GBPAUD I Potential correction to 1.9082 ahead of AUD Cash RateWelcome back! Let me know your thoughts in the comments!
** GBPAUD Analysis - Listen to video!
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Gbpaudsignal
DeGRAM | GBPAUD countertrend growthGBPAUD is moving in a descending channel between the trend lines.
The chart bounced from the support level and is back above the dynamic support level.
We expect a continuation of the bounce from the level coinciding with the 38% retracement of the last bearish impulse.
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DeGRAM | GBPAUD has reached resistanceGBPAUD has reached the resistance level.
The chart has been growing for a long time without pullbacks.
We think that there will be a price pullback to the 38% retracement level.
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GBPAUD → Trade Analysis | SELL SetupHello Traders, here is the full analysis.
I think we can soon see more fall from this range! 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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GBPAUD I Temporary fall from resistance Welcome back! Let me know your thoughts in the comments!
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GBPAUD
In the 4-hour timeframe, GBPAUD exhibits a bearish trend within a descending channel, currently touching the resistance trendline. Having completed Elliott's 4th wave, anticipation leans towards a downward movement. Observing price action signals will be crucial for confirmation and potential entry points in alignment with the bearish bias.
GBPAUD: UK February ILO unemployment charge better than expected
UK February ILO unemployment charge: 4.2%
Expected: 4.0%
Previous: 3.9%
Job change: -156k vs. 58k expected
Previous: -21k
Average weekly earnings: +5.6% 3m/y vs +5.5% expected
Previous: +5.6%
Average weekly earnings (except for bonuses): +6.0% 3m/y vs +5.8% expected
Previous: +6.1%
Change in March salary: -67k
Previous: 20k; changed to: -18k
This is a particularly combined document as employment numbers are vulnerable whilst wages stay high. The revision of the February payroll indicates that the United Kingdom exertions marketplace constantly stated poor payrolls withinside the first quarter. That is an indication that the activity marketplace is loose, with the unemployment charge additionally rising.
From that perspective, it facilitates give a boost to the case in the direction of slicing hobby rates. But with the warmer payroll numbers, the BOE might also additionally sense vindicated in persevering with to strengthen marketplace expectancies for August`s move.
GBPAUD SELL | Day Trading AnalysisHello Traders, here is the full analysis.
I think we can soon see more fall from this range! 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 🤝
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DeGRAM | GBPAUD the chart formed a flagGBPAUD has formed a bullish flag.
The chart is above the dynamic support.
We think that after retesting the current support, the price will rise to the 50% retracement level of the last bearish impulse.
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GBPAUD - Potential short idea ✅Hello traders!
‼️ This is my perspective on GBPAUD.
Technical analysis: Here we are in a bearish market structure from 4H timeframe perspective, so I look for a short. I expect price to continue the retracement to fill the imbalance higher and then to reject from bearish order block + institutional big figure 1.93000.
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GBPAUD I It will correct upwardWelcome back! Let me know your thoughts in the comments!
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DeGRAM | GBPAUD bearish takeover from resistanceGBPAUD did not hold the psychological level at 1.94000 after reaching it, after which a bearish takeover followed.
The price reached the support level, which it repeatedly failed to overcome.
As the chart continues to maintain a bearish structure, we expect that the asset will again try to test its psychological level, after which a pullback will follow.
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DeGRAM | GBPAUD fibo cluster at resistanceGBPAUD created a bearish harmonic pattern in the ascending channel.
Price made from this resistance level before, which is psychological level as well.
The market is consolidating at the 4-hourly chart.
We expect further consolidation and a pullback from the resistance at 1.95000.
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DeGRAM | GBPAUD potential short from psychological levelGBPAUD is going up to a psychological level at 1.94000 following the break and closing below it.
Price action created a kill zone at the resistance level of 1.94000 and a 61.8% fibo golden zone.
We expect a breakout pullback and continuation trade to complete the AB=CD pattern.
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GBPAUD I Potential bounce from support, pullback, and declineWelcome back! Let me know your thoughts in the comments!
