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Gbpaudsell

GBPAUD Long Term SELLING Trading IdeaHello Traders In This Chart GBPAUD Forex Forecast By FOREX PLANET today GBPAUD analysis 👆 🟢This Chart includes_ (GBPAUD market update) 🟢What is The Next Opportunity on GBPAUD Market 🟢how to Enter to the Valid Entry With Assurance Profit This CHART is For Trader's that Want to Improve Their Technical Analysis Skills and Their Trading By Understanding How To Analyze The Market Using Multiple Timeframes and Understanding The Bigger Picture on the Charts
Long
by ForexPlanet20
Why Buyers Beware—The Hidden Danger Above the Resistance LevelThis pair has been on quite a rally lately, showing strong signs of breaking out from the stubborn 1.92 resistance level that has held firm for quite some time. You can easily spot this level as it's marked by the trusty green dotted line on the chart. However, before we get too excited about this breakout, it's important to consider a potential fake-out scenario. Right above the resistance level, there's a weekly supply/sell zone that was established back in 2020. This zone witnessed some hefty selling activity in the past, and now that we've entered it again, the market might just be eyeing the 1.95 mark before making a swift reversal. Take a glance at the lower timeframe charts, and you'll notice a recurring pattern: every time a new high is reached, the market tends to experience a rapid sell-off. This is usually a telltale sign of buyer exhaustion, and it's often followed by one last monumental spike upward before a sharp decline takes place. This kind of price action is notorious for fooling people into buying, effectively creating liquidity for the big sellers. That's precisely why I'm currently on the lookout for a short sell opportunity. I'll wait for my TRFX indicator to give me an entry signal above 1.94 before jumping into the market. My initial target will be 1.92, which is the breakout level we're currently witnessing. I anticipate a retracement to occur before a subsequent rally confirms the validity of the breakout. I've also identified a second target at 1.90, indicated by the second dotted line on the chart. This level might prove to be an attractive area for buyers to jump back into the market. Now, don't get me wrong. I do believe that this currency pair has the potential to rally well above the 2.0 mark in the long run. However, to validate such a move, we need to closely monitor how the monthly candle closes. It will give us a clearer confirmation of the breakout. For the time being, though, a short-term sell trade seems like a promising opportunity, with targets set at either 1.92 or 1.90. Now I could well be wrong and the market just blows straight through 1.95 though the stop will be tight on this trade. I hope you enjoyed reading through my analysis. Stay tuned for more!
Short
by TheFxAce
11
GBPAUD SHORT Risk RisingThe sharp pullback in GBP/AUD raises the risk of a deeper setback in the short term. GBP/AUD’s sharp retreat in recent days has made the cross vulnerable to a deeper setback in the near term. This follows a retreat from strong horizontal trendline resistance at about 1.9200 (see chart). The 14-week Relative Strength Index has retreated from overbought conditions – levels that have been associated with a pullback in the cross. GBP/AUD is testing a vital floor at the early-May low of 1.8590, so some rebound can’t be ruled out. But chances are that it won’t hold the support for too long. Any break below could open the door toward the early-April low of 1.8250. After a spectacular run of outperformance since February, UK macro data have generally underwhelmed since mid-May, according to the Economic Surprise Index. Nevertheless, the strong-than-expected data since the start of the year has prompted upgrades to the economic outlook for the current year. Meanwhile, the slower-than-expected moderation in UK inflation in April has raised the odds of a Bank of England (BOE) rate hike this month. BOE hiked its benchmark rate by 25 basis points in May after pausing in April, and the market is pricing in almost four rate hikes by the end of the year, taking the terminal rate to 5.41% from 4.50% currently. The next week bring UK jobs, GDP, and manufacturing output data ahead of the BOE meeting on June 22, which could stir things up a bit for GBP. Until then, the pound could be due for a breather after a spectacular run against some of its peers.
Short
by DaveBrascoFX
GBPAUD - Long from bullish order block ✅Hello traders! ‼️ This is my perspective on GBPAUD. Technical analysis: Here we are in a bullish market structure from 4H timeframe perspective, so I am looking for longs. I expect price to make a retracement to fill the imbalance lower and to take liquidity below equal lows and then to reject from bullish order block. Fundamental analysis: Next week on Wednesday we have news on AUD, will be released quarterly and yearly CPI. Pay attention to the results in order to secure the trade. Like, comment and subscribe to be in touch with my content!
Long
by Snick3rSD
GBPAUD - Long from bullish order block ✅Hello traders! ‼️ This is my perspective on GBPAUD. Technical analysis: Here we are in a bullish market structure from 4H 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. Fundamental analysis: We have news events on GBP on Thursday 13th of April, will be released monthly GDP which is forecasted to be lower than previous month, this can support our retracement, as lower GDP means weakness of currency. Like, comment and subscribe to be in touch with my content!
Long
by Snick3rSD
GBPAUD Investment Plan - 30/Mar/2023Hello Traders, Hope you all are doing good!! I expect GBPAUD to go Down anytime soon from the blue zone . We will internally monitor the price action as the wave will progress. Look for your SELL 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.
Short
by For3xScalper