GBPAUD - Sell StopDouble Top Pattern Plus Bearish Divergence
Sell as the price breaks the previous Higher Low and will start moving downwards.
AUDGBP trade ideas
GBPAUD Long Setup1.GBPAUD broken the current trendline but hasn't crossed 200 EMA yet. So we have to wait for it.
2.Once we got the confirmation we can take an entry for Long from the support zone.
3.Recent AUD negative news may impact against GBP after a huge a Short. This might be a reversal for a GBPAUD.
GBPAUD Is A BuyReasons to go long in GBPAUD:
- Price found support at an order block that also coincides with the 50% retracement of the upward movement since the beginning of the week
- clearly bullish reaction to the support level
- Price target derived from EW theory harmonizes with an order block that also forms a resistance zone
GBPAUD - Look for Continuation Long (SWING) 1:6!Hey followers! SFX is back after a loooooooong break! Here we go with the first setup after my comeback :)
The price is forming a descending triangle pattern on the higher time frame and is currently reaching the top descending line. Despite this, there is no sign of bearish momentum yet, as it is supported by a strong daily trendline. Be cautious of fakeouts, which are common as liquidity traps that can trigger stop-losses before the price potentially rises significantly.
Zooming in to the lower time frame, we observe a strong bullish flag, indicating that buyers are still active.
What should we do next?
Wait for another confirmation, such as the next candlestick or chart pattern, once the Daily/H4 closes before going long. If confirmation is given and the daily support holds, be prepared for the price to potentially rise significantly.
Oh, by the way, fundamentally, AUD is correlated with GOLD. Currently, DXY is showing strong bullish momentum and is consolidating (pulling back) at the moment. What does this mean? GOLD = AUD = Bearish.
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!
Channel.Price has been trending in a channel but also completing a wave count within the channel.
Waiting for a retest.
GBPAUD Will Move Lower! Sell!
Take a look at our analysis for GBPAUD.
Time Frame: 4h
Current Trend: Bearish
Sentiment: Overbought (based on 7-period RSI)
Forecast: Bearish
The market is approaching a key horizontal level 1.923.
Considering the today's price action, probabilities will be high to see a movement to 1.918.
P.S
Overbought describes a period of time where there has been a significant and consistent upward move in price over a period of time without much pullback.
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GBP/AUD BEARS ARE STRONG HERE|SHORT
Hello,Friends!
We are going short on the GBP/AUD with the target of 1.903 level, because the pair is overbought and will soon hit the resistance line above. We deduced the overbought condition from the price being near to the upper BB band.However, we should use low risk here because the 1W TF is green and gives us a counter-signal.
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gbpaud about to go down. maninfxzw1 key day retest of key bos, ie resistance
1 day downtrend resistance
4 hr rsi divergence
1hr bearish wedge pattern about to break
sell, sell,sell
GBPAUD with a bullish momentum, 2hrGBPAUD was consolidating for quite some time while ranging in a downtrend inside that consolidation period.
But it then broke out of our downtrend an preparing to buy it failed to cross our zone in 1.92490 making a resistance for quite some time. Then It made an Inverse Head & Shoulder to gain enough momentum to be bullish.
Therefor if it crosses the green line and retest then we will be going for strong buys but if it goes below the red line then trade is invalid.
GBPAUD: Bearish Forecast & Outlook
The charts are full of distraction, disturbance and are a graveyard of fear and greed which shall not cloud our judgement on the current state of affairs in the GBPAUD pair price action which suggests a high likelihood of a coming move down.
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retracementThe GBPAUD is retracing to a key level around 1.91628, which is anticipated to act as a strong support and demand zone. This area is expected to have high liquidity, making it a potential reversal point where buying interest could overpower selling pressure, leading to a price increase. Traders should monitor this level closely for signs of buying strength and potential entry points for long positions.
What's next for GBPAUD? after we've a strong move up we've been in the correction now we can se more potential going lung
GBPAUD longWeekly;
[/b
]Price closed above 1.9105 region which is a massive buy zone.
We rested that zone last week and this week as well.
This tells me that price is headed upwards
Daily;
Price retested 1.9100 twice and gained a rush of momentum to the upside.
Yesterday we saw that price broke above the previous high of 1.9250 and formed a body closure above 1.9180 which is a daily region.
However, orders were not enough to take it to 1.9290.
So it has price is looking for a region to collect orders
4 hour;
For this timeframe, I am looking for regions to buy price.
The regions include;
1.9135 (highest confluence)
1.9180
GBPAUDGBPAUD is currently making HH and HLS , expecting it to move further after breakout . As there is no divergence.
GBPAUD-Bullish After posting double bottom with bullish RSI divergence on one hour timeframe, GBPAUD gave breakout and is making HH and HL. Bullish trend is expected
GBP/AUD LongMontly Chart neutral. Weekly shows an inverted FVG and we respected the last bullish FVG. Same for the daily chart. We trade above the previous day high.
IF the current 2h candle closes without potentially triggering my proposed entry level AND stays an inside candle as of now, this could be a long for me. Entry around 1.9184. Stop around 1.9167. First TP around current day high at 1.9210. Second TP around 1.9245.
Be aware: The shown CRV of the first entry is only about 1.6. So try to get an entry on a lower timeframe like 15min to reduce your stop and maximise the CRV
GBPAUD has oppourtunity for Inverse SHS patternGBPAUD, wait break 1.9230 with full candle dan wait for retest, will give us oppourtunity for inverse SHS pattern. with target Take profit at 1.9400-1.9450 dan SL i will put at 1.9130.
Lets See
Happy Trading
Disclaimer On
GBPAUD Expected Growth! BUY!
My dear followers,
I analysed this chart on GBPAUD and concluded the following:
The market is trading on 1.9104 pivot level.
Bias - Bullish
Technical Indicators: Both Super Trend & Pivot HL indicate a highly probable Bullish continuation.
Target - 1.9173
About Used Indicators:
A super-trend indicator is plotted on either above or below the closing price to signal a buy or sell. The indicator changes color, based on whether or not you should be buying. If the super-trend indicator moves below the closing price, the indicator turns green, and it signals an entry point or points to buy.
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WISH YOU ALL LUCK
GBPAUD is BullishBulls seem to be in control of the price action as bullish RSI divergence appeared on 1H time frame. Moreover, previous lower high was broken and a higher high was printed, currently price is defining a higher low after which it will move further up. Targets are mentioned on the chart.
