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Gbpaudbuy

GBP/AUD turning BULLISH - LONG trade from 1.9305The technicals are suggesting that GBP/AUD may be headed north. Yesterday the price the price bounced off WS1 support and we've seen GBP/AUD BEARS push the price back down to this level earlier today where BUYERS have again pushed the price away from this level. Its possible that we may see GBP/AUD BEARS attempt to push the price back to WS1 but other technicals suggest that the BULLS are ascerting control. RSI was reading under 30 2 hours ago and is now 33.75 and the MACD fast MA is on the verge of crossing the slow MA and these MA's are increasing in value. The Andean Oscillator green BUY line was zero but in the last 2 hours we've seen this rise and is now reading .00052. This would suggest an increase in BULLISH activity. We have a W-Bottom candle pattern being carved out with the touches on WS1 and these touches also lie in a support channel. Its possible that GBP/AUD BEARS haven't finished with this pair but GBP/USD has been very BULLISH this morning so ther's been some significant GBP buying around. Today is, of course, the big one. Its N.F.P. Friday so all bets are off as to where the market is headed. If this trade is still alive in 2 hours and 15 minutes and in + pips then I'll move the STOP to break even but if the trade hasn't gone anywhere (which is likely) then I'll exit and see where we are an hour or two after the N.F.P. numbers are released.
Long
by forextraplaces
Potential GBP/AUD LONG tradeGBP/AUD has sold off agressively since late Tuesday and now the BEARS are reaching exhaustion. On H1 the RSI is reading 17.19 so we are well into oversold territory. MACD is also weakening as the fast MA is poised to move above the slow MA which would be a sign that GBP/AUD BULLS are entering the market. However. WS1 pivot sits 14 pips under the current price (1.9307) and its likely that GBP/AUD BEARS will endevour to have one final push to hit this support level. I'm waiting to see if this happens but its not guaranteed. The Andean Oscillator will be the key. We should see the green BUY line start to move away from zero and at the same time we will see the red SELL line start to meet the signal line south and eventually cross. The last H1 candle was a doji which is an indecision candle (not a reversal candle as is commonly believed - it may well turn out to be one but that would depend on subsequent candles). An indecision candle confirms a battle between the BULLS and the BEARS. My guess is we are defintely headed higher, it just aquestion of when. I'll update this post if we get a confirmed BUY signal.
Long
by forextraplaces
GBPAUD Technical Analysis and Trade IdeaOn the higher time frame, the GBPAUD currency pair demonstrates a bullish trend, characterized by recent retracement movements that have brought it into an equilibrium zone. Bullish Trend: The GBPAUD has been exhibiting a bullish bias, indicating strength in the British pound relative to the Australian dollar. This trend is evident over an extended period, suggesting potential further upside. Retracement: Recent price action shows a retracement into an equilibrium zone, where a potential buy opportunity could present itself at around the 61.8% fibo level. Disclaimer This analysis provides a technical perspective on the GBPAUD currency pair. However, it is essential to emphasize that this information should not be construed as investment advice. Each trader’s risk tolerance, financial goals, and individual circumstances vary. Make informed decisions based on thorough research and a comprehensive assessment of all relevant factors.
Long
by fxtraderanthony
GBPAUD H1 / Bullish Trend - Looking for a Long Entry OpportunityHello Traders! This is my idea related to GBPAUD H1. I see the bullish structure, and I will look for a confirmation for a long entry. The expected scenario would be to look for an entry after another Higher Low. If confirmed, I will execute the entry. Traders, if you liked my idea or if you have a different vision related to this trade, write in the comments. I will be glad to see your perspective. ____________________________________ Follow, like, and comment to see my content: www.tradingview.com
by GoodTradeST
GBPAUD Trade IdeaThe GBPAUD has reached a critical resistance level. While the overall trend remains bullish, I anticipate a pullback before seeking an optimal entry point. As illustrated in the snapshot, we can identify a prior 4-hour balance area. Projecting a Fibonacci retracement from the low to the high of this price swing highlights the 61.8 level as a potential confluence zone for entry. Please note: This analysis is for educational purposes only and should not be construed as financial advice.
by fxtraderanthony
#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. If you like our work then do like and comment that will encourage us :) thanks for your continuous support.
Long
by Setupsfx_
10
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.
Long
by fxtraderanthony
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 Like and follow for more
Long
by Mbjoey
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.
by Optimum369