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Australian Dollar/British Pound

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AUDGBP trade ideas

GBPAUD shortsHere is why; Monthly; Price broke a major monthly region at 1.9970 and in the process has formed a higher high which shows that price is bullish. The long term monthly targets, I believe are 2.0375 However, that is not important for intraday trades Weekly; Price broke a major region at 1.9500 and it is yet to retest that region. I believe that price will retest that region before we see any upside movement Daily; Price formed a very long wick candlestick which shows me that price does not have enough orders to go to the upside. For this reason, I believe that some sell orders are due and price will inevitably retest the weekly region at 1.9500. However, if price does go lower, then the overall target is at 1.9435
Short
by kingmwenja
GBPAUD longHello traders, here is why I believe GBPAUD is due for longs; Monthly There is a bullish setup and the next major region on the timeframe is 1.9835 Weekly Nothing worth noting Daily Bullish setup formed in the last 2 days 4 hour There is a bullish setup since there are so many levels of liquidity that have been broken. My thesis is that price will retest 1.9627 before going upwards. This is because that is the region where most orders have been picked up and there is a lot of liquidity.
Long
by kingmwenja
GBPAUD - Look for Continuation Long (SCALP) 1:3!The structure is clearly showing an uptrend with a solid formation of HH andHL, failing to create a new L. This indicates a potential buy entry opportunity, supported by confirmations and confluences such as Fibonacci Retracement and SND principles. The target should be the nearest S zone. Avoid being overly greedy with this setup, especially with an upcoming high-impact GBP news event. Disclaimer: This is simply my personal technical analysis, and you're free to consider it as a reference or disregard it. No obligation! Emphasizing the importance of proper risk management—it can make a significant difference. Wishing you a successful and happy trading experience!
Long
by S-Fx_
1
Lingrid | GBPAUD long from the SUPPORTFX:GBPAUD is currently moving sideways following the pullback from the resistance zone, which has resulted in a complex pullback formation. The price has shown respect for the upward trendline, and I believe it may rise to test resistance if it pulls back to the support zone. I'm looking for a pullback opportunity, and I expect to enter a long position from there. My goal is to resistance 1.97430 Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad 👩‍💻
Long
by Lingrid
5