AUDGBP trade ideas
GBPAUD +500 PIPSSo, we have reached the exit point on GBPAUD.
This was a beautiful setup...
And price moved smoothly with almost zero draw down...
Overall, our risk on this instrument was around 70 pips.
Onwards and upwards we go...
Forwards ever backwards never.
GBPAUD at a RESISTANCE !!!!!!!!!Today we see GA making headways as it rejects a very solid resistant level at 1.95727. This is obeying structure and we should be expecting to see GA bleed from this zone to the next support key zone @ 1.92628.
Let me know what you think
GBPAUD at a RESISTANCE !!!!!!!!!Today we see GA making headways as it rejects a very solid resistant level at 1.95727. This is obeying structure and we should be expecting to see GA bleed from this zone to the next support key zone @ 1.92628.
Let me know what you think
GBPAUD: Technical Sell Setup AnalysisGBPAUD: Technical Sell Setup Analysis
Overview
The GBPAUD currency pair has recently displayed a potential bearish setup on the daily chart. After a sustained bullish trend, technical indicators and chart patterns suggest a reversal towards a bearish market. Here’s a detailed analysis highlighting why this pair might be a good sell opportunity.
Key Technical Levels
1.Resistance Levels:
- 1.9360 - 1.9370: Major resistance zone where the price has repeatedly failed to break through, indicating strong selling pressure.
- **1.9400: Psychological resistance level which marks a significant barrier for buyers.
2. Support Levels:
- 1.9300: Immediate support level which, if broken, could accelerate the bearish momentum.
- 1.9160: Strong support zone that coincides with previous lows, acting as a potential target for sellers.
Technical Indicators
1. Relative Strength Index (RSI):
- The RSI is currently showing bearish divergence, with lower highs being formed on the indicator while higher highs are seen on the price chart. This divergence often precedes a price reversal.
Trade Setup
- Entry: Consider entering a short position around the current price level or on a pullback towards the 1.9320 resistance zone.
- Targets: Aim for initial targets at the 1.9240 support level, with further potential down to 1.9160.
- Stop Loss: Place a stop loss above the recent highs, around 1.9370, to manage risk.
Risk Management
Trading involves significant risk, and it’s crucial to manage your positions carefully. Always use stop losses and adjust your trade size to align with your risk tolerance. Conduct your own research and consider seeking advice from a financial advisor.
This comprehensive analysis, grounded in technical indicators and chart patterns, provides a solid foundation for a potential sell setup in the GBPAUD currency pair. By keeping an eye on key levels and market signals, traders can make informed decisions and capitalize on the potential bearish movement.
GBP-AUD Is Overbought! Sell!
Hello,Traders!
GBP-AUD is going up
But the pair is locally
Overbought so after it
Hits the horizontal
Resistance of 1.9567
From where we will be
Expecting a local
Bearish correction
Sell!
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GBPAUD short and longPrice is currently close to a resistance zone, with a clear reverse candle stick pattern, one can enter a short trade with the idea that it will close the fair value gap left behind. Possibly price will trigger the order block and continue to the upside based on the change of character marked with the red arrow.
Please do feel free to share alternative perspective towards the analysis
GBPAUD SCALPING LONG TRADEWait for a retracement, currently pending a confirmation that confirms we can enter a long trade to scalp some profits.
Lingrid | GBPAUD counter TREND trading OPPORTUNITYThe price perfectly fulfills my last idea and reached support level. The market is approaching the March high, a key resistance area where the price has bounced off in the past. I expect that if the resistance rejects the price again, it may lead to a pullback down to test the support level. This could manifest as a double top or bearish divergence, indicating a potential reversal. In anticipation of this short-term pullback, I'm looking for a counter-trend opportunity to enter at the resistance zone and channel border, setting up for a potential entry point. My goal is to support level at 1.93570
Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad 👩💻
sell opportunityThe GBPAUD pair presents an enticing sell opportunity at the current price of 1.94991, with favorable potential for profit.
Targets:
Primary Target: 1.93570
Secondary Target: 1.91400
Breakout Scenario: 1.92638
In the event of a breach above the resistance level of 1.95688, indicative of a bullish breakout, the target price is anticipated to ascend towards 1.9700.
Technical analysis indicates a notable selling sentiment prevailing in the market at the present price level.
Fundamental factors align with the proposed sell strategy, suggesting downward pressure on the GBPAUD pair.
Prudent risk management measures should be employed to mitigate exposure to potential adverse market movements.
Disclaimer: This analysis is provided based on current market conditions and historical price data. Traders are advised to conduct independent research and exercise caution, employing appropriate risk management techniques, before executing any trading decisions.
GBPAUD Simple Trading PlansGBPAUD has rallied significantly on continued pound strength/near term sentiment. Important UK data comes this week which may change sentiment / momentum direction.
Short side preferred on value, See Stoch, distance from MA's.
Long term sentiment case still fits falls / long term downtrend (slower RBA easing cycle).
GBP/AUD stretched and nearing known reversal area GBP/AUD is rarely as overbought as it is right now. And when it has been this overbought in the recent past, it’s usually coincided with a near-term top. It’s also fast approaching 1.9500, a level that has been akin to poison for longs throughout 2024. Combined, it has me on alert for a potential topping signal, providing the catalyst to establish shorts with favourable risk-reward.
It’s clear the bulls are in control right now. But should we see a topping pattern – be it a bearish pin, tombstone doji or similar – the tale of the recent tape suggests getting short could prove fruitful. But wait for the appropriate signal before doing so.
Those considering taking on the trade could place a stop above 1.9570 for protection. Potential targets include 1.93493, the former downtrend just below 1.9300 or 1.9250.
DS
GBP_AUD RESISTANCE AHEAD|SHORT|
✅GBP_AUD is going up to retest a horizontal resistance of 1.9571
Which makes me locally bearish biased
And I think that we will see a pullback
And a move down from the level
Towards the target below at 1.9459
SHORT🔥
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GBPaud analysis elliot Update. 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
GBPAUD – 2 touches … the week of 22 July, 2024Once again, this pair is moving sideways between 1.9320 and 1.8910. Two touches on either side defines a valid range that can be traded and I will set a pending short trade near the top with target near the bottom of the range. I just want to capture about 75% of the down move if it happens.
This is not a trade recommendation, it is just my analysis.
You should be aware that trading carries a high level of risk, so only trade with money you can afford to lose. Please use sound money and risk management if/when you trade.
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GBPAUD UPDATESo GA has climbed another 160pips +
And taken out take profit 2...
This set up is also completed in my eyes.
But for banter I will keep my eyes on it and expect it to hit TP3.
This was a fun set up.
gbpaud analysis elliot. 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
GBPAUD Bank Bullish Robbery plan To make moneyMy Dear Robbers / Traders,
This is our master plan to Heist GBPAUD Bank based on Thief Trading style Technical Analysis.. kindly please follow the plan I have mentioned in the chart focus on Long entry. Our target is Red Zone that is High risk Dangerous level, market is overbought / Consolidation / Trend Reversal at the level Bearish Robbers / Traders gain the strength. Be safe and be careful and Be rich.
Note: If you've got a lot of money you can get out right away otherwise you can join with a swing trade robbers and continue the heist plan, Use Trailing SL to protect our money.
Stop Loss : Recent Swing Low using 3h timeframe
Warning : Fundamental Analysis comes against our robbery plan. our plan will be ruined smash the Stop Loss. Don't Enter the market at the news update.
Loot and escape on the target 🎯 Swing Traders Plz Book the partial sum of money and wait for next breakout of dynamic level / Order block, Once it is cleared we can continue our heist plan to next new target.
Support our Robbery plan we can easily make money & take money 💰💵 Follow, Like & Share with your friends and Lovers. Make our Robbery Team Very Strong Join Ur hands with US. Loot Everything in this market everyday make money easily with Thief Trading Style.
Long trade
RR 9.65
Buyside
30min TF
Entry 1.92894
Profit level 1.94341 (0.75%)
Stop level 1.92744 (0.15%)
BULLISH CONTINUATIONPrice is in an up trend as it was shown from our previous posts, we think that we are done with wave 3 and now entering the wave 4 correction as per the Elliott Wave Guidelines. Let's expect a little pull back and there after proceed with the up movement.
For another entry to join the movement, we wait and confirm as to what kind of structure is the correction, we're expecting a Simple Zig Zag as a variation. Nothing is confirmed yet, we wait for the market to unfold.
Could this be a potential trap for bears?? If we look at the chart we are seeing a potential trap for those who are already selling. The pattern seems like to be building momentum for a bullish continuation trend to the upside. Remember if we look at the chart the long term trend is bullish .I believe maybe we might see a continuation of the bullish bias. The only time I'm only willing to sell is when the price breaks below my marked demand zone. If my demand zone is broken that would likely see a very strong bearish trend but as it stands buyers are still in control.
