GBPAUD:🔴Possible bearish scenarios...!🔴(Details on caption)
Well, By checking the GBPAUD daily chart, we can see the price grabbed the buy side liquidity then had a bearish reaction, and activated the bearish daily breaker block.
Then to see more details we should check the 1 Hour chart. In 1 hour chart there are two bearish scenarios.
The first one is, that the price takes the liquidity above 1.939 and then falls to sell-side liquidity.
The second scenario is, that the price has a more retracement. In this scenario, the price may move higher to collect the liquidity above the liquidity pool(1.9445) and then start a downward move from OTE.
💡Wait for the update!
🗓️12/03/2024
🔎 DYOR
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GBPAUD
GBPAUD Sellers In Panic! BUY!
My dear followers,
This is my opinion on the GBPAUD next move:
The asset is approaching an important pivot point 1.9315
Bias - Bullish
Safe Stop Loss - 1.9282
Technical Indicators: Supper Trend generates a clear long signal while Pivot Point HL is currently determining the overall Bullish trend of the market.
Goal - 1.9382
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 Bullish! Buy!
Take a look at our analysis for GBPAUD.
Time Frame: 4h
Current Trend: Bullish
Sentiment: Oversold (based on 7-period RSI)
Forecast: Bullish
The market is approaching a significant support area 1.931.
The underlined horizontal cluster clearly indicates a highly probable bullish movement with target 1.937 level.
P.S
Please, note that an oversold/overbought condition can last for a long time, and therefore being oversold/overbought doesn't mean a price rally will come soon, or at all.
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GBPAUD: Bullish Continuation & Long Trade
GBPAUD
- Classic bullish setup
- Our team expects bullish continuation
SUGGESTED TRADE:
Swing Trade
Long GBPAUD
Entry Point - 1.9354
Stop Loss - 1.9313
Take Profit - 1.9444
Our Risk - 1%
Start protection of your profits from lower levels
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GBP/AUD turning BULLISH - LONG trade from 1.9305The technicals are suggesting that GBP/AUD may be headed north.
Yesterday the price the price bounced off WS1 support and we've seen GBP/AUD BEARS push the price back down to this level earlier today where BUYERS have again pushed the price away from this level. Its possible that we may see GBP/AUD BEARS attempt to push the price back to WS1 but other technicals suggest that the BULLS are ascerting control.
RSI was reading under 30 2 hours ago and is now 33.75 and the MACD fast MA is on the verge of crossing the slow MA and these MA's are increasing in value.
The Andean Oscillator green BUY line was zero but in the last 2 hours we've seen this rise and is now reading .00052. This would suggest an increase in BULLISH activity.
We have a W-Bottom candle pattern being carved out with the touches on WS1 and these touches also lie in a support channel.
Its possible that GBP/AUD BEARS haven't finished with this pair but GBP/USD has been very BULLISH this morning so ther's been some significant GBP buying around.
Today is, of course, the big one.
Its N.F.P. Friday so all bets are off as to where the market is headed.
If this trade is still alive in 2 hours and 15 minutes and in + pips then I'll move the STOP to break even but if the trade hasn't gone anywhere (which is likely) then I'll exit and see where we are an hour or two after the N.F.P. numbers are released.
GBPAUD back in play for the short to fill the HTF gap.Glossary:
VA – Value Area
Liq.P – Liquidity Point
PiPo – Pivot Point
BO – Break-Out
H1 – Hourly Time-frame
M15 – 15min Time-frame
LTF – Lower Time-frame
HTF – Higher Time-frame
Magenta horizontal Ray – Area of Interest
Magenta rectangle – Gap / Area of Significance
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After tapping into the previous swing high and a strong impulsive move to the downside, price formed
two smaller consolidations before starting to form a larger bear-flag.
Waiting for a retest of the small Liq.P, finishing the bear-flag and a push down to the VA to fill the HTF Gap.
GBPAUD - potencial for more upside Looking at the GBPAUD pair, we can observe a sharp decline in GBP during today's session, supported by a strong AUD and weaker GBP. However, our stance remains unchanged; we anticipate GBP strengthening in the next few sessions. Consequently, we've entered a long position at 1.93800. Our stop loss is set at around 1.93300, representing a loss of 50 pips or 0.3%, while our target is 1.96600, indicating a potential gain of 260 pips or 1.3%. On the 4th and 5th of March, the price printed a higher high, signaling a robust upward trend and breaking the previous resistance from the 13th of February.
It is important to note that this analysis is based on historical patterns and technical indicators and should not be construed as financial advice. Individual traders should conduct their own research and consider their risk tolerance before making any trading decisions.