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gbpaud analysis elliot UpdateDon't forget about stop-loss.
Write in the comments all your questions and instruments analysis of which you want to see.
Friends, push the like button, write a comment, and share with your mates - that would be the best THANK YOU.
P.S. I personally will open entry if the price will show it according to my strategy.
Always make your analysis before a trade
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GBPAUD:🔴Possible bearish scenarios...!🔴(Details on caption)
Well, By checking the GBPAUD daily chart, we can see the price grabbed the buy side liquidity then had a bearish reaction, and activated the bearish daily breaker block.
Then to see more details we should check the 1 Hour chart. In 1 hour chart there are two bearish scenarios.
The first one is, that the price takes the liquidity above 1.939 and then falls to sell-side liquidity.
The second scenario is, that the price has a more retracement. In this scenario, the price may move higher to collect the liquidity above the liquidity pool(1.9445) and then start a downward move from OTE.
💡Wait for the update!
🗓️12/03/2024
🔎 DYOR
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GBP/AUD turning BULLISH - LONG trade from 1.9305The technicals are suggesting that GBP/AUD may be headed north.
Yesterday the price the price bounced off WS1 support and we've seen GBP/AUD BEARS push the price back down to this level earlier today where BUYERS have again pushed the price away from this level. Its possible that we may see GBP/AUD BEARS attempt to push the price back to WS1 but other technicals suggest that the BULLS are ascerting control.
RSI was reading under 30 2 hours ago and is now 33.75 and the MACD fast MA is on the verge of crossing the slow MA and these MA's are increasing in value.
The Andean Oscillator green BUY line was zero but in the last 2 hours we've seen this rise and is now reading .00052. This would suggest an increase in BULLISH activity.
We have a W-Bottom candle pattern being carved out with the touches on WS1 and these touches also lie in a support channel.
Its possible that GBP/AUD BEARS haven't finished with this pair but GBP/USD has been very BULLISH this morning so ther's been some significant GBP buying around.
Today is, of course, the big one.
Its N.F.P. Friday so all bets are off as to where the market is headed.
If this trade is still alive in 2 hours and 15 minutes and in + pips then I'll move the STOP to break even but if the trade hasn't gone anywhere (which is likely) then I'll exit and see where we are an hour or two after the N.F.P. numbers are released.
GBPAUD I Correction and more decline Welcome back! Let me know your thoughts in the comments!
** GBPAUD Analysis - Listen to video!
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GBPAUD I Intraday long opportunity Welcome back! Let me know your thoughts in the comments!
** GBPAUD Analysis - Listen to video!
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DeGRAM | GBPAUD trend continuation opportunityGBPAUD is currently pulling back from the resistance level to the support level and 38.2% fibo level.
Price tested the ascending channel border and bounced off it.
The market is in a bullish trend, making higher highs and higher closes.
We expect a trend continuation trade from the kill zone, support level, and fibo level.
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GBPAUD - Short after filling the imbalance ✅Hello traders!
‼️ This is my perspective on GBPAUD.
Technical analysis: After price broke the structure we can see lower lows and lower highs, so I will look for a short position. I want price to make a retracement to fill the imbalance higher and then to reject from bearish order block.
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GBPAUD Technical Analysis and Trade IdeaOn the higher time frame, the GBPAUD currency pair demonstrates a bullish trend, characterized by recent retracement movements that have brought it into an equilibrium zone.
Bullish Trend: The GBPAUD has been exhibiting a bullish bias, indicating strength in the British pound relative to the Australian dollar. This trend is evident over an extended period, suggesting potential further upside.
Retracement: Recent price action shows a retracement into an equilibrium zone, where a potential buy opportunity could present itself at around the 61.8% fibo level.
Disclaimer
This analysis provides a technical perspective on the GBPAUD currency pair. However, it is essential to emphasize that this information should not be construed as investment advice. Each trader’s risk tolerance, financial goals, and individual circumstances vary. Make informed decisions based on thorough research and a comprehensive assessment of all relevant factors.