GBPAUD,🔴It looks bearish🔴
By examining the GBPAUD 4-hour chart we can figure out the market structure shifted and the price had a bearish reaction to the bearish breaker block so the structure is bearish now, in addition, there is sell-side liquidity which is the smart money target.
Now the price can drop from here or it can test the bearish order block and then start the downtrend.
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🗓️16/02/2024
🔎 DYOR
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GBPAUD
GBPAUD Trading IdeaBased on Simple Technical Analysis ( Trendline + Support & Resistance )
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GBP/AUD BEARISH BIAS RIGHT NOW| SHORT
Hello,Friends!
Bearish trend on GBP/AUD, defined by the red colour of the last week candle combined with the fact the pair is overbought based on the BB upper band proximity, makes me expect a bearish rebound from the resistance line above and a retest of the local target below at 1.917.
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GBPAUD - 4hrs ( buy Trade Target Range 300 PIP )💵Pair Name GBP/AUD
Time Frame : 4 hrs
Scale Type : line chart + Candle Stick
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🔗 Key Technical / Direction ( Long ) Mid Term
Type : Mid Term Swing
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Bullish Reversal
1.93650 Area
Reasons
- Major Turn Level
- Fixed Range Poc
- Inner Trend Break
- Inner choch
- 3 Q High + Q High Break
Bearish Reversal
1.97500 Area
Reasons
- Major Turn level
- inner Choch
- Pattern Target
- Fibo Golden Zone
- Year High Area
GBPAUD - 4hrs ( Up + 150 PIP / Tp 3 ) Full TP 200 PIP ) Pair Name : GBP/AUD
Time Frame : 4hrs
Scale Type : Large Scale
Analysis Way : Volume + Classic + High & low + Market Map
Direction : Long
Educational
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⚡️ Account Growth = 15 %
💵Pip' Achieved = 150 PIP
GBPAUD Potential Short towards 1.9280GBPAUD shows a bullish structure in H4 with the price returning to test the supply zone. Here, the price could reverse towards 1.9280, where we find strong liquidity corresponding to a daily low on M15 and a swing low on H4.
Personally, I am waiting for a structural change on M15 to enter the market. I will keep you updated on the situation. Greetings from Nicola and have a good day everyone.
GBP AUD Buy setupIn this setup, we're eyeing a GBP/AUD buy opportunity based on Fibonacci retracement levels. After a significant uptrend, the pair retraced to key Fibonacci levels, indicating potential support. Combining this with other technical indicators, such as moving averages or trend lines, confirms our bullish bias. We'll enter the trade at the confluence of Fibonacci support and additional confirmation signals, aiming to ride the next leg of the uptrend for optimal profits.
GBPAUD data gatheringRejection block respected, liquidity taken after the break of structure from the early sellers trap, we have change of character which drove price slightly up to mitigate the immediate rejection block at 1.93800. The rejection block then got activated and now price is expected to make an internal sell side liquidity sweep. The highlighted order block at 1.94000 should be our decision point targeting 1.92400…
GBPAUD Potential Upsides Hey Traders, in today's trading session we are monitoring GBPAUD for a buying opportunity around 1.92600 zone, GBPAUD is trading in an uptrend and currently is in a correction phase in which it is approaching the trend at 1.92600 support and resistance area.
Trade safe, Joe.
GBPAUD - Bullish market structure ✅Hello traders!
‼️ This is my perspective on GBPAUD.
Technical analysis: Here we are in a bullish market structure from 4H timeframe perspective, so I am looking for a long. I want price to go a little bit lower to fulfill the imbalance and then to reject from bullish order block + institutional big figure 1.93000.
Fundamental news: Next week on Wednesday we'll see results of yearly CPI on GBP and on Thursday Unemployment Rate on AUD.
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GBP/AUD SHORT from 1.9429GBP/NZD has hit a line of recent resistance from last week and appears to be decling from this level.
This level coincides with the Pivot Point Supertrend SELL signal.
On the H2 time frame the RSI is well into over bought territory reading 76 and we're alos at the WM3 Pivot so all signs are that GBP/AUD BEARS will enter here and attempt to drive the price south.
With recent high close by we can get a tight 22 pip STOP on to protect the trade.
Target initially will be the WPP mid pivot at 1.9347 which is where the 200 EAM sits.
RBA Governor Bullock speaks at 22:30 GMT so we would need to get this trade to break even or +ve in case of anything BULLISH coming from the Governor as this would send AUD higher.
GBPAUD I Short from key level resistance and top of channelWelcome 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 | Daily | Trade IdeaAhead of tomorrow’s RBA Interest rate announcement I’ll be looking closely at GBPAUD, as we can see from the current GBPAUD chart from a top-down and a down-up perspective we can take note of the fact that after managing to break out of the downward retracement last month, GBPAUD mamaged to push steadily upward until reaching our 1.94150 area before “losing momentum” forming a consolidation which has lasted for the past few days from the 17th of January till today where it has been steadily trading sideways.
With the RBA Interest rate decision underway we can expect GBPAUD to finally choose a direction and breakout of the current consolidation, and from my analysis I can expect the GBPAUD to break in an upward/bullish direction pushing towards our 1.97xxx level hence I’ll be looking to hold my current GBPAUD (BUY) positions for now which haven’t yielded much results thus far.
Will be sharing more updates on GBPAUD towards the end of trading tomorrow or early Wednesday morning.
Please take note that this analysis is comprised solely of my personal opinions and outlook of the current market and should not be mistaken for financial advice or indication to enter into a particular trade, please confirm with your own analysis first before entering any trades based on the information from the current chart.