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GBPAUD

GBPAUD Long structure with entry point!On GBPAUD, I've identified an interesting long setup. The price could potentially move from 1.9780 to 2.02 without apparent obstacles. My idea is to open a long position on this currency pair. Currently, the price is in a zone that we could define as "hot," as it's situated between a demand zone and a supply zone. Within this same zone, the market has generated an Optimal Entry Point (POI), which I've identified through confirmation from candlestick charts on the 1-hour and 15-minute timeframes, along with the Volume Profile Point of Control. At the level 1.9780 in fact we can enter with a long trade or we can enter at 1.97 where we have a forex48 block. Waiting always double confirmations on M15! This signal further strengthens the hypothesis of a long entry. In addition to the opportunity described above, thanks to my "Forex48 block" strategy, I've identified another possible entry area for a long trade, positioned at the level of 1.9690. I'd be interested to know your opinion on this situation. I invite you to comment and leave a like to support our work. Warm regards from me, Nicola, CEO of Forex48 Trading Academy.
Long
by Forex48_TradingAcademy
1
GBPAUD Trading Opportunity! SELL! My dear subscribers, This is my opinion on the GBPAUD next move: The instrument tests an important psychological level 1.9869 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 - 1.9627 My Stop Loss - 1.9993 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. ——————————— WISH YOU ALL LUCK
Short
by AnabelSignals
5
GBPAUD I Potential pin bad & considerationsWelcome 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!
Short
by BKTradingAcademy
15
GBPAUD Two possible Long entries!On GBPAUD, I've identified an interesting long setup. The price could potentially move from 1.9780 to 2.02 without apparent obstacles. My idea is to open a long position on this currency pair. Currently, the price is in a zone that we could define as "hot," as it's situated between a demand zone and a supply zone. Within this same zone, the market has generated an Optimal Entry Point (POI), which I've identified through confirmation from candlestick charts on the 1-hour and 15-minute timeframes, along with the Volume Profile Point of Control. This signal further strengthens the hypothesis of a long entry. In addition to the opportunity described above, thanks to my "Forex48 block" strategy, I've identified another possible entry area for a long trade, positioned at the level of 1.9690. I'd be interested to know your opinion on this situation. I invite you to comment and leave a like to support our work. Warm regards from me, Nicola, CEO of Forex48 Trading Academy.
Long
by Forex48_TradingAcademy
1
AUDUSD – oversold but following China When trading the AUD you’re essentially expressing a view on China. USDCNH has been on a one-way tear of late and has weighed on AUDUSD, reflecting poor China economics, concerns of a credit event, but also the comparative returns seen in US Treasuries (over China bonds). We’ve seen underperformance in Chinese equity and industrial metals. The AUDUSD daily suggests the double top target of 0.6300 over the medium-term, and as we see in the price action, rallies have been savaged. It will take a while to get there, and the move will not be linear. For now, I see modest upside risk as shorts possibly cover given the PBoC has just announced a sizeable liquidity injection into the interbank market – but I would look to flip short into 0.6480. GBPAUD, EURAUD and AUDCHF have also been huge trades of late, and I would be taking some off the table to assess how headlines around China's fiscal stimulus play out. Idea - Chris Weston
Short
by Pepperstone
GBPAUD Bullish structure with a FVG point!On GBP/AUD, we have a bullish setup with the price at the level of 1.9546 at the time of writing this analysis. During the ascent, the market left behind a significant area of inefficiency, a zone that will need to be filled one way or another. Therefore, I anticipate a price retracement to the level of 1.9456, which is a descent of over 80 pips from its current position. In that area, we have a Hidden Bullish Divergence on the H1 timeframe, a zone where a price reversal could occur. However, a double confirmation on the M15 timeframe would be necessary before considering a long entry with a target at the level of 1.9620. Let me know your thoughts, comment, and leave a like to support our work. Happy trading to all.
Long
by Forex48_TradingAcademy
2
GBPAUD → The start of correction within the up-trend is possibleFX:GBPAUD continues to strengthen within the framework of the uptrend. The price updates the local maximum and continues to seek trend resistance The currency pair may make a correction against the resistance of the ascending channel. The price may reach the upper boundary of the ascending range and form a false breakout or other traps for players. Price consolidation or a reversal setup below the ascending line can be a signal to start a correction. If a correction is formed, the market will have the potential to decline to 1.95613 and even to 1.93924 Moving averages indicate a strong bullish trend. Support levels: 1.95613, 1.93924 Resistance levels: 1.96200, trend resistance I expect growth up to the upper boundary of the trend with the subsequent rebound and formation of correction to the support Regards R. Linda!
Short
by RLinda
11
GBPAUD Trading IdeaBased on Simple Technical Analysis ( Trendline + Support & Resistance ) Risk Disclaimer: Please be advised that I am not telling anyone how to spend or invest their money. Take all of my analysis as my own opinion, as entertainment, and at your own risk. I assume no responsibility or liability for any errors or omissions in the content of this page, and they are for educational purposes only. Any action you take on the information in these analysis is strictly at your own risk. There is a very high degree of risk involved in trading. Past results are not indicative of future returns. Good luck :-)
Short
by ShahedZare
GBP/AUD Long structure with entry point!Good morning traders. I was taking a look at GBP/AUD after the recent increase in GDP data, and it seems that the pound is gearing up for a strong rally. In my view, I foresee a slight retracement around 1.9460 where we have a confluence at H1, an intersection between two trendlines, and a demand zone – three clear signals for a long entry. Of course, everything needs to be contextualized, and the right confirmations should be awaited before entering long. Comment below and leave a like. Greetings from Nicola, CEO of Forex48 Trading Academy.
Long
by Forex48_TradingAcademy
3
AUD breakout traders – look to the yuan for inspirationAs is typically the way in FX trading the breakout traders see a set-up on the higher timeframes and either the market uses these levels to fade the move, or the breakout fails to gain traction and ultimately reverses. Those seasoned traders who use breakouts for trade entry – often momentum and trend-followers – know the percentage of breakouts that lead to trending conditions is typically low. It is why they target ‘outlier’ moves within a distribution and subscribe to the view that the win/loss ratio is not a major concern. The strategy will typically run win rates of 30-40% but will focus more on the reward-to-risk trade-off. Extracting as much profit from each trade is where they make their money and that is where the science of holding positions kicks in. We may end up with many small losing positions, but when we win it is ideally a 5 to 10R. Holding, as I say, is key and that is never easy – it is why having a rules-based strategy can pay dividends. When the market breaks out and goes on a run you must know when to hold and when to fold. Granted, FX markets have a higher propensity to revert to a mean than commodities or equity indices, but the AUD screams out as currently fitting this dynamic. Notably, EURAUD, AUDUSD, AUDCHF and GBPAUD screened on the breakout radar yesterday, but have since failed to follow through with the move. China is at the heart of the AUD recent moves. USDCNH has always been a strong guide for me on AUD flows, and while I have been of the view that weaker external demand needs a weaker currency – the PBoC is doing the utmost to push back on the yuan weakness, with consistently stronger yuan ‘fixings’ (seen each day at 11:15 AEST). As a driver, we’ve seen a slightly better China CPI print today at -0.3% and USDCNH has sold off, in turn, this has lifted the AUD. The statistical correlation between AUD and CNH has broken down of late, but for those trading AUDUSD or the AUD crosses through Asia, the influence of the yuan is still incredibly significant. Tactically, if we are to see an upside break of 7.2500 (in USDCNH) I’d have far higher conviction we’ll see a closing breakout in these AUD pairs. Patience is always our best friend in trading, especially when using leverage, as we need to nail our entries – so having the set-ups on the radar and waiting for the market flow to push a trade is prudent. One could say we’re at peak negative sentiment towards China, and next week’s China economic data (industrial production, retail sales, fixed asset investment) is likely to see a more pronounced positive reaction to a beat than a negative one to a miss. That is a risk to manage, but if the AUD kicks lower in these pairs it could be meaningful and certainly be welcomed by those that like to trade continuations.
Short
by Pepperstone