GBPAUD top-down analysisHello 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.
Gbpaudlong
GBPAUD - Long from bullish order block ✅Hello traders!
‼️ This is my perspective of GBPAUD.
Technical analysis: Here we are in a bullish market structure from 4H timeframe perspective as price forms higher highs and higher lows, so I am looking for longs. Price started the retracement which we can see better on 1H timeframe, I expect the continuation of retracement as we have and imbalance lower that can be filled and if price rejects from bullish order block + institutional big figuer 1.80000, I will open a long position.
Fundamental analysis: On Thursday 23rd of March we have news events on GBP. Bank of England planned to raise interest rate by 0,25% supported by a Press Conference. The raise of interest rate means strength of currency which could support our bullish price action.
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GBPAUDHi
GBPAUD has been examined in different dimensions:
1- Strong supply and demand levels that I identify with my own indicator and system.
2- The structure of recently formed waves
3- Current market momentum
4- The structure of classical and price patterns
In this idea, I identified the direction of the market in different ways and in the second step, I analyzed the potential of continuation or reversal. Usually, paying attention to the trend and strength of the trend can greatly increase the accuracy of the analysis.
In general, I tried to describe the continuation of the movement in the simplest possible way in the diagram.
⚠️ Disclaimer:
This is a personal opinion and you are responsible for any trading decisions.
React don't say it must look at GBPAUD Hello #letsdothis
We had GA to drop to 1.8 area but look it was a retracement we wanted and it DID retrace but not UpTo the area we predicted (most of us)
I would suggest don't trade the counter trend if you don't want to be whipsawed while in trades let's be patient to react to what GA want to do
NB nothing is guaranteed in the market don't say it must do this it won't and you'll have to explain why it didn't 😂 market does what it wants
GBPAUD - Long from bullish order block ✅Hello traders!
‼️ This is my perspective of GBPAUD .
Here we are bullish from H4 timeframe perspective, so I am looking for longs. I expect price to make a retracement to fill the imbalance lower and then to reject from bullish order block + institutional big figure 1.80000.
‼️Attention!!! Due to the fact that we have news events on GBP on Tuesday and Wednesday, the analysis can be invalidated.
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GBPAUD to find support at previous resistance?GBPAUD - 24h expiry - We look to Buy at 1.7875 (stop at 1.7815)
Previous support located at 1.7900.
Previous resistance located at 1.8000.
Price action has stalled at good resistance levels and currently trades just below here (1.8000).
A lower correction is expected.
Dips continue to attract buyers.
A move through 1.8000 will confirm the bullish momentum.
Our profit targets will be 1.8025 and 1.8055
Resistance: 1.8000 / 1.8100 / 1.8150
Support: 1.7900 / 1.7875 / 1.7800
Risk Disclaimer
The trade ideas beyond this page are for informational purposes only and do not constitute investment advice or a solicitation to trade. This information is provided by Signal Centre, a third-party unaffiliated with OANDA, and is intended for general circulation only. OANDA does not guarantee the accuracy of this information and assumes no responsibilities for the information provided by the third party. The information does not take into account the specific investment objectives, financial situation, or particular needs of any particular person. You should take into account your specific investment objectives, financial situation, and particular needs before making a commitment to trade, including seeking advice from an independent financial adviser regarding the suitability of the investment, under a separate engagement, as you deem fit.
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GBPAUD - Long from bullish order block ✅Hello traders!
‼️ This is my perspective of GBPAUD .
Here we are bullish from H4 timeframe perspective, so I am looking for longs. I see price to continue the retracement to fill the imbalance lower and then to reject from bullish order block.
‼️Attention!!! Due to the fact that we have news events on AUD next Tuesday and on GBP next Friday, the analysis can be invalidated.
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GBPAUD - Short active ✅Hello traders!
‼️ This is my perspective on GBPCAD .
Here we are in a bearish market structure from daily perspective, so I am looking for shorts. We can see that price filled perfectly the imbalance and rejected from bearish order block + institutional big figure 1.78000.
‼️Attention!!! Due to the fact that we have news event on AUD upcoming week, the analysis can be invalidated.
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Yemi_Fx1 | Long for GBPAUDOn this Pair previously price has make an impulsive, correction movement. Currently it's in a phase of correction in the form of a tight flag pattern. Anticipating for an upward movement.
I'll be considering
A Risk entry type at the bottom of the flag structure at an area of value.
Reduced risk entry after the impulsive move followed by a tight flag or break of the flag.
Share your thoughts in the comments and show your support for the idea by liking it. Thank you for your help.
GBPAUDThe 1.75091 resistance level on GBPAUD has been a solid zone so far, as it has withheld series of price spikes and test but I see a break of the zone this coming week after price closed within the zone last Friday.
We look for buy opportunities around the zone for an 100pips buy up to 1.76000.
Trade safely guys!
GBPAUD Trading Plan - 8/Feb/2023Hello Traders,
Hope you all are doing good!!
I expect GBPAUD to go Up after testing OB + Gap.
Look for your BUY setups.
Please follow me and like if you agree or this idea helps you out in your trading plan.
Disclaimer: This is just an idea. Please do your own analysis before opening a position. Always use SL & proper risk management.
Market can evolve anytime, hence, always do your analysis and learn trade management before following any idea.
GBPAUDIf you followed my analysis on GA last week, we took a short buy which got to our TP but as i said the overall trend on GBPAUD was a sell. The sell did happen at resistance level of 1.76229 around the 50% fib level but price got rejected again on the support level at 1.72596 and also bounced off my trendline (Third touch) which further confirms the change in price direction for a buy. I expect a push back up to 1.76229/1.77262 for a proper rejection before the main SELL happens!
Mind you, we also have to take into consideration of the upcoming fundamental news this week on AUD cash rate followed by RBA statement on Tuesday and GBP monetary policy and GDP coming up on Thursday and Friday respectively.
Trade recommendations: Look for a buy option around 1.73499
TP 1: 1.74910
TP 2: 1.76229
TP 3: 1.77262
Note: As always we react to what we see in the market!
#GBPAUD- BULLISH MOMENTUM UPTO 400 PIPSDear Traders, GBPAUD has been bearish as AUD and XAU have been bullish since long time due to DXY weakness, though we are expecting DXY reversal any time soon, we also think GBP will soon start strengthen.
Let's catch this big move.
Ideal Entry Would be now with stop loss below the previous low!!!