GBPAUD Price is expected to rally up to complete minute wave 5 of minor wave 3. Before we start the correction of minor wave 4. Target is expected to be 100% of wave 1 or 161.8% of wave 1
AUDGBP trade ideas
GBPAUD shortGA & EA are now headed to the downside. My trade set-up is triggered by the August 5th wick on the daily candle. By taking the liquidity from the top of the market we can immediately target the lows that the market came from prior to that move (1.8910) this is about 755 pips. this is my stop run set-up...it is a ICT concept.
GBPAUD -UK will continue its economic growth?!The GBPAUD currency pair is above the EMA200 and EMA50 in the 4H timeframe and is moving in its upward channel. In case of upward correction, we can see the supply zone and sell within that zone with appropriate risk reward.
The International Monetary Fund (IMF) has forecast that Asia’s economy will grow by 4.6% in 2024 and by 4.4% in 2025. Downward price pressures from China could impact countries with similar export structures and lead to trade tensions.
The UK Debt Management Office (DMO) plans to auction £59.2 billion in conventional long-term government bonds in the fiscal year 2024-2025. According to the DMO, the net issuance of government bonds for this fiscal year is projected to reach £296.9 billion.
Meanwhile, the Office for Budget Responsibility (OBR) has indicated that the previous government did not provide all necessary information, and if it had, their spring budget forecast would have been significantly different.
OBR forecasts suggest that the consumer price index (CPI) will reach 2.6% in 2025 (compared to the 1.5% forecast in March), 2.3% in 2026 (March forecast 1.6%), 2.1% in 2027 (March forecast 1.9%), 2.1% in 2028 (March forecast 2.0%), and 2.0% in 2029.
The forecasts also project GDP growth of 2.0% in 2025 (March forecast 1.9%), 1.8% in 2026 (March forecast 2.0%), 1.5% in 2027 (March forecast 1.8%), 1.5% in 2028 (March forecast 1.7%), and 1.6% in 2029.
Reeves, the UK Chancellor, stated that there will be more plans aimed at boosting economic growth. Yesterday, the UK sold £2.25 billion in bonds maturing in 2053, with a bid-to-cover ratio (B/C) of 3.15, up from the previous 3.08. The average yield on these bonds was 4.831%, higher than the previous yield of 4.735%.
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GBPAUD had a deep retest on Thursday and now I am bullish After a big move to the up side, we had a deep retest. Looking for a continuation to up side up to 1.99634.
GBPAUD Completes Same Harmonic Pattern TwiceGBPAUD Completes Same Harmonic Pattern Twice
GBPAUD has completed a bearish harmonic pattern for the second time near a strong daily zone.
This area has previously pushed the price down multiple times.
Additionally, this week, the Reserve Bank of Australia (RBA) sent a hawkish message regarding its economy, supporting AUD strength. Although the impact was not immediate, it may support AUD in the coming days.
GBPAUD is expected to reach 1.9600 as a minimum correction, with the second target at 1.9400 and the third at 1.9200.
You may find more details in the chart!
Thank you and Good Luck!
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GBP/AUD: Bulls Hit the Brakes, Bears Gear Up for a Drop!Alright, fam, let’s break down GBP/AUD on this Thursday afternoon. We’re looking at a strong move up that’s been grinding higher, but it’s run into some resistance near that 1.9889 weekly level. This is a significant area to watch since it aligns with previous rejections on the weekly.
On the daily chart, we’ve got a rejection candle forming just below the weekly resistance, signaling some potential exhaustion on the bull side. The daily 21 EMA has been trailing upward, showing continued bullish momentum, but with price tapping resistance, we could be setting up for a pullback if the bulls can’t keep the pressure. Ideally, I’d look for confirmation of bearish pressure around 1.9689 (a daily resistance), seeing if the price will fall below it, possibly aiming for the next support around 1.9503 or even 1.9365 on a deeper pullback.
On the 4-hour, it’s showing a potential short setup if we break down below the 1.9624 area, as that aligns with a trendline break and lower timeframe structure shift. I’m looking for a retest of this zone if we get the breakdown, with potential entries around 1.9630 with a target down to 1.9503. Remember, wait for confirmation before pulling the trigger; let the price show you that it’s ready to drop before hopping in.
GBPAUD OCT Week 2Hello guys - Peace be upon you.
We got some great set up for this. just wait for some retest and we can go.
Hope you like it :-)
GBPAUD OCT WEEK 4This pair has already made a Swing point and this is really ideal to take some action.
GBPAUD Is Bearish! Sell!
Take a look at our analysis for GBPAUD.
Time Frame: 9h
Current Trend: Bearish
Sentiment: Overbought (based on 7-period RSI)
Forecast: Bearish
The market is approaching a significant resistance area 1.973.
Due to the fact that we see a positive bearish reaction from the underlined area, I strongly believe that sellers will manage to push the price all the way down to 1.953 level.
P.S
We determine oversold/overbought condition with RSI indicator.
When it drops below 30 - the market is considered to be oversold.
When it bounces above 70 - the market is considered to be overbought.
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GBPAUD ANALYSISgbpaud analysis on impulse and correction. why the market is going down? why is going to go up?
GBPAUD FORECASTStructure are looking stronger, price action is looking stunning. From the higher timeframe we can see price has shown the signal that it is going to the downside. we just need some confirmation before we make decision to execute our positions!
GBP-AUD Bullish Bias! Buy!
Hello,Traders!
GBP-AUD is trading in an
Uptrend but the pair is
Making a local bearish
Pullback and will soon
Retest a horizontal support
Of 1.9680 from where we
Will be expecting a
Bullish rebound
Buy!
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Check out other forecasts below too!
GBPAUD: Short Signal Explained
GBPAUD
- Classic bearish pattern
- Our team expects retracement
SUGGESTED TRADE:
Swing Trade
Sell GBPAUD
Entry - 1.9763
Stop - 1.9881
Take - 1.9531
Our Risk - 1%
Start protection of your profits from lower levels
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Scenario GBPAUDIn general, from the higher time frame, the correction is complete, the market has formed a double peak, where the second peak is formed by a double peak at the end of the formation in a downward trend, therefore, I lean towards the short position
GBPAUD likely bearish short termThe chart displays a strong uptrend, with the price making higher highs and higher lows, indicating bullish momentum.
There's a resistance around 1.9780 level
The support zones are around the 1.9580 and 1.9400 levels
if the price stays above the Ichimoku Cloud and key support levels, the uptrend remains intact
If price breaks below the lower support at 1.9400 with strong bearish volume, this could suggest a deeper correction.
gbpaud sell signal. Don'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
HIT TP 👇👇👇
GBPAUDConfluence of harmonics Cypher and Butterfly patterns. Supply zone looking for sell opportunities.
Continued GBPAUD Trade BUYPrice Action won't let me let go of this trade. My runner is running through resistance levels with ease so added another position at 1.97805 and wanted to share my thoughts on target levels.
Will update if I have to exit the trade before the final target due to trend exhaustion.
SEE PREVIOUS TRADE IDEA FOR ANALYSIS.
GBP/AUD Potential to move higherPrice likely to move higher if correction on GBP/AUD ends here. I'm going long here for a couple of reasons.
The bearish trend line on the H4 has broken out.
Price has confirmed Higher low Higher high formation.
R.R: We have a decent 1:2 risk reward chance here.
GBPAUD Long Trade Setup Going Long on GBPAUD early in the week. The pair looks set to continue higher and put further gains on the table.
Entry: 1.9600
Targets: 1.9808 & 1.9999
Stops: 1.9430
#GBPAUD #Tradesetup #Long
GBPAUD UPTREND CONTINUATIONPrice has broken out of 4 hour triangle pattern and closed above daily resistance zone.
Entered after retest of broken resistance.
Final Target 3:1 R/R
A Golden Zone Fib Pullback to 50-38.2%. Very bullish momentum.
The Pound is on fire lately with strength to the upside.
This is educational post to show where a buy order could be placed between 50-38.2 as low as possible.
Stops could be placed at swing low area 1,97.85 (tight)
