GBPAUD Testing Support GBPAUD testing strong support area again, let's wait if support breaks or resist from the area.
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Gbpaudtrade
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
GBPAUD - Long from bullish order block ✅Hello traders!
‼️ This is my perspective on GBPAUD.
Technical analysis: After the change of character here price started to make higher lows and higher highs, so I am looking for long position. I want price to make a retracement to fill the imbalance lower and then to reject from bullish order block + institutional big figure 1.91000.
Fundamental analysis: Next week on Tuesday will be released Cash Rate on AUD, but on Thursday Bank Rate on GBP. These are important news, pay attention to the results in order to validate the analysis.
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GBPAUD, Expecting down MoveGBPAUD, I am expecting 400+ pips move from this level, minimum at least 250+ pips move should be there till latest H1 OB.
GBPAUD Downside Parallel ChannelGBPAUD ranging in downside parallel channel, wait for breakout to take entry.
Manage your risk accordingly!
GBPAUD Next Possible Move Pair : GBPAUD ( British Pound / Australian Dollar )
Description :
Bearish Channel in LTF & STF as an Corrective Pattern
Break of Structure
Impulse Correction Impulse
Fibonacci Level - 61.80%
Head and Shoulder
GBPAUD Leavid out the wedge to the NorthernTREND BULLISH
GBPAUD breaking now slowly the wedge consolidation to the upperside.
“The Bank of England has warned that it is likely to underwhelm with rate hikes as the UK enters a recession that could last until 2024.”
Economic growth will remain hampered and inflation high until the energy crisis eases – however this is to a large degree outside of domestic control, with Russia’s invasion of Ukraine driving up energy prices.
What Drives the Australian dollar?
The AUD is what is known as a commodity currency, in that it aligns itself with the world prices of primary commodity products. Australia relies on the export of certain materials such as coal and iron ore for a substantial part of its income.
“Given that China is the world’s largest consumer of commodities, and Australia’s largest trading partner, the health of the Chinese economy can be a key influence on AUD,” Griffiths says.
“The Australian dollar was weighed down in 2022 by global recession fears and the zero-Covid policy in China, its largest trading partner.”
By 2024, inflation in the UK is expected to return to target levels set by the Bank of England. Along with a recovery in economic growth and a potential resolution to the Brexit Northern Ireland protocol, the pound could see a “strong recovery,MAYBE!
GBPAUD Parallel ChannelGBPAUD ranging in upside parallel channel, wait for breakout to take entry.
Manage your risk accordingly!
GBPAUD Analysis the price managed to break the bullish trendline and form a bearish structure for now. If we pull the Fibo extension, the price is right at level 1. There is a possibility that the price will still go down to Fibo 1.618 where this area also intersects with strong support.
GBPAUDThis trade is again in the radar!!
If it gives me a bearish confirmation, I'm shorting the pair.
Disclaimer:
All trade ideas are given for educational purposes and should not be treated as an investment advice, hence do your due diligence. Past results does not guarantee future results
GBPAUD ABCD PatternGBPAUD completed ABCD pattern now hopefully we can see the retracement from here towards upside.
Manage your risk accordingly!
GBPAUD 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 Analysis 11July2023if we pull the trendline as in the picture, it looks like a bullish channel. today there has been a high enough bullish movement to form a BoS. the closest target is the channel trendline above.
GBPAUD Triple Top ChartGBPAUD is forming triple top on 1hr chart hopefully we can see the sell pressure through this resistance.
Manage your risk accordingly.
GBPAUD Double Top on 1hr ChartGBPAUD is forming double top on 1hr chart hopefully we can see the sell pressure through this resistance.
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.
Cup And Handle in GBP/AUDGBP/AUD is in strong uptrend. Price is continuously making higher highs and higher lows.
Checking out recent price action, the price has formed a Cup and handle pattern which is a bullish pattern.
Once the neckline is broken out, I expect price to rise further.
Wait for daily candle to close above the neckline. Then we can enter into LONG SWING TRADE.
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
A Unique Perspective on GBPAUD PairBased on our analysis, we anticipate a bullish trend for the GBPAUD pair in the coming weeks. The fundamental factors indicate a relatively stronger outlook for the GBP compared to the AUD. Positive economic data and improving sentiment in the UK, coupled with potential uncertainties surrounding the Australian economy, suggest a favorable environment for the GBPAUD pair.
Our profit target for this trade idea is set at 1.97500, representing a significant upside potential. We anticipate a gradual appreciation of the GBP against the AUD as market conditions align with our analysis.
To manage risk, we establish a stop loss area at 1.87900. If the trade goes against our prediction and the price reaches this level, we would exit the trade to limit potential losses.
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 and GBPCHF 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 A rectangle is formedDear traders,
GBPAUD is forming in rectangle with strong support and resistance. We expect the price will reach 1.86071 and continue decreasing by 377 points.
If you have any question, please subcribe the Channel.
Regards
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.
