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GBPAUD

GBPAUD: Seizing Opportunities with the ABCD Harmonic PatternAs I analyzed the GBPAUD Forex market, I noticed a significant ABCD harmonic pattern forming on both the 1-hour and 4-hour candle charts. This pattern often indicates potential reversal points, and after careful consideration of other factors, I decided to take a sell position. My entry point was at 1.92475. The decision to enter at this level was based on the belief that the market was likely to reverse from its current upward trend and start a downward movement. By entering at this point, I aimed to capitalize on the potential downward movement that could follow the completion of the ABCD pattern. To manage the risk associated with the trade, I set my Stop Loss at 1.9400, which was the previous high from July 11. Placing the Stop Loss at this level allowed me to limit potential losses in case the market went against my expectations and continued its upward movement. Regarding the take-profit level, I anticipated the market to reach 1.87818 . This decision was based on technical analysis and previous support levels. I identified the previous low at 1.88568 as a critical support level. By setting my target just below this level at 1.87818, I aimed to capture potential profits as the market approached or broke through this support zone. However, it's important to acknowledge that trading involves inherent risks, and there are various factors that can influence the market, some of which might not have been accounted for in my analysis. Before taking any trade, it's crucial to conduct thorough research and analysis to ensure that the trade aligns with your own risk tolerance and trading strategy. As a trader, I always remind myself to stay cautious and constantly evaluate market conditions to make informed decisions. While the ABCD harmonic pattern and technical indicators presented a compelling case for a short position on GBPAUD, I remain vigilant and adaptable, ready to adjust my trade if market conditions change or unforeseen factors come into play.
Short
by nirajanghimirey
7
GBPAUD long bias monthly perspective from daily charthi, there is an uptrend on this asset. price swinging upper 0.61 fib extension level, thats nice cuz price now above the 0.61 fibonacci retracement of 3 years. thats sense bulls are on control. i think price will range at upper level at august which 1.95-2.00. if needs a demand i think the changed 1.9 level is will be work as key. it has a nice bullish candle from price. high volume level of the trend inside of trend is at 1.9 level. i ll looking for gbpaud's bullish signal this month.
Long
by firatbicer
GBPAUD Is Very Bullish! Buy! Please, check our technical outlook 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 1.931. Taking into consideration the structure & trend analysis, I believe that the market will reach 1.944 level soon. P.S We determine oversold/overbought condition with RSI indicator. When it drops below 30 - the market is considered to be oversold. When it bounces above 70 - the market is considered to be overbought. Like and subscribe and comment my ideas if you enjoy them!
Long
by SignalProvider
7
Time For GA To Fall..GBP/AUD - I believe it is time, the analysis is above, but if we are being honest, this looks like it will be a clear double top, by EOP on Monday, before RBA decide their interest rate within the Asia session on Tuesday, and I only see AUD growing stronger. Especially with all the tension surrounding the UK interest rate itself this week, I don't see the pound holding strong whatsoever, so I am short on that naturally. This however, I can see a potential 100+ pip play breaking out.
Short
by SJFXT
1
GBPAUD - Long from bullish order block ✅Hello traders! ‼️ This is my perspective on GBPAUD. Technical analysis: After the change of character here price started to make higher lows and higher highs, so I am looking for long position. I want price to make a retracement to fill the imbalance lower and then to reject from bullish order block + institutional big figure 1.91000. Fundamental analysis: Next week on Tuesday will be released Cash Rate on AUD, but on Thursday Bank Rate on GBP. These are important news, pay attention to the results in order to validate the analysis. Like, comment and subscribe to be in touch with my content!
Long
by Snick3rSD
2
GBPAUD Buy signal at the bottom of the Channel UpThe GBPAUD pair gave us an excellent buy signal last time we looked at it (see chart below) on May 9: The price remains within the 6 month Channel Up pattern and is currently rising after a Higher Low formation on the 1D MA50 (blue trend-line) early this week. This is a bullish signal, based on which we are targeting the 1.97300 Resistance. That would be a +4.65% rise from the bottom, which as this chart shows, has happened twice. If however the price breaks below the Channel Up, we will open a short when it breaches the 1D MA100 (green trend-line), which is holding as Support since March 03 2023, and target the 0.5 Fibonacci level at 1.83150. That will make also contact with the 1D MA200 (orange trend-line). An early sell signal will be when the 1D RSI breaks below the Higher Lows trend-line that is holding since March 07 2022. ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
by TradingShot
3
GBPAUD - Will We See This Pair Rise After CPI?Analysis: *THIS SETUP WAS SHARED IN OUR VIP GROUP YESTERDAY* Strong upwards trend (bullish confluence factor) Retest of a key level (bullish confluence factor) 50% fib retracement level touch (bullish confluence factor) Upwards trendline touch (bullish confluence factor) GBP 2nd strongest major currency (bullish confluence factor) AUD 3rd weakest major currency (bullish confluence factor) 24K long position increase for the GBP (bullish confluence factor) 5K long position decrease for the AUD (bullish confluence factor) Comment: We have a strong reasons to be bullish on this pair, hence why we are. The CPI figures coming out for the AUD could give us the catalyst we need for this pair to head higher. Please feel free to leave any comments you have and like this idea if you agree with us. Any feedback or comments will be read and responded to. We any comments at all so thank you! Stay Safe - The JPI Team Disclaimer: This does not constitute as financial advise. We are not responsible for any monetary loss that you endure. Trading is hard to be profitable with and we take losses just like everyone else does too. Our ideas won't always be correct which is why we urge you to always do your own analysis first before entering into the market but please feel free to use our analysis to assist you with yours.
Long
by jpeacockfx
6
GBP/AUDFast intraday search through my watchlist. You can follow the price with candle confirmation or whatever strategy you have. None of these are 100 %, complete confident analyses.. this market is all about probability .. so try to work on your risk management and self-control.. all the traders in the world can tell for sure what's going to happen or where the price is going in the next 1 hour. Ps. Leave your comment and thoughts. I posted this position a couple of days ago .. still valid.
Short
by Cryptosours
2
EURAUD I Long from bottom of the channelWelcome back! Let me know your thoughts in the comments! ** EURAUD 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!
Long
by BKTradingAcademy
32