GBP/AUDPossible retracement on GBP/AUD
GBPAUD has been making higher highs & higher lows, could see a retracement before making new highs
Gbpaudshort
🎁sell GBPAUD at the supply and earn +250 pips🔥You can see the analysis of the pound to Australian dollar currency pair in the one-hour time frame (GBPAUD_ 1H)🔎
✍🏻Considering that the price has been able to break its upward trend line and make a pullback to it, if the price can reach the supply zone, it can fall to the specified targets🔻
🛎» Sell Limit GBPAUD«🛎
🔷The entry range and profit and loss limits are specified below:
💢Entry range: 1.92800 - 1.93040
❌SL: 1.93100
✅TP1: 1.90300
✅TP2: 1.87800
✅TP3: 1.85800
⚠️❗️Please follow the capital management❗️⚠️
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GBPAUD Potential To DownsideNearly 3-4 days the condition of GBPAUD experienced continuous improvement. I think the price movement in the next few days will decrease. Even though in terms of Weekly it still looks positive going up, the potential for going down will be even better.
GBPAUD at resistanceMy first forex trade. Here it goes!
GBPAUD is at a weekly resistance at around 1.91880. Daily was a 2U bearish candle and far away from the moving averages.
Idea is to go short at the break of Friday's candle (1.91664). Ideally SL would be at the high of same candle (1.92818) and TP can be atleast 1:1 RR.
As I was typing this, got into the trade. Hope it goes well.
GBPAUD Forecast 6July2023for now the price looks bearish. if we pull the fibo retracement, then there is a possibility that the price will be pulled down to strong support in the 0.236 area, where the area is also an SnD area and also as an SR Flip area.
GBPAUD TradeAfter the liquidity taken and change of character and the rejection of the Order Block we will see a drop in the price it's just idea
GBPAUD FAKE OUTFake out on GBPAUD on the 4h HH.
made a box on the fake out candle. Orderblocks in the box. wait for it to go up then sell to fibo 0.618. stoploss above breakout box. nice 1 to 3 or 1 to 7 RR
GBP/AUD facing ResistanceHello Traders
GBP/AUD is facing resistance in the 1.90-1.91 zone.
The first rejection from the mentioned resistance made a new lower low so it could be possible for the price to make a new lower high and start a downward trend.
Our technical view has been shown in the chart.
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Team Fortuna
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(Disclaimer: Published ideas and other Contents on this page are for educational purposes and do not include a financial recommendation. Trading is Risky, so before any action do your research.)
GBPAUD SHORTSIm looking to sell GA at about 1.90736
TP 1.89015
SL 1.91054
Reason for Shorts Daily H&S pattern to bias for shorts
Waiting for price to touch 1h OB
Target to tap the Unfilled FVG made on 23 June 10am 1H
Im quite new to this so do let me know your thoughts. I do note that GA is currently very bullish so it is quite a risky trade!
GBP AUD Sell Opportunity (Pullback)-Price previously sold off and found support at the 1.85 QP level
-On the weekly TF, price closed as an indecision candle/morning star candlestick pattern, hinting that price was ready to began a bullish push.
-On the daily TF, price formed a double bottom, then made a bullish push before reaching a resistance/supply zone.
- I am anticipating price to make another bullish attempt but sellers ultimately remaining strong and price possibly closing as an indecision candle/even star candlestick reversal pattern.
- I believe price will pull back and test the area 1.8801-1.86735.
GBPAUD Sell & Buy Setup On H4GBPAUD is currently trading at 1.8863. If it is rejected from the resistance area, which is at 1.8902, it will then move down to the support level at 1.8744. However, if it successfully breaks above the resistance area, you can consider buying on its retest, aiming for the next resistance at 1.9165 for GBPAUD.
Disclaimer: The information provided is for general informational purposes only and should not be considered as professional advice. Use at your own risk.
GBPAUD This currency pair can be modified up to the specifiedGBPAUD is completing a pullback after breaking the daily trend (this trend can be seen in 4 hours). According to the specified points in the chart, you can look for the entry point for selling.
If you have an opinion about this, I will be happy to write.
👉 GBPAUD | Short Me a River 👈Hello.
Like i said on my previous forecast : The 1H support will become a resistance.
I see a retest followed by a rejection, again.
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✅ Last GBPAUD Idea ✅
GBPAUD lack of interest is a concern for the bulls.GBPAUD - 24h expiry
Previous support located at 1.8600.
Previous resistance located at 1.8650.
There is no clear indication that the downward move is coming to an end.
Momentum is flat, highlighting the lack of clear direction.
Risk/Reward would be poor to call a sell from current levels.
We look to Sell at 1.8675 (stop at 1.8735)
Our profit targets will be 1.8525 and 1.8500
Resistance: 1.8650 / 1.8700 / 1.8725
Support: 1.8600 / 1.8550 / 1.8500
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 regional Double BottomThe GBPAUD currency pair is showing indications of a potential reversal based on a double bottom pattern observed on the regional chart. This pattern suggests that the price has reached a support level twice and is likely to reverse its downtrend.
Traders considering this potential reversal may set a take profit level at 1.870, anticipating an upward price movement towards this target. To manage risk, it is recommended to place a stop loss at 1.851, which serves as a safety measure in case the reversal does not occur as expected.
While the double bottom pattern provides a bullish signal, it's important to exercise caution and consider other factors such as market conditions, fundamental analysis, and overall market sentiment. Technical patterns alone do not guarantee the success of a trade, and monitoring the market closely is essential to adapt to any changes that may occur.
Looking forward to read your opinion about it.
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.
👉 GBPAUD | Short 👈Hello.
We close before daily support.
Pay attention to the news.
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GBPAUD and GBPNZD Top-down analysis Hello 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.
gbpaud short positionthere is a confirmed FTR here with a mouth FL, as the price reaction to mouth-FLs have surprised me lately, I believe this setup would be great to take a R:R=3
⚠️ Notice:
I will enter one third of my position when price touch the box and the rest of it in the middle of the box. My TP would be R/R=3 and 5.
Please trade with your own money management methodology and be aware that trading has its own risks and rewards.
Good luck ❤️
GBPAUD potential leg down 1:2 RRRGBPAUD potential leg down 1:2 RRR Bouncing off huge trendline + retest of weekly support/resistance level
GBPAUD SELL !!Price has been trading inside the given upward channel since September 2022 . Recently , the price reached the pivot line of the Channel and has shown signs of rejection to the downside ! My next Traget will be the lower limit of the Channel i.e. 0.83700 which is also is the 0.382 retracement of the previous move above , henceforth making it a strong support point !!
gbpaud short positionnothing has changed, I'm still in the short position.
there is a chance to adding some volume on the blue box up ahead.
⚠️ Notice:
I will enter one third of my position when price touch the box and the rest of it in the middle of the box. My TP would be R/R=3 and 5.
Please trade with your own money management methodology and be aware that trading has its own risks and rewards.
Good luck ❤️
GBPAUD Short Trade Idea There was a short trade opportunity recently on the pound-aussie trading chart 📉 after price rejected the confluence of the 1.92279 horizontal resistance level and the upper line of the parallel channel.
This is indicated by the bearish harami candlestick pattern just below the same confluence; there's even a confirmation of a downward trend 📉 by the next bearish candle after the signal candle.
If the downward price momentum is strong enough, the next confluence of the next horizontal support and the lower line of the same parallel channel could be tested.
A reward-to-risk ratio of 3.15 is possible with this setup; you could target over 2700 pips in profit...
Apply risk management in your trading.
Good luck!
