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Gbpaudanalysis

#GBP/AUD 1HThe **GBP/AUD** 1-hour chart is displaying a **channel pattern**, where price is moving between parallel support and resistance levels. This is indicative of a market in a range-bound state, with the price respecting both the upper (resistance) and lower (support) boundaries of the channel. ### Forecast: Sell When Touching Resistance In this scenario, the forecast is to initiate a **sell position** when the price reaches the upper boundary (resistance) of the channel. The key elements to consider for this setup are: 1. **Channel Structure**: The price is consistently oscillating between a well-defined resistance and support zone. The resistance level represents a strong selling zone where price struggles to break through. 2. **Trend and Momentum**: Momentum tends to weaken when the price approaches resistance, leading to reversals back toward the support line. This offers a potential short-selling opportunity. 3. **Risk Management**: A stop-loss order should be placed just above the resistance level in case of a breakout, while profit targets can be set near the lower boundary (support). It’s essential to confirm the sell signal by observing price action near resistance and looking for reversal patterns, such as bearish candlestick formations, or divergences in momentum indicators.
Short
by PIPSFIGHTER
#GBPAUD 1HOn the GBP/AUD 1-hour chart, the price is currently testing a channel resistance level. This resistance is part of a parallel channel where the price has been moving between support and resistance lines. The channel resistance marks an area where sellers typically emerge, halting further upward movement and pushing the price lower. Forecast: Sell A sell opportunity is anticipated as the price approaches the upper boundary of the channel. Traders may consider entering a short position if the price is rejected from this resistance line, with a potential downside move towards the channel's support level. It's crucial to wait for confirmation of rejection at the resistance before executing the trade to avoid false breakouts.
Short
by PIPSFIGHTER
GBPAUD I Potential long from channel bottom and future declineWelcome 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!Welcome back! Let me know your thoughts in the comments!
Long
by BKTradingAcademy
5
#GBPAUD 1HGBPAUD (British Pound / Australian Dollar) Timeframe: 1-Hour (1H) Pattern: Falling Wedge / Support A falling wedge pattern has been identified on the 1-hour chart of GBPAUD. This bullish reversal pattern is formed by two converging downward-sloping trendlines, where price action makes lower highs and lower lows. The decreasing volatility within the wedge signals that bearish momentum is weakening, setting up for a potential breakout to the upside. Additionally, the price is currently approaching a key support level, strengthening the probability of a bounce and upward reversal. Forecast: Buy Given the falling wedge pattern and the presence of support, a buying opportunity is forecasted. The pair is likely to break out of the wedge to the upside, and the support level provides a strong foundation for a bullish move. Technical Outlook: Support Level: The lower boundary of the falling wedge, acting as a critical level for potential bounce or reversal. Resistance Level: The upper boundary of the wedge, which may serve as a target for upward price movement. Key Levels to Watch: A breakout above the upper trendline of the wedge would confirm the bullish outlook, potentially leading to further gains. Traders should look for confirmation through bullish candlestick patterns or increased buying volume near the support level to validate the entry. Keep an eye on economic factors affecting both the British Pound and Australian Dollar, as shifts in monetary policy or commodity prices could impact price action in this pair.
Long
by PIPSFIGHTER
1
GBP/AUD Long Term buying Trading IdeaHello Traders In This Chart GBP/AUD 4 HOURLY Forex Forecast By FOREX PLANET today GBP/AUD analysis 👆 🟢This Chart includes_ (GBP/AUD market update) 🟢What is The Next Opportunity on GBP/AUD Market 🟢how to Enter to the Valid Entry With Assurance Profit This CHART is For Trader's that Want to Improve Their Technical Analysis Skills and Their Trading By Understanding How To Analyze The Market Using Multiple Timeframes and Understanding The Bigger Picture on the Charts
Long
by ForexMasters2000
#GBPAUD 4HGBPAUD 4H Chart Analysis: Trendline Breakout and Retest On the 4-hour chart of GBPAUD, we have observed a trendline breakout followed by a successful retest of the previous resistance, now acting as support. This pattern is a strong indicator of bullish momentum and suggests a potential buy opportunity. With the retest confirming the strength of the breakout, this presents a good entry point for buyers. A continuation to the upside is expected as long as the price holds above the trendline support. Strategy: - Enter a buy position after confirming the retest. - Set initial profit targets at key resistance levels above the breakout point. - Use the retested trendline as a stop-loss area to manage risk.
Long
by PIPSFIGHTER
GBPAUD - Look for Continuation Long (SWING) 1:6!Price is currently consolidating and forming a symmetrical triangle on the HTF. The price action indicates a failure to create a new low, respecting the HTF bullish trendline. However, this could change when the US Session opens, with a possible breakout influenced by the PMI USD news. Disclaimer: This is simply my personal technical analysis, and you're free to consider it as a reference or disregard it. No obligation! Emphasizing the importance of proper risk management—it can make a significant difference. Wishing you a successful and happy trading experience!
Long
by S-Fx_
5
#GBPAUD 4HGBP/AUD 4H Analysis: Sell Opportunity Pattern Overview: The GBP/AUD currency pair is currently exhibiting a clear downtrend on the 4-hour chart. This downtrend is characterized by a series of lower highs and lower lows, indicating sustained bearish momentum. Technical Indicators: Trend Analysis: The overall trend is downward, with recent price action consistently making lower peaks and troughs. Support and Resistance: Key resistance levels are holding firm, while support levels have been broken, reinforcing the bearish outlook. Moving Averages: Short-term moving averages are positioned below longer-term moving averages, confirming the downtrend. Sell Opportunity: Given the established downtrend, the market conditions suggest a strong sell opportunity. Traders should look for confirmation signals such as: Breakout Points: A break below recent support levels can offer additional confirmation. Momentum Indicators: Indicators like the RSI or MACD showing bearish signals can strengthen the sell thesis. Forecast: Based on the current analysis, the forecast leans towards further declines in the GBP/AUD pair. Traders should consider entering sell positions with appropriate risk management strategies, including stop-loss orders to mitigate potential reversals. Summary: The 4-hour chart for GBP/AUD suggests a continuation of the downtrend. With a pattern of lower highs and lows, and resistance holding firm, there is a compelling sell opportunity. Monitor for confirmation signals to optimize entry points and manage risk effectively.
Short
by PIPSFIGHTER
GBPAUD - Look for Continuation Long (SWING) 1:4!The price is showing a strong bullish trend with a clear HH and HL structure, currently retesting the HTF trendline before potentially continuing to the next Supply Zone. With a RBR pattern serving as confirmation, the next Demand Zone holds high potential for the price to take the order block and continue moving upwards. Let's see if the price can reach the target profit levels! Disclaimer: This is simply my personal technical analysis, and you're free to consider it as a reference or disregard it. No obligation! Emphasizing the importance of proper risk management—it can make a significant difference. Wishing you a successful and happy trading experience!
Long
by S-Fx_
12
GBPAUD longHere is why: - On the 3 month timeframe, price has formed mini higher highs indicating that price is headed upwards. My targets for this timeframe are 2.03700 - On the daily, if you zoom in on yesterday's candlestick, you can see that price broke a high. Moreover, 1.9650 is a very strong liquidity area. Price attempted to break that area but was unable. We see that Monday's candle collected some orders to push higher but they were not enough to take the pair further. Hence, why we see this sudden rush of bearish momentum. - Price is currently looking for areas to collect orders from and I spectate that it will do that at the 1.9450 region (which is a weekly level and a major 4 hour liquidity level) - I am sitting on my hands as I wait for a bullish setup before I enter the markets
Long
by allan_mwenja2000
1