GBPAUD Potentially BullishFX:GBPAUD eventually broke out on the up side and is currently attempting a retest of the broken zone. If it holds as a new found support, a buy will be in order. I recommend the reversal patterns be fully formed before taking the position
Past results does not guarantee future results, do your due diligence
Gbpaudbuy
#GBPAUD: Reasonable target with 400 pips! Dear Traders,
gbpaud distribution phase ended last Friday, price currently recovery from heavy sell off. Our target is reasonable as GBP is likely to gain back its strength as the week progresses. After looking at the last few candles of 1 hour timeframe, it is clearly visible that bullish momentum is increasing and price can reach the target in short time.
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GBPAUD Technical Analysis And Trade IdeaDelving into the current dynamics of the GBPAUD currency pair, our analysis reveals a predominantly bullish market trend on higher time frames, notably the monthly and weekly charts. Focusing on the daily time frame, we are strategically seeking an entry point. Presently, the price has undergone a substantial swing and is in the process of retracement.
Our attention is fixed on identifying a retracement within the 50% to 61.8% Fibonacci retracement zone – our preferred entry area. The video meticulously dissects price action, market structure, and the overall trend, elucidating crucial elements of technical analysis.
Throughout this presentation, we embark on an in-depth exploration of pivotal aspects such as market structure, price action intricacies, trend dynamics, and other indispensable components of technical analysis. It's imperative to underscore that this content is intended for educational purposes. Nevertheless, it's essential to refrain from interpreting it as financial advice.
gbpaud buy signal. Don't forget about stop-loss.
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P.S. I personally will open entry if the price will show it according to my strategy.
Always make your analysis before a trade
GBPAUD Potentially BullishFX:GBPAUD has been been attempting to push higher creating some higher lows on the H4 TF. Are we going to see a continued push? That remains to be seen.
My Immediate support areas:
1) 1.91936
2) 1.90541
My immediate Resistance areas (Targets)
1) 1.94971
2) 1.97279
Disclaimer:
All trade ideas are given for educational purposes and should not be treated as an investment advice, hence do your due diligence. Past results does not guarantee future results
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GBPAUD expected to drop till trend support 1.8900GBPAUD pair is engaged in an upward trend, with a current trading price of 1.8990. However, it is worth noting that this price has experienced a decline since reaching a high of 1.9970.
As we analyze the market, we anticipate that the price will continue to decrease until it reaches the trend support level of 1.8900.
7 dimension analysis for GBPAUD
A contra trade setup
🕛 TOPDOWN Analysis - A Decade of Consolidation in Yearly Chart
Overview: The yearly market has been locked in a consolidation phase for the past decade. On the monthly chart, an internal bullish structure was established, achieving its target. However, a strong bearish engulfing candle signals a potential reversal. The weekly chart reveals a bullish structure, hinting at the need for a valid low following a substantial doji formation. Deep analysis of price action is essential.
😇 7 Dimension Analysis
Time Frame: Daily
1️⃣ Swing Structure: Bullish
🟢 Structure Behavior: Breakout from Sideways (BoS).
🟢 Swing Move: Corrective, nearly reaching deep OB.
🟢 Inducement: Approximately 78% correction, indicating a deep retracement.
🟢 Pull Back: Strong first correction.
🟢 Internal Structure: OB remains unmitigated.
🟢 Resistance & Trendline Breakout: Already confirmed. Watch out for traps, including extended market and V-shape formations. No breakout or follow-through signals.
2️⃣ Pattern
🟢 CHART PATTERNS
Reversal
Double bottom
Consolidation
Rectangle pattern
🟢 CANDLE PATTERNS
Notable Observations:
Long wick candles (2x wick) and hammers at support levels.
Gaps (Novice, Pro, Window) present.
Several classic doji formations.
Open, low, and high prices are crucial; wait for opening.
3️⃣ Volume: Normal volume observed.
4️⃣ Momentum RSI:
🟢 Zone: Super bearish.
🟢 Range: Sideways to bearish with proper confirmation.
🟢 Divergence: Bullish regular 4-candle divergence suggests a potential small correction or upside move.
5️⃣ Volatility Bollinger Bands:
🟢 Walking on the Band: Just finished.
6️⃣ Strength ADX: Bears hold full power.
7️⃣ Sentiment ROC:
GBP is weaker than AUD.
✔️ Entry Time Frame: H1
✅ Entry TF Structure: Bearish
☑️ Current Move: Corrective move, near its conclusion.
✔ Support Resistance Base: CIP.
☑️ Candles Behavior: Reflects characteristics like RSC, Longwicks, Inside, and Momentum.
☑️ FIB Trigger Event: Awaiting.
☑️ Trend Line Breakout: Await confirmation.
☑️ Final Comments: Awaiting the right conditions to sell at two key points.
💡 Decision: Monitor closely for potential selling opportunities.
🚀 Entry: 1.9075
✋ Stop Loss: 1.9160
🎯 Take Profit: 1.8174, 2nd Exit if Internal Structure Changes, 3rd Exit on a trendline breakout or FOMO signal.
😊 Risk to Reward Ratio: 1:3.5
🕛 Expected Duration: 7 days
SUMMARY: The yearly chart illustrates a decade-long consolidation period, while the monthly chart shows a bullish structure that has reached its target but now signals a potential reversal. The weekly chart points to a bullish structure with the need for a valid low after a significant doji formation. Daily analysis suggests a bullish structure with an awaiting retracement. Factors such as volume, momentum, and patterns have been considered. Careful monitoring is advised for potential selling opportunities at two key points, with specific entry, stop-loss, and take-profit levels provided, offering a risk-reward ratio of 1:3.5.
My Reasons Why I Entered And Free Trade On GBP/AUD ,Got +70 PipsThis Is An Educational + Analytic Content That Will Teach Why And How To Enter A Trade
Make Sure You Watch The Price Action Closely In Each Analysis As This Is A Very Important Part Of Our Method
Disclaimer : This Analysis Can Change At Anytime Without Notice And It Is Only For The Purpose Of Assisting Traders To Make Independent Investments Decisions.
GBP/AUD LONG TRADE IDEAHello fellow traders!
GBP/AUD is trading today along the rising support line, which the pair has been following since the beginning of the year.
Previously, the pair failed to break the line and consolidate below it.
This week, I believe we will see a further rise from the line.
I recommend to place a long position from the price of 1.94450.
Stop loss at 1.93650.
Intermediate target: 1.96000
Main target: 1.98200
Risk:reward ratio 4.7
GBPAUD I Bullish sentiment remains 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 I Potential pullback and continued riseWelcome 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!
GBPAUD - Will The AUD Continue To Be Bearish?Analysis:
Bullish Confluences
In an upwards trend
Break & retest of a previous area of resistance for support
38.2% fib retracement level present
Upwards trendline present
GBP is the second strongest major currency where as the AUD is the 7th strongest major currency
25K short positions decrease for the GBP
2K short position increase for the AUD
Bearish Confluences
30K long position decrease for the GBP
1K long position increase for the AUD
Stay Safe - The JPI Team
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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.
GBPAUD Top-down analysis Hello traders, this is a complete multiple timeframe analysis of this pair. We see could find significant trading opportunities as per analysis upon price action confirmation we may take this trade. Smash the like button if you find value in this analysis and drop a comment if you have any questions or let me know which pair to cover in my next analysis.
EURAUD and GBPAUD Top-down analysis Hello traders, this is a complete multiple timeframe analysis of this pair. We see could find significant trading opportunities as per analysis upon price action confirmation we may take this trade. Smash the like button if you find value in this analysis and drop a comment if you have any questions or let me know which pair to cover in my next analysis.
Cup And Handle in GBP/AUDGBP/AUD is in strong uptrend. Price is continuously making higher highs and higher lows.
Checking out recent price action, the price has formed a Cup and handle pattern which is a bullish pattern.
Once the neckline is broken out, I expect price to rise further.
Wait for daily candle to close above the neckline. Then we can enter into LONG SWING TRADE.
GBP/AUD Fully Closed +500 Pips 0 Drawdown , Should We Sell ?This Is An Educational + Analytic Content That Will Teach Why And How To Enter A Trade
Make Sure You Watch The Price Action Closely In Each Analysis As This Is A Very Important Part Of Our Method
Disclaimer : This Analysis Can Change At Anytime Without Notice And It Is Only For The Purpose Of Assisting Traders To Make Independent Investments Decisions.
A Unique Perspective on GBPAUD PairBased on our analysis, we anticipate a bullish trend for the GBPAUD pair in the coming weeks. The fundamental factors indicate a relatively stronger outlook for the GBP compared to the AUD. Positive economic data and improving sentiment in the UK, coupled with potential uncertainties surrounding the Australian economy, suggest a favorable environment for the GBPAUD pair.
Our profit target for this trade idea is set at 1.97500, representing a significant upside potential. We anticipate a gradual appreciation of the GBP against the AUD as market conditions align with our analysis.
To manage risk, we establish a stop loss area at 1.87900. If the trade goes against our prediction and the price reaches this level, we would exit the trade to limit potential losses.
GBP/AUD Long Setup To Get 400 Pips At Least , Let`s Buy It !This Is An Educational + Analytic Content That Will Teach Why And How To Enter A Trade
Make Sure You Watch The Price Action Closely In Each Analysis As This Is A Very Important Part Of Our Method
Disclaimer : This Analysis Can Change At Anytime Without Notice And It Is Only For The Purpose Of Assisting Traders To Make Independent Investments Decisions.