Show of hands time. Who else is in GBPAUD buys 🙋♂️Morning traders.
Second idea of the day already.
Our script overnight has alerted a GBPAUD buy.
Entry details are shown on the chart.
We're only looking for TP3.
Trade history can be seen below this trade idea too for full transparency.
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The stats for this pair are shown below too.
Thank you.
Darren
Gbpaudtrade
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 .
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S.Sadki
GBPAUDHello Traders Welcome back to another profit day
If you like my idea please give me a like and comment, That's will be a great appreciation to do more predictions
Here is the full analysis for this pair, Let me know in the comment section below if you have any questions, the entry will be taken only if all rules of the strategies will be satisfied. I suggest you keep this pair on your watchlist and see if the rules of your strategy are satisfied.
GBPAUD broke the minor resistance and tested the resistance as a support and moving into major resistance zone
Remember this analysis is not 100% accurate No single analysis is To make a decision follow your own thoughts.
The information given is not a Financial Advice.
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have a good profit week guys
Potential buy on GBPAUDGBPAUD broke out (up) of a significant zone this past week on the daily time frame. I expect a retracement back to the 0.382 of the Fibonacci. If this retracement terminates at 0.382 level with a break of structure to the upside, this will confirm the strength of the break that happened on the daily. The same 0.382 area was acting as a support that was broken and so should serve as a further confirmation. Once this happened, we should look to buy and target the next significant point on the daily. But for now, we wait to see what happens at that 0.382 zone.
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