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Gbpaudsell

GBPAUD, 4hr tf, breakout of broadening wedgeRecently, price managed to break below the support of this ascending broadening wedge pattern. Notice for price consolidate near the support before breaking below it. This consolidation looks like a bearish flag to me. We could expect price to continue go down towards 1.8100 area. The target of this wedge is at 1.8092 but we will aim to take profit a little bit above the target. Sell GBPAUD 1.8260 Stop loss 1.8320 Take profit 1.8110 (2.5R) Use only 1-2% risk Good luck
Short
by HayatoDragonFX
7
GBP/AUD short IdeaFundamental side of the idea : The AUD by contrast is currently pressured alongside falling Iron prices. If these prices keep falling then AUD will face weakness. The Australian economy exports large amounts of Iron ore, so its price impacts the AUD. On The Other side we are seeing Inflation climbing faster , and Metals are making new High , and that should serve and make AUD strong again . Ultimately, the pound remains sensitive to the trajectory of UK inflation and the Bank of England’s monetary policy. UK inflation jumped to 1.5% in April from 0.7% in the prior month, though remains well below the BoE’s 2% target. There is certainly plenty of scope for the BoE to substantially tighten monetary policy should it view inflation as a threat, a development that could be significantly bullish for the pound. But we still Far away from that . Technical side of the idea : According to the technical analysis of the pair: So far, despite the weakness of the upward Trend , i am seeing a significant weakness on GBP , starting from forming a continuation pattern , to not breaking above some Fib Levels that were critical . P.S : The weak US dollar provides some reason to be Bullish on the Australian Dollar . Thank you . Do Not hesitate to Contact me For any kind of Quist . S.Sadki
Short
by SaraSadki
GBPAUD - FOREX - 03. MAY. 2021Welcome to our weekly trade setup ( GBPAUD )! - 1 HOUR Bearish break below main sr level. 4 HOUR Price consolidation with possible breakout shortly. DAILY Overall bearish market structure, looking for another break towards previous lows. - FOREX SETUP SELL GBPAUD ENTRY LEVEL @ 1.79170 SL @ 1.79890 TP @ 1.78060 Max Risk: 0.5% - 1%! (Remember to add a few pips to all levels - different Brokers!) Leave us a comment or like to keep our content for free and alive. Have a great week everyone! ALAN
Short
by DACapitalTrading
5
GBPAUD, 4hr tf, HnS pattern after break below trendlineIHello my friends, GBPAUD just break below the trendline which supported it for the last 3 months since January 2021. Price right now retesting it as resistance and there is also descending trendline which will now become the resistance for this pair. It looks like price making a Head and shoulders pattern and the measured objective of this pattern is around 440 pips counting from the top of the head to the neckline. Price already broken below the trendline and i think this upwards movement is only a retracement to test the resistance. We might see price continue going south in the coming days. Sell GBPAUD 1.7940 Stop loss 1.8020 (80 pips) Take profit 1 at 1.7600 (340 pips) Take profit 2 at 1.7440 (500 pips) RR Ratio 1 : 6.25 Use only 1-2% risk Good luck
Short
by HayatoDragonFX
1
GBPAUD: Very long period short on Monthly TFHi Traders, This is my view on this cross for the next months #GBPAUD SELL 1.78 SL 1.86 TP 1.45 I remind you that this is only a forecast based on what current data are. Therefore the following signal will be activated only if specific rules are strictly respected. If you follow my strategy you will be able to identify the right filters and triggers to enter correctly the market and avoid fake signals. I really hope you liked this video and I would like to know what do you think about this analysis, so please use the comment section below this video to give me your point of view. Thank You ——————————— Pietro from Trading Kitchen
Short
by kitchen_trading
GBPAUD FLIPPED BIAS : SHORT !After about four months of GBPAUD rebound from the last dip of December 2020, GA struggled continuosly with weak price action to gain bullish momentum but was able to pull price up from December lows of 1.7400. GA was quite bullish for a while and technical analysis was indicating bulls could move price into 1.85 highs but this was cut short last week when price massively rejected 1.82900 resistance and started to dump back below. Looking Forward to the coming weeks ahead, I expect the start of a downtrend/bearish continuation from a longterm perspective for GA. Currently on the chart, price is sitting at 1.79 which holds some massive support strength, if this zone is broken and price slides i see GBPAUD going back into 1.75600 level as a predicition. Risk Warning : The risk of loss in trading Foreign Exchange (FOREX) can be substantial. You should therefore carefully consider whether trading is suitable for you in the light of your financial condition. Goodluck !
Short
by Tim298