Gbpaudprediction
#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.
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!
GBP/AUD Bank Money Heist Plan on Bullish SideHola ola My Dear,
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GBPAUD - Look for Continuation Long (SWING) 1:3!Price has successfully created a new high in the LTF, forming a solid bullish market structure. This is evident in the HTF as well, where the price is rejecting the Monthly RBS and is on its way to the next resistance (supply zone).
Avoid chasing the market—only execute if the price reaches the Demand Zone. Let's see how generous the market will be with this pair.
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!
GBPAUD - Look for Continuation Long (SCALP) 1:3!The structure is clearly showing an uptrend with a solid formation of HH andHL, failing to create a new L. This indicates a potential buy entry opportunity, supported by confirmations and confluences such as Fibonacci Retracement and SND principles.
The target should be the nearest S zone. Avoid being overly greedy with this setup, especially with an upcoming high-impact GBP news event.
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!
GBPAUD Short Term Sell IdeaH1 - Bearish trend pattern followed by a flat correction in the form of a range.
A valid breakout below the bottom of the range would be the validation for this short term bearish view.
Alternatively if we get a valid breakout above the top of this range then this bearish view will be invalidated.
GBPAUD ‘WILL MAKE MOVE IN BUY?UK GDP data released today underwhelmed as the UK economy shrank by 0.3% for the month of October. Having avoided a contraction during the July-September period it appears the luck has finally run out. The July- September period largely coincided with the UK summer which could in part explain the GDP number posted. The increase in visitors and travel by UK residents largely playing an important part in avoiding a contraction. Following today’s data UK interest rate swaps were fully pricing in 4 cuts of 25bps each in 2024.
GBPAUDPair : GBPAUD ( British Pound / Australian Dollar )
Description :
Completed Impulsive Waves " 123 " and making its " 4th - abc " Impulsive Waves. Symmetrical Triangle as an Correction in Short Time Frame with the Breakout of Lower Trend Line. It can Reject from Daily Demand Zone or Fibonacci Level - 78.60%
Entry Precaution :
Wait for Rejection or Retracement
GBPAUD SELL | Day Trading Analysis
Hello Traders, here is the full analysis.
Watch strong action at the current levels for SELL. GOOD LUCK! Great SELL opportunity GBPAUD
I still did my best and this is the most likely count for me at the moment.
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Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad 🤝
Patience is the If You Have Any Question, Feel Free To Ask 🤗
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GBPAUD 18/10 MovePair : GBPAUD ( British Pound / Australian Dollar )
Description :
Rising Wedge as an Corrective Pattern in Short Time Frame and Completed the Breakout of the Lower Trend Line and Making its Retracement. Completed " 1234 " Impulsive Wave. Divergence and Rejection from Fibonacci Level - 50.00%
Entry Precautions :
Wait until it Completes the Retracement and Rejection
GBPAUD I Local Buy! Hello,Traders!
GBPAUD is bullish on the weekly and
just broke a key level resistance 1.9230
on the daily. We expect a pullback to the
previous structure broken, and will be monitoring
for a potential long from 1.9188 zone to the target resistance.
Trade safe and good luck!
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