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Poundaussie

GBPAUD Long Trade Setup A #long trade opportunity recently presented itself on the #poundaussie (#GBPAUD) #trading chart 📈. This is indicated by the #bullish engulfing candlestick 🕯️ pattern just above the 1.91028 horizontal support level. This indicates a rejection of the same level, with potential price move in the upward ⬆️ direction (#buy). Sufficient upward momentum should see price rallying towards the 1.95000 psychological level and possibly testing the strength of the 1.95193 horizontal resistance level. As always, please apply appropriate risk management. Happy trading! #crosspair
Long
by charles-okoukoni
2
Swing Short Coming Up On Pound Aussie Hi Traders, Today I see a setup on Pound Aussie for a potential swing short which could yield a great return if patience and great trade management are applied. Price has clearly rejected a higher time frame Resistance and we are now looking at price pushing to the downside. I would like to see price take out the current support at 1.76580 where we can then wait for solid entry confirmations. If price closes above current support It may push to 1.7720 where we could look for entries as well in anticipation of price breaking the immediate support of 1.76580. Target one is at 1.7500 where I will secure 50% to 90% of my position depending on how price action forms. Let’s wait for the setup to come to us. NO FOMO!! Renaldo Philander.
Short
by Tradebudz
GBP/AUD Forecast: ShortHere is an analysis on GBP/AUD Currently @ 1.80100 Bearish Harmonic on the 4H chart suggests possible downtrend on the pair The pair has to break above resistance @ 1.81 to turn bullish We expect the pair to fall back to the 1.79 level and test support @ 1.79 OUR POSITIONS: Buy Stop @: 1.81200 Buy Stop TP @: 1.81700 Sell Stop @: 1.79900 Sell Stop TP @: 1.79500 Note: All investments involve risk, our analysis and trading strategy does not guarantee future results or returns. Investors are fully responsible for any investment decisions they make.
Short
by fxspott
GBPAUD - Another Push DownWe saw some bearish movement on GBPAUD yesterday however it appears a weak AUD caused a bullish reversal in the pair overnight. (I am currently in UAE timezone) At the time of writing, the London session has just begun & we see price action indicating that another move down may be imminent. I observe a bearish doji followed by what appears so far to be an aggressive bear candle (lets see how this hour closes!). Price appears to have rejected the 1.80 psychological level also. I am aware price appears to have broken the downtrend however if we observe a closure within the trendline then I will classify this as a fakeout. We can then look for short entries to ride priced down to the previous swing low at around the 1.78200 level.
Short
by MMQ_FX
GBPAUD – Week 9 – Higher probability downsideThis pair is in a big weekly consolidation that will prepare the down move. Last week we forecasted one more up move and the price went to the support area at 1.77-1.774 and then climbed sharply to 1.811 in 1 day. After the creation of the top at 1,811 we saw a sharp reversal and we are now in a consolidation zone. We think that the price may move up and down in this area between 1,77-1,80 but the bigger picture is down. We are expecting the price to break the reaction zone, consolidate and then continue down. Wait for your setups before entering a trade. Trade with care. Best regards, Financial Flagship Disclaimer: The analysis provided is purely informative and it should not be used as financial advice. Remember that you need a plan before you start trading; so, take this knowledge and use it as a guidebook that will ultimately help you understand the market and easily predict your next move.
Short
by financialflagship
8
GBPAUD – Week 8 – It’s still messyAs we were saying last week, GBPAUD is in a monthly downtrend that is making a big weekly correction which will probably feed the next down move. The price is still in the range that started at the beginning of the month. We have to watch the price action in the important area of decision between 1,776 and 1,77 to decide where the next big move will be; one more up and then continuation of the downtrend, or straight down to create new lows without the up leg. Trade with care. Best regards, Financial Flagship Disclaimer: The analysis provided is purely informative and it should not be used as financial advice. Remember that you need a plan before you start trading; so, take this knowledge and use it as a guidebook that will ultimately help you understand the market and easily predict your next move.
Short
by financialflagship
8
GBPAUD - It's on a mooooove!GBPAUD - I liked and still do feel GBPAUD has great trading opportunities, I've been swing/day trading GBPAUD. Hope you had or having a great weekend...so far! Let's dive into GBPAUD - Technical aspects: Pattern: Wedge Support: 1.77900, 1.77585, 1.76860, 1.76295 Resistance: 1.76295, 1.80200, 1.80450, 1.8100, 1.81580 How to play this trade idea? - Add alerts - Add limit orders - Adding further confluence, use your own trade plan - Wait for the break out, trade the pull back If you have any other currencies pairs you're interested in - give us a message or comment down below we will analyse them. Have a great week ahead. Best, Trade Journal (Disclaimer: Just a trade idea, not a recommendation)
by Trade_Journal
2
GBPAUD – Messy middleThis cross is in a monthly downtrend that started in March 2020. We are in a big weekly correction (started in July 2020) that will feed the continuation of the down trend. The price will either go one more up to reach the 1.8200 level or reverse and head down all the way to continue the big trend. For us it is important to read the price action in the decision zone or below it, as it will show us what is next for this pair. We advise caution because it’s 50-50 now. Trade with care. Best regards, Financial Flagship Disclaimer: The analysis provided is purely informative and it should not be used as financial advice. Remember that you need a plan before you start trading; so, take this knowledge and use it as a guidebook that will ultimately help you understand the market and easily predict your next move.
Short
by financialflagship
7