GBPAUD I Correction and more decline Welcome 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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Potential GBP/AUD LONG tradeGBP/AUD has sold off agressively since late Tuesday and now the BEARS are reaching exhaustion.
On H1 the RSI is reading 17.19 so we are well into oversold territory.
MACD is also weakening as the fast MA is poised to move above the slow MA which would be a sign that GBP/AUD BULLS are entering the market.
However.
WS1 pivot sits 14 pips under the current price (1.9307) and its likely that GBP/AUD BEARS will endevour to have one final push to hit this support level.
I'm waiting to see if this happens but its not guaranteed.
The Andean Oscillator will be the key.
We should see the green BUY line start to move away from zero and at the same time we will see the red SELL line start to meet the signal line south and eventually cross.
The last H1 candle was a doji which is an indecision candle (not a reversal candle as is commonly believed - it may well turn out to be one but that would depend on subsequent candles).
An indecision candle confirms a battle between the BULLS and the BEARS.
My guess is we are defintely headed higher, it just aquestion of when.
I'll update this post if we get a confirmed BUY signal.
GBPAUD OUTLOOK & TRADE IDEA | 1h The first buy are is quite risky because there was no major inducement but it's still a pretty valid area to look for some buys.
The second one would be pretty safe because excluding the overextenstion there would also be a major inducement.
The target would be the low resistance liquidity are which is also a imbalance curve.
Share your view in the comments!
GBPAUD I Intraday long opportunity Welcome 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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GBPAUD: Your Trading Plan Explained 🇬🇧🇦🇺
GBPAUD broke and closed above a key horizontal resistance yesterday.
The price is retesting a broken structure at the moment.
To buy the pair with a confirmation, watch a bullish flag pattern on an hourly time frame.
Bullish breakout of the resistance of the flag will give you a strong buy signal.
A bullish continuation will be anticipated then at least to 1.9562
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GBPAUD: Bearish Continuation & Short Trade
GBPAUD
- Classic bearish formation
- Our team expects fall
SUGGESTED TRADE:
Swing Trade
Sell GBPAUD
Entry Level - 1.9462
Sl - 1.9511
Tp - 1.9364
Our Risk - 1%
Start protection of your profits from lower levels
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GBP/AUD SHORT FROM RESISTANCE
Hello,Friends!
GBP-AUD uptrend evident from the last 1W green candle makes short trades more risky, but the current set-up targeting 1.935 area still presents a good opportunity for us to sell the pair because the resistance line is nearby and the BB upper band is close which indicates the overbought state of the GBP/AUD pair.
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Alikze → GBPAUD | Upward wave 5 scenarioIn time D1, it is moving in an ascending channel. Due to the type of double corrective behavior at the bottom of the channel, a motivational wave has been encountered, which after the failure of the supply zone will have the ability to grow to the next supply zone after the failure of Fibo 61.8. In the 5th wave, there is a motivation, which will be the minimum growth of the previous ceiling, and if the 5th wave is extended, it will be able to extend to the specified areas.
🟩Sup: 0.2930
⛳️Tp 1:1.953
⛳️ Tp2 :1.9653~1.9775
⛳️ Tp3 : 2.039
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GBPAUD - Short after filling the imbalance ✅Hello traders!
‼️ This is my perspective on GBPAUD.
Technical analysis: After price broke the structure we can see lower lows and lower highs, so I will look for a short position. I want price to make a retracement to fill the imbalance higher and then to reject from bearish order block.
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GBPAUD Technical Analysis! BUY!My dear subscribers,
This is my opinion on the GBPAUD next move:
The instrument tests an important psychological level 1.9429
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 - 1.9469
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
GBPAUD Technical Analysis and Trade IdeaOn the higher time frame, the GBPAUD currency pair demonstrates a bullish trend, characterized by recent retracement movements that have brought it into an equilibrium zone.
Bullish Trend: The GBPAUD has been exhibiting a bullish bias, indicating strength in the British pound relative to the Australian dollar. This trend is evident over an extended period, suggesting potential further upside.
Retracement: Recent price action shows a retracement into an equilibrium zone, where a potential buy opportunity could present itself at around the 61.8% fibo level.
Disclaimer
This analysis provides a technical perspective on the GBPAUD currency pair. However, it is essential to emphasize that this information should not be construed as investment advice. Each trader’s risk tolerance, financial goals, and individual circumstances vary. Make informed decisions based on thorough research and a comprehensive assessment of all relevant factors.
GBPAUD I High probability short from resistanceWelcome 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.
Please support this idea with a LIKE and COMMENT if you find it useful and Click "Follow" on our profile if you'd like these trade ideas delivered straight to your email in the future.
Thanks for your continued support!