AUDGBP trade ideas
Waiting for a third touch and bearish confirmation(short)Price is trending in a downtrend channel, correcting from a previous bearish impulse but recently price retraced and extended above last week high, but this week looks really volatile with high impact news for the AUD ,price could extend upwards but if a bearish confirmation aligns with a suitable confirmation candle and structure near price (1.92548) and possible retest opportunity after a double or triple top confirmation on the lower timeframes, stop loss to be set 380 pips away (1.92927), price could respect the channel and carry on with a downtrend.
Long GBP/AUD: A Strong Case1. Diverging Monetary Policies:
Bank of England (BoE) stance: If the BoE maintains a hawkish monetary policy, signaling potential interest rate hikes to combat inflation, it could strengthen the GBP.
Reserve Bank of Australia (RBA) stance: Conversely, if the RBA adopts a more dovish approach, signaling potential interest rate cuts or a pause in tightening, it could weaken the AUD.
Interest rate differentials: A widening interest rate differential between the UK and Australia can typically favor the GBP.
2. Economic Performance:
UK economic resilience: If the UK economy demonstrates resilience in the face of challenges like inflation and geopolitical uncertainties, it could boost investor confidence in the GBP.
Australian economic slowdown: If Australia's economy shows signs of weakening, such as declining GDP growth or deteriorating employment figures, it could negatively impact the AUD.
3. Geopolitical Factors:
Global risk appetite: A decline in global risk aversion can benefit the GBP, as it's often perceived as a risk-on currency.
Brexit developments: Positive developments in UK-EU relations or progress in trade deals could bolster the GBP.
Geopolitical tensions: Escalating geopolitical tensions involving major trading partners of Australia could negatively impact the AUD.
4. Commodity Prices:
Commodity price fluctuations: Australia's economy is heavily reliant on commodity exports. A decline in commodity prices, particularly iron ore and coal, could weaken the AUD.
GBPAUD - In bullish trend and playing hidden divergenceGBPAUD is in bullish trend. Analysed the chart on 1H time frame on the basis of bullish hidden divergence. Once spotted, placed a vertical marker on that candle and switched time frame to 15m and spotted the suitable opportunity for entry. The RR is 1% with TP set to 1:3.
The Signal is:
EP: 1.93445
SL: 1.93154
TP: 1.94322 (1:3)
RR: 1%
Lots: 0.45
GBPAUD- possible sell on the wayGBPAUD made a 3-3 structure after completing the x wave, So, what I see for now is a possible short, BUT no confirmation as yet!!! The sell may be aggressive just as the up move. Waiting for it to test the monthly level and watch how price reacts around those zones.
IF PRICE FALLS SLOWLY AND CHOPPY OR CONSOLIDATES AROUND THAT REGION, then price might continue to go long. for now, I see shorts. No confirmation as yet
sell opportunityThe GBPAUD pair presents an enticing sell opportunity at the current price of 1.93400, with favorable potential for profit.
Targets:
Primary Target: 1.92635
Secondary Target: 1.91400
Breakout Scenario: 1.93978
In the event of a breach above the resistance level of 1.93978, indicative of a bullish breakout, the target price is anticipated to ascend towards 1.9500.
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.
Potential short - GA Pull backI think that we MAY have a steep pullback based on the EW theory - it seems to have completed wave 1 and we have a wave 2 pullback in the 4hr TF and Daily - we could benefit buy selling the pullback - I will do further analysis - but I believe we will have many sell opportunities today.
GBPAUD shorts - 17th July 2024Here is why;
- Price has broken major weekly and daily regions without retracing.
- Today price is at a major daily level at 1.9275
- Price has tested that region then it seems to have broken below a major 4H level at 1.9255.
- The next major liquidity area is at 1.9220
GBPAUD trade ideaGBPAUD moving on a bullish trend, broke above structure and retested. looking for a continuation to the upside
waiting for a possible retest lower highPatiently waiting for a retest near the recent lower high, and completion of the Bat pattern.
Will be waiting patiently around 1.93010 above or below for a bearish signal to confirm a sell.
ICT Long setup GBPAUD👋Hello Traders,
Our 🖥️ AI system detected that there is an H1 or higher timeframe ICT Long setup in
GBPAUD for session trade (a couple of hours)
Please refer to the details Stop loss, FVG(Buy Zone),open for take profit.
For more ideas, you are welcome to visit our profile in tradingview.
Have a good day!
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GBPAUD Simple Trading PlansOutflows in FX Markets have led to a further fall on GBPAUD.
1) Currently sitting at key price action (long previous reaction) levels for entry.
2) Sentiment bias does not fit, so target is early.
Light size.
GA - Heading tp target 2I am continuing on from yesterday's successful analysis and I am heading to my 4hr TP. We can expect somewhat of a deep pull back around that area which we can sell before it continues.
SUGAR/USD Short, GBP/NZD Short, USD/CAD Neutral & GBP/AUD ShortSUGAR/USD Short
Minimum entry requirements:
• If 3 touch 1H continuation or 2 touch 1H continuation with 3 touch structural approach, 15 min risk entry within it.
GBP/NZD Short
Minimum entry requirements:
• 1H impulse down below area of interest.
• If 3 touch 5 min continuation or 2 touch 5 min continuation with 3 touch structural approach, reduced risk entry on the break of it.
• If 3 touch 15 min continuation or 2 touch 15 min continuation with 3 touch structural approach, 5 min risk entry within it, or reduced risk entry on the break of it.
USD/CAD Neutral
Minimum entry requirements:
• Tap into area of value.
• 1H impulse down below area of interest.
• If 3 touch 5 min continuation or 2 touch 5 min continuation with 3 touch structural approach, reduced risk entry on the break of it.
• If 3 touch 15 min continuation or 2 touch 15 min continuation with 3 touch structural approach, 5 min risk entry within it, or reduced risk entry on the break of it.
• 1H impulse up above area of value.
• If 3 touch 1H continuation or 2 touch 1H continuation with 3 touch structural approach, 15 min risk entry within it, or reduced risk entry on the break of it.
GBP/AUD Short
Minimum entry requirements:
• 1H impulse down below area of value.
• If 3 touch 15 min continuation or 2 touch 15 min continuation with 3 touch structural approach, 5 min risk entry within it.
GBPAUD Bearish Bias!GBP-AUD has almost reached
The supply cluster of the
Falling and horizontal levels
So a move down is to be
Expected towards the
Target of 1.89475 !
GBPAUD - Buy Limit GBPAUD is printing a series of HH's and HL's
Entry Point at 0.50 fib retracement level
No Bearish Divergence.
GBP/AUD Fully Closed +250 Pips 0 Drawdown , New Entry Valid !This Is An Educational + Analytic Content That Will Teach Why And How To Enter A Trade
Make Sure You Watch The Price Action Closely In Each Analysis As This Is A Very Important Part Of Our Method
Disclaimer : This Analysis Can Change At Anytime Without Notice And It Is Only For The Purpose Of Assisting Traders To Make Independent Investments Decisions.
GBPAUD: 2 Bearish Patterns 🇬🇧🇦🇺
I see 2 bearish patterns on GBPAUD.
The price formed a rising wedge pattern.
After its support breakout, the market also formed an inverted cup & handle formation.
Both patterns confirm the overbought state of the market.
We can expect a retracement at least to 1.912
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#GBPAUD, some confirmations to go shortThere is a head and shoulders pattern on the daily chart, and the price has just reached the retest neckline, respecting the 50% Fibonacci level. Therefore, I am going short.
