GBPAUD
GBPAUD 4H Double topThe price of GBPAUD has formed a potential double top on the 4H Chart
Additional confluences:
- The pattern is happening at a strong reisstance range created from multiple previous low points in the price
- The 2 tops are showing rejection from the 0.618 Fib level
- The MACD has formed a bearish cross around the middle of the formation of the double top chart pattern
GBPAUD Will Go Higher! Buy!
Take a look at our analysis for GBPAUD.
Time Frame: 2h
Current Trend: Bullish
Sentiment: Oversold (based on 7-period RSI)
Forecast: Bullish
The market is testing a major horizontal structure 1.897.
Taking into consideration the structure & trend analysis, I believe that the market will reach 1.907 level soon.
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 🇦🇺 - Rising or falling? A breakthrough will determGBPAUD is forging a consolidation as market participants try to decide on the potential. The level of 1.9015 is an important zone for the participants. Overcoming the boundary of the consolidation range will form an entry point for price movement in one or another direction
Consolidation can lead to both ups and downs:
1) The market is testing a strong resistance level at 1.90150.
2) Consolidation is formed directly at the level of 1.90150.
3) Range boundaries are formed, the break of which will determine the further direction
4) Break of the support at 1.8939 - decline
5) Break of resistance 1.903 - growth
GBPAUD H4 | Falling to 23.6% Fibo supportGBP/AUD is falling towards a pullback support and could potentially bounce off this level to rise towards our take-profit target.
Entry: 1.89459
Why we like it:
There is a pullback support that aligns close to the 23.6% Fibonacci retracement level
Stop Loss: 1.88988
Why we like it:
There is a pullback support level
Take Profit: 1.90679
Why we like it:
There is a pullback resistance level
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⚡️GBPAUD CMC TRADING ⚡️ LQ GRAB & CHOCHGBPAUD has recently seized liquidity above the prior higher high, resulting in a Change of Character (ChoCh) currently nested within the Fast Vertical Gaps (FVG) and Order Block (OB) responsible for the ChoCh on the 1-hour timeframe. Anticipating a downward momentum, we expect a continuation of the bearish trend towards the recent swing low.
GBPAUD 115 pips short+
1.) weekly structure bearish
2.) daily major trendline
3.) daily divergence
4.) no bullish momentum on daily tf
5.) daily fib. level (0.618)
6.) changed 4h orderflow bearish
7.) building 4h liq.
-
1.) 4h divergence against us
2.) gbp news 15:15 BOE (in 2hours)
overall a good solid trade but with news it can be tricky
✅GBP_AUD NEXT MOVE|SHORT🔥
✅GBP_AUD has reached a supply level of 1.9050
So according to our strategy
We will be looking for the signs of the reversal in the trend
To jump onto the bearish bandwagon just on time to get the best
Risk reward ratio for us
SHORT🔥
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Short GBPAUD...GBPAUD had a nice pullback to the broken channel and has chance to goes down again.
British pound is under pressure of uncertainty in economy and can weak against other currencies.
Trade safe.
Good luck.
GBPAUD - 12hrs ( Sell Trade Target Range 350 PIP ) 💵Pair Name : GBP/AUD
Time Frame : 12hrs 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
1.90000 Area
Reasons
- Major Turn level / M
- Visible range Hvn Area
- Fixed Range poc
- Pattern Retest
- Choch Area
☑️Bullish Reversal
1.86000 Area
Reasons
- Major Turn level
- Visible Range Value
- Pattern Target
- Inner Choch
- Fibo Golden
GBPAUD My Opinion! SELL!
My dear subscribers,
This is my opinion on the GBPAUD next move:
The instrument tests an important psychological level 1.8983
Bias - Bearish
Technical Indicators: Supper Trend gives a precise Bearish signal, while Pivot Point HL predicts price changes and potential reversals in the market.
Target - 1.8841
My Stop Loss - 1.9062
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
GBP-AUD Bearish Bias! Sell!
Hello,Traders!
GBP-AUD is going up now
And the resistance is
Ahead at 1.9029 from
Where I will be expecting
A local bearish correction
Sell!
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Check out other forecasts below too!
Navigating GBPAUD's downtrendIn the upcoming trading session, our focus is squarely on GBPAUD as we explore a potential selling opportunity around the 1.90800 zone. GBPAUD, entrenched in a downtrend, is presently navigating a correction phase, drawing closer to the trend at the crucial 1.90800 support and resistance juncture.
As we delve into this analysis, it's essential to consider the broader market dynamics. The prevailing downtrend in GBPAUD aligns with our anticipation of AUD strength. This expectation stems from the bullish bias observed in indices like NASDAQ, where positive correlations between stocks and the Australian Dollar (AUD) often influence currency movements. Consequently, traders should keep a watchful eye on this interplay as they strategize their positions in the GBPAUD pair.
Trade safe,
Joe.
GBPAUD Will Go Higher! Buy!
Please, check our technical outlook for GBPAUD.
Time Frame: 1D
Current Trend: Bullish
Sentiment: Oversold (based on 7-period RSI)
Forecast: Bullish
The price is testing a key support 1.870.
Current market trend & oversold RSI makes me think that buyers will push the price. I will anticipate a bullish movement at least to 1.897 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.
Like and subscribe and comment my ideas if you enjoy them!
GBP/AUD Sell signal AnalysisHello Traders, On GBP/AUD price retraced to the IRL which is the weekly FVG, indicating potential bearish movement toward the ERL at 1.8588. However, I'll wait for a clear shift in market structure on the 4 hour chart before considering a trade, aiming to enter during the second phase of the distribution pattern to reach the target.
Interesting level to watch for GbpAud and GbpNzdHello fellow traders , my regular and new friends!
Welcome and thanks for dropping by my post.
Let's see how things play out at this key daily level turned Resistance.
Do check out my stream video for the week to have more explanation in place.
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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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GBPAUD TO JUNE 2023 LOWSWe see a huge bearish factor as price retraces to the resistance zone and the 800EMA, an 800EMA rejection especially on the weekly is a huge factor, as this is projected we expect price to get to Trend Line 1.85013.
GBPAUD Will Move Lower! Short!
Please, check our technical outlook for GBPAUD.
Time Frame: 1D
Current Trend: Bearish
Sentiment: Overbought (based on 7-period RSI)
Forecast: Bearish
The market is approaching a key horizontal level 1.892.
Considering the today's price action, probabilities will be high to see a movement to 1.870.
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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GBPAUD - Short active ✅Hello traders!
‼️ This is my perspective on GBPAUD.
Technical analysis: Here we are in a bearish market structure from 4H. timeframe perspective, so I am looking for short. I expect bearish price action from here as price filled the imbalance and rejected from bearish order block + institutional big figure 1.90000.
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GBPAUD : Short Trade , 4hHello traders, we want to check the GBPAUD chart. The general trend of the price is downward, and after the price was able to break down the range area, it has bounced back to this area again. We expect the price to continue its downward trend and the price will fall to around 1.85600. Good luck.
GBPAUD I Rejecting Monthly/Daily Reversal Zone - Short!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 - Follow The Trend ↘️Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst.
📉 GBPAUD has been overall bearish trading below the red trendline, and it is currently retesting it.
Moreover, the zone 1.9 is a robust resistance.
🏹 So the highlighted red circle is a strong area to look for sell setups as it is the intersection of the resistance zone in green and red trendline acting as a non-horizontal resistance.
📚 As per my trading style:
As GBPAUD approaches the red circle zone, I will be looking for bearish reversal setups (like a double top pattern, trendline break , and so on...)
📚 Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich
