with a financial professional before making any transactions.
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.
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GBP/AUD BEST PLACE TO SELL FROM|SHORT
Hello,Friends!
GBP/AUD is trending down which is evident from the red colour of the previous weekly candle. However, the price has locally surged into the overbought territory. Which can be told from its proximity to the BB upper band. Which presents a beautiful trend following opportunity for a short trade from the resistance line above towards the demand level of 1.925.
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GBPAUD - 4hrs ( Sell Trade After Retest Tp Range 120 PIP ) 💵Pair Name GBP/AUD
Time Frame : 4 hrs
Scale Type : line chart + Candle Stick
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🔗 Key Technical / Direction ( Short )
Type : Mid Term Swing
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Bearish Retest
1.94300 Area
Reasons
- Major Turn level
- Fixed Range Lvn
- Choch Area
- Turn Over Trend Line
Bullish Reversal
1.93000 Area
Reasons
- Trend Line
- Pattern Target
- Choch
- Day / w area
- Fibo Golden
GBPAUD to continue in the downward move?GBPAUD - 24h expiry
Price action has continued to range within a rectangle formation.
A lower correction is expected.
Risk/Reward would be poor to call a sell from current levels.
Preferred trade is to sell into rallies.
Bespoke resistance is located at 1.9385.
We look to Sell at 1.9385 (stop at 1.9425)
Our profit targets will be 1.9285 and 1.9265
Resistance: 1.9385 / 1.9435 / 1.9490
Support: 1.9285 / 1.9230 / 1.9175
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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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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!
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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.
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What do you see? #GBPAUDTake a look at the #GBPAUD chart. What do you see? As a trader, it's crucial to identify patterns and trends. My analysis shows potential for a bullish breakout after landing near the support level of 1.91750 . With potential targets at around 1.96500 . But what's your perspective? Let's talk.
GBPAUD Set To Fall! SELL!
My dear followers,
This is my opinion on the GBPAUD next move:
The asset is approaching an important pivot point 1.9466
Bias - Bearish
Safe Stop Loss - 1.9498
Technical Indicators: Supper Trend generates a clear short signal while Pivot Point HL is currently determining the overall Bearish trend of the market.
Goal - 1.9405
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 I Potential bounce from support, pullback, and declineWelcome back! Let me know your thoughts in the comments!
** GBPAUD Analysis - Listen to video!
We recommend that you keep this pair on your watchlist and enter when the entry criteria of your strategy is met.
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GBP/AUD BEARISH BIAS RIGHT NOW| SHORT
Hello,Friends!
GBP/AUD is making a bullish rebound on the 4H TF and is nearing the resistance line above while we are generally bearish biased on the pair due to our previous 1W candle analysis, thus making a trend-following short a good option for us with the target being the 1.939 level.
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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.