AUDGBP trade ideas
GBPAUD Short! 21/5/2024GBPAUD Short!
D1 price ranging back to the original level.
SL - 1.90692
TP - 1.89619
Breakout StrategyI look for consolidation at areas of support and resistance, then wait for price action that represents a strong breakout. It's important to understand the difference between a breakout move and what I call an exhaustion move, which I define a candle that is substantially longer than the previous candles at the top or bottom of a trend. This type of price action usually leads to profit taking. I define a breakout as a move through several areas of support or resistance such as moving averages and pivot areas. Patience is key because statistically, Reversals or Breakouts have an 80% failure rate, so it's important to understand how to differentiate between a failed breakout or reversal and a legitimate breakout or reversal.
GBPAUD SELLS @ 1.9075Selling GBPAUD here as there is strong supply at current price. However, looks like price has eaten into the majority of the supply so half risk on this one.
GBPAUD - BUY
All GBP pairs are strong
Has retraced into FVG on 15 m
But chasing is dodgy
So Buy on pull back would be the go I think in this case
Always someone taking profits on sudden push ups
GBPAUDGBPAUD has broken above the trendline following an accumulation zone, indicating a potential upward movement. This bullish outlook is reinforced by the break of the lower high (LH). A prudent stop-loss placement would be just below the newly established higher low (HL)
SOYBN/USD Short, WTICO/USD Short,WHEAT/USD Short & GBP/AUD ShortSOYBN/USD Short
Minimum entry requirements:
• Tap into area of value.
• 1H impulse down below area of interest.
• If 2 touch 15 min continuation, 5 min risk entry within it, or reduced risk entry on the break of it.
WTICO/USD Short
Minimum entry requirements:
• 1H impulse down below area of value.
• If 2 touch 15 min continuation, 5 min risk entry within it, or reduced risk entry on the break of it.
WHEAT/USD Short
Minimum entry requirements:
• 1H impulse down below AOI.
• If 3 touch 1H continuation, 15 min risk entry within it, or reduced risk entry on the break of it.
GBP/AUD Short
Minimum entry requirements:
• Break above area of value.
• 1H impulse down below area of value.
• If 2 touch 15 min continuation, 5 min risk entry within it, or reduced risk entry on the break of it.
Potential GBP/AUD Sell Trend Continuation Opportunity. I will be looking to take a sell trade from around the 1.91000 level expecting a trend continuation looking for price to fall into 1.86500 level over the next few weeks.
From a technical perspective a long term trendline has been broken on the Daily / Weekly timeframe.
The market is bearish on the monthly timeframe.
A stop loss above 1.92000 would seem to be a great protective area with a strong level of resistance formed on the 4HR timeframe.
GBPAUD: Bullish Reversal Now Confirmed?!Update for 📈GBPAUD.
The GBPAUD price has successfully surpassed and closed above the resistance level of a narrow horizontal range and a declining trend line on a 4-hour chart, signaling a strong bullish trend.
The broken resistance is now turned to support
Taking into consideration that the market has been consolidating for the past two weeks, it is expected that the pair will continue to increase in the coming days. The next objectives to watch for are 1.9098 and 1.9152.
GBPAUDGBP/AUD is the abbreviation for the British Pound and Australian Dollar pair. It shows how much the GBP (base currency) is worth as measured against the AUD (counter currency)
AUDCHF 4H*). Consolidation Phase:The price has been consolidating for some time, indicating a period of market indecision. During this phase, the price is likely to oscillate within a defined range without a clear trend direction.
*). Breakout with Momentum:Recently, the price broke out of a horizontal structure with a substantial momentum candle on the 4-hour (4H) timeframe. This breakout suggests a strong shift in market sentiment and a potential end to the consolidation phase.
*). Target Resistance Level:Following the breakout, there is an expectation for the price to grow towards the 1.92500 resistance level. This target is likely based on historical price action, where the 1.92500 level has previously acted as a significant resistance.
The recent breakout from consolidation with a strong momentum candle on the 4-hour timeframe suggests a bullish trend. The anticipated movement towards the 1.92500 resistance level will be a critical point to watch for further price action signals. (Good Luck 🤞🤞)
GBP/AUD Confirmed Inverted H&S Pattern , Second Entry Valid Now 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 Technical Analysis! SELL!
My dear followers,
This is my opinion on the GBPAUD next move:
The asset is approaching an important pivot point 1.9037
Bias - Bearish
Technical Indicators: Supper Trend generates a clear short signal while Pivot Point HL is currently determining the overall Bearish trend of the market.
Goal - 1.0899
About Used Indicators:
For more efficient signals, super-trend is used in combination with other indicators like Pivot Points.
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WISH YOU ALL LUCK
GBPAUD - Potential 450pip move upPower of Three setup.
Price just broke out of the tight range.
If it manages to climb from here back into the green area, the pattern is more or less confirmed and target will be the top, ~ 1.9500.
GBPAUD 30Mins I am pleased to inform you that the price has successfully reached the take profit level we had set. This achievement reflects our well-executed strategy and market analysis. Moving forward, let's review the performance and strategize our next steps to ensure continued success. 👏👏👏
GBPAUD 30Mins Intraday Bullish:
*. Trend Line Break:The price has broken and is trading above a previously declining trend line. This indicates a potential shift from a bearish to a bullish trend.
*. Horizontal Structure Break:On the 1-hour (1H) timeframe, the price has also broken and closed above a significant horizontal resistance level. This further confirms the bullish momentum.
*. Expectation:Based on the above technical signals, there is an anticipation that the price will continue to rise towards the target level of 1.90250.
Action Plan:Monitor the price action for any pullbacks or retests of the broken horizontal structure or trend line, which could serve as potential entry points for long positions.Set stop-loss orders below the recent low or the broken horizontal resistance to manage risk.Consider partial profit-taking or trailing stop strategies as the price approaches the target level of 1.90250. (Good luck 🤞🤞)
GBP/AUD Short Trade (LONDON SESSION)Broken trend line, market structure showing bears pulