GBPAUD We are expecting sellers on GBPAUD. The market has already created and double top as the confirmation of a downtrend.
AUDGBP trade ideas
GBPAUD-ShortGBPAUD was trading in bullish trend now forming RSI divergence at the resistance so we will take a short trade at the break of HL
Short on GBPAUDPotential fall, going to break the rising wedge and RSI divergence at the same time, can expect a fall
GBP/AUD Analysis and Sell Trade Review### GBP/AUD Analysis and Sell Trade Review
#### Market Context:
1. **Swing High Taken Out**: The market has made a new high, indicating potential liquidity grabs where traders' stop-loss orders above the previous highs might have been targeted and executed. This can often lead to a reversal or a significant pullback as the liquidity above the swing high is consumed.
2. **Fair Value Gap (FVG) Created**: An FVG typically represents a price imbalance where the market moved too quickly, leaving behind a gap in the order flow. This gap can serve as a potential resistance area where price might reverse or consolidate before continuing its previous trend.
3. **Change in Status Delivery**: This term suggests a shift in market dynamics, possibly indicating a change from bullish to bearish sentiment. This change might be confirmed by a break in market structure, such as lower highs and lower lows forming after the swing high is taken out.
#### Sell Trade Setup:
Given these conditions, here is a structured approach to a sell trade:
1. **Entry Point**:
- After the swing high is taken out, wait for price to enter and react from the FVG. Look for bearish reversal patterns or confirmation signals, such as bearish candlestick formations (e.g., pin bar, engulfing pattern) or a break below a key support level within the FVG.
2. **Stop Loss**:
- Place the stop loss above the recent swing high or above the upper boundary of the FVG. This helps protect against false breakouts or continued bullish momentum.
3. **Target Levels**:
- The first target could be the nearest significant support level or the low of the previous consolidation range.
- Further targets can be set at key Fibonacci retracement levels or prior swing lows, where price might find support.
#### Trade Management:
- **Risk Management**: Ensure proper risk-to-reward ratio, ideally aiming for at least 1:2 or 1:3.
- **Trailing Stop**: As the trade moves in your favor, consider trailing the stop loss to lock in profits and minimize potential losses.
- **Monitoring News and Events**: Keep an eye on economic news and events that might impact GBP/AUD, as they can cause sudden market volatility.
#### Example Scenario:
- **Entry**: After price takes out the swing high and enters the FVG, a bearish engulfing candle forms, indicating a potential reversal. Enter a sell position at the close of this candle.
- **Stop Loss**: Set the stop loss above the swing high.
- **Take Profit**: Set the first target at the previous swing low, and additional targets at further support levels or Fibonacci retracement zones.
By following this structured approach, you can manage your GBP/AUD sell trade effectively, aligning with the observed market conditions and technical analysis.
GA Buys Continuation FX:GBPAUD keeps creating new highs, only makes sense to follow the trend. After creating a new high, we are seeing a reaction at the order block level. Looking for choch/bos on 15m TF then set buys at the OB on 15m that created the high that created a choch/bos.
FINALLY A BREAKOUT ON GBPAUD LOOKING AT A STRONG LONGTERM BUYThis currency pair has been on my watch list, it has been consolidating for quite some years looking triangle formation on the monthly time frame and has not been making any meaningful moves. But that just changed in past couple of days.
It finally broke out of the triangle which is in the 2nd wave of the higher degree in the monthly time frame , meaning we are now looking at the most anticipated, a 3rd wave of the higher degree, which just began by the way.
NB: NEVER TRADE AGAINST THE TREND. So in the lower time frame it has completed five waves and began a retracement wave ABC, its now completed wave A, we are looking at a wave B forming then we should expect a sharp decline of wave c, hopefully at the 0.382 Fib level then a continuation of the buy after a double bottom formation. Buy entries should be expected at the beginning of the dip(at the apex) and should be held up to 2.20571 level. Happy trading Mates.
Over+750 pip in GBP/AUD in our last call(07/31/2024)in our last analysis
We were expecting a big rally for GBP/AUD. Since then the price moved in our favor and made over +750 pip for us.
Despite weaker CPI data for AUD, we are now looking for a correction in the 1.98 zone.
Our technical view has been shown in the chart.
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Team Fortuna
-RC
(Disclaimer: Published ideas and other Contents on this page are for educational purposes and do not include a financial recommendation. Trading is Risky, so before any action do your research.)
SELLING GBP/AUD from 1.9771Last Thursday's daily candle on GBP/USD (25th July) closed with a nice long tailed pinbar.
Becuase of this and becuase the RSI on D1 closed at 83.42 , I've been keeping my on this pair in anticipation of a move south.
The next 4 daily candles were all doji indecision candles and with the RSI moving to 79.45, then GBP/AUD looked ready for a move south.
However.
Its imperative that if you have a trade planned and you intend to hold the trade overnight then you MUST check for news.
This morning at 02:00 UK time, the CPI numbers were released and though the CPI q/q and CPI y/y met target, the Trimmed Mean CPI missed coming in 0.8% against 1.0% expected.
This was sufficient for the AUD to sell off aggresively and GBP/AUD was sent 151 pips higher.
A look on the H4 time frame and you can see that the previous 2 H4 candles form a pincer/double op and the current H4 candle is BEARISH.
This looks a good opportunity for SHORT trades.
The ANdean Oscillator on H4 is rising from zero as the green BUY line crosses the signal line.
These are BEARISH signs.
RSI is declining.
MACD has yet to catch up on H4 but on M30 the fast MA has crossed the slow MA and on H1 the 2 MA's are moving together and edging south.
All the signs are that this pair is moving lower and with AUD/USD turning BULLISH then I think this trade has a good chance.
Target is open but the band of support at 1.9620 area looks a potential target although tomorrow BOE Monetary Policy and MPC Bank Rate makes all technical analysis redundant.
Long trade
Sunday, 28th July 2024
Buyside Trade observation.?
Tokyo Session
4Ht TF Entry
Entry: 1.95380
Profit Level: 1.98109 (1.40%)
Stop Level: 1.95068 (0.16%)
Risk/Reward Ratio: 8.75
GA SELL completing C waveI see the market has finished the B WAVE of the corrective move during the Asian session, and now the market is transitioning to the DOWNWARD move of the third wave, I believe we can look for sells during the remainder of the week, keep an eye out for the pullbacks and news.
Swing short on GBPAUDEntry: 1.9777
TP1: 1.93
TP2: 1.892
SL: 2.00
Approaching yearly resistance level, RSI is well overbought on the daily chart
SWING TRADE . GBPAUDThere could be a continuation to hit 98500 upward. since AUD INDEX is weak , this could be achieved.
GBPAUD - 4hrs ( Buy Trade Target Range 240 PIP ) ✔️Pair Name : GBP/AUD
Time Frame : 4hrs Chart / Close
Scale Type : Large Scale
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Key Technical / Direction ( Long )
Type : Mid Term Swing
———————————
✔️Bullish Break
1.94000 Area
Reasons
- Choch Zone
- Pattern Break
- Fixed Range lvn
- Visible Range lvn
- Fibo Golden
- Day / week high
✔️Bearish Reversal
1.96400 Area
Reasons
- Major Turn level / D
- Pattern Target
- Visible Range Hvn
- Choch Area
- Fixed Range Hvn
- Quarters Area
GA BUY to complete B waveUsing the Asian range and market structure (Elliot wave) I can see that GA is beginning to move up after completing its 2nd wave in the B wave down, it is time for it to complete its wave to the upside.
GBPAUD Potential Buy SetupGBPAUD Buy setup in view
One more leg before a reversal ?
Time will unveil
GBPAUD Short OpportunityGBPAUD has been Bullish for a long time.
On H4, price has started to show signs of bullish weakness.
Since price is heavily extended, we can expect a good correction.
Look for Shorts at current price, with Stop Loss above the Daily pivot.
"Make sure you risk appropriately for the trade"
GBPAUD making bullish flag & poleGBPAUD making bullish flag & Pole
Entry according to AB = CD buystop above B
SL below C
Plan a 2nd trade from PRZ
GBP/AUD SELLERS WILL DOMINATE THE MARKET|SHORT
Hello, Friends!
GBP/AUD pair is in the uptrend because previous week’s candle is green, while the price is obviously rising on the 12H timeframe. And after the retest of the resistance line above I believe we will see a move down towards the target below at 1.930 because the pair overbought due to its proximity to the upper BB band and a bearish correction is likely.
✅LIKE AND COMMENT MY IDEAS✅
SHORT TERM SELL — TO CONTINUE UPSIDE GAAfter analysing the daily-5m TF i can see that the market is doing a somewhat of a major pullback which i will be selling before it continues to the upside.
GBPAUD Possible Long Position BBMA OA ReEntry Zone Zero Loss4H - Re-Entry
1H - 50 EMA Rejection + Bollinger Band
Rejection
15m - Entry in MAHI
Note:
* Cancel trade or cut-loss when candle close Below MALO (2 Red Color Lines) in 4H
* 1:3 RRR
* TAYOR
A combination of multiple moving averages and Bollinger Bands is the BBMA OMA Ally strategy. It provides an extensive and reliable examination of market trends and patterns by utilizing the strength of both indicators. It is a multi-time frame analysis
I am using the BBMA OA Reentry Zone Zero Loss Strategy as a basic reaction to recent market events, rather than attempting to forecast the market's future course
GBPAUD LONGGBPAUD is currently retesting a previous break out zone. We could see GBPAUD bounce from here and continue its upward trend.
