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Gbpaudidea

GBP/AUD Making Correction, Long Opportunity ComingThis has been due a correction and it is now doing so. This brings the chance to look for a longing position. It is close to 0.382 Fibonacci, just below this could be a good time to buy as it aligns with structure. Need to watch the price action as it could fall to 0.5 Fib as well. Use MACD and EMA's to help judge when the mood is changing back to bullish. Target is set at the previous high of 1.80159. This aligns with previous support so it is meeting resistance here. SL is just below 0.5 Fib
Long
by olly48
GBP/AUD - GBP Longs Increased! COT DATAHello Traders!, Today, I'm looking to take advantage of a huge increase of GBP longs from the beginning of the week, a 14% increase on on GBP added with a 2% decrease on AUD longs gives me confluence that this pair is on the move upwards. As as it stands, non-commercials are 54% long on GBP currency while only 45% of non-commercials are long on AUD. This discrepancy between the two currencies indicates bullish volume within the GBP/AUD pair What Is The Market Telling Us? Price has bounced off of W1 support followed by bullish impulse reaction Resistance now support is being retested for a pullback after bullish impulse. A high probability reversal on bullish trend is imminent When Should We Enter? Await a pullback towards S1 before entering BUYS To be conservative, wait for bullish impulse move after pullback towards S1
Long
by forexwithfred
GBPAUD uptrend setup price direction: UPTREND potential target price 1: 1.8338 potential target price 2: 1.8445 **Disclaimer** the content on this analysis is subject to change at any time without notice, and is provided for the sole purpose of assisting traders to make independent investment decisions. Traders!! if you like my ideas and do take the same trade as I do, please write it in a comment so we can manage the trade together. _____________________________________________________________________________________________________________________ Thank you for your support ;) GWBFX
Long
by GWBFX
GBPAUD – the completion of 2/B wave in the range of 1.7934We had little time to get the general trend in the daily chart, but in the 240-minutes chart, it was totally clear that a trend which has started in the range of 1.7469 has ended in the range of 1.8527, that is in the format of 5 waves. Also, the corrective movement is in the form of 3 simple waves that have completed in the range of 1.7934. Given these conditions, we should have an upward movement of 5 more waves, which the targets are 1.8307 to 1.8507. The main confirmation for this uptrend is when the price crossing the range of 1.8218, on the contrary, the range of 1.7934 will violate this analysis
Long
by NirmataFX
GBPAUD under CorrectionHere in GBPAUD, we have a Correction area where it'll keep on retracing this week & for Long term it'll be bullish. The Area of support & Resistance level are mention in this analysis clearly. I HOPE THIS GIVE YOU A BETTER IDEA AS WELL. Friends, push the like button, write a comment and share with your mates - that would be the best. THANK YOU! P. S. I personally open a Trade when i find entry point according to my strategy, Always make your analysis before a trade.
by PiPumer
GBP/AUD could PUMP soon!Hey tradomaniacs, looking at GBP/AUD it looks like we could see a PUMP soon if market continues the climb within the current trendchannel andb reaks above the daily key-resistance-zone. As always, this pair is very risky to trade as POUND is volatile due to Brexit-Talks. Cross-Pairs are hard to predict due to the current Corona-Topic and its volatility in the market. If you want to buy this pair, wait for the break above the key-resistance-zone to get a confirmation. DAILY-CHART showing a nice previous fake-out to the downside which is showing big players doing their business with stop-loss-fishing. I personally don`t like to trade this pair and post this as inspiration for the GBP/AUD-Fans. :-) LEAVE A LIKE AND A COMMENT - I appreciate every support! =) Peace and good trades Irasor Wanna see more? Don`t forget to follow me. Any questions? PM me. :-)
Long
by Trading2ez
GBPAUDOnce again, market will always leave clues as to what it wants to do, I do not predict the market but my bias would be for a sell position seeing the price action clues however before taking a position, I will wait for price to break through some of the identified zones. Kindly like and follow for more, thanks Past results does not Guarantee Future Results, do your due diligence. Trade Rules: Use proper risk management When the trade is taken, once in 20 pips profit, breakeven and protect your capital As trade moves, look for fresh entries in line with the position taken
by Mbjoey
GBPAUD Top-Down AnalysisHello Traders, Here is the Top-Down Analysis of GBPAUD (Monthly, Weekly, Daily for direction and 4H for entry) for Week 44 - 26 Oct M > Market is moving in a symmetrical triangle and it tested monthly support and started pull back to the upside. We can see an over extended M formation, price should move up to test the neck; we can set this as a long term target. W > Price moved bullish, reached weekly resistance and broke through to the upside but ended with a retracement wick. D > With its upward move price formed a W formation and with retracement it dropped to test its neck and complete the formation. We can now expect an upward move. As per COT GBP saw addition of Long and closure of Short positions further improving net positions though still in -ve. BXY however weakened during the said week and ended last week in a Doji after strong buying pressure during start of the week. AUD saw closure of more Short than Long positions, improving net positions. AXY weakened during the said week but gained some lost position last week. 4H > Price has dropped to test daily resistance now turned support. We expect price to reverse for a bullish trend, however price can consolidate before continuing upwards. Pair Correlation: GBPAUD has positive correlation with GBPNZD This was my Idea and I hope you find it useful. If you find the analysis of help please leave a LIKE and FOLLOW for receiving all updates during the week. In the comment section share your view or ask questions. Thank You AP17FX
Long
by AP17FX
GBPAUD is StremgthemimgHere in GBPAUD, we have buying Level above to support line. Better is to wait until it hits the support line & then go on buying it. There's no sell is mentioned as i'm focusing on buying it only. I HOPE YOU GET ANY IDEA ABOUT GBPAUD AS WELL. Friends, push the like button, write a comment and share with your mates - that would be the best. THANK YOU! P. S. I personally open a Trade when i find entry point according to my strategy, Always make your analysis before a trade.
by PiPumer
GBPAUD short trade ideaPlan: wait for the price to bounce off from supply zone --> wait for the rejection candle pattern to form e.g. bearish engulfing, pinbar, etc --> SELL **Disclaimer** the content on this analysis is subject to change at any time without notice, and is provided for the sole purpose of assisting traders to make independent investment decisions. Traders!! if you like my ideas and do take the same trade as I do, please write it in the comment so we can manage the trade together. _____________________________________________________________________________________________________________________ Thank you for your support ;) GWBFX
Short
by GWBFX
8
GBP/AUD Technical Analysis.Currently, GBP/AUD is trading at 1.7848. The pair is trading in a downtrend and just entered into its support zone, It can touch the bottom of its support zone and then rebound back to start a new uptrend. The pair might form a cup and handle patterns after it rebounds back from the bottom of the support zone. Follow proper risk management strategy to avoid unnecessary losses and to increase profitability, don't risk more than 2% of your capital on each trade. Do follow us for future Forex trend analysis and Ideas. Thank you, Rishikesh Lilawat
Short
by rishililawat5
2
GBP/AUD Technical Analysis.Currently, GBP/AUD is trading at 1.8263. The pair is trading in a side ways trend between resistance and support wedges. The price is about to touch the support level at 1.8157 and It may rebound back from there. The pair is in side ways trend from some time, so it is possible that it will continue its side ways trend in the resistance and support wedges. Until the price breaks the resistance or support level it is possible that it will continue its side ways trend in the channel. Follow proper risk management strategy to avoid unnecessary losses and to increase profitability, don't risk more than 2% of your capital on each trade. Do follow us for future Forex trend analysis and Ideas. Thank you, Rishikesh Lilawat
by rishililawat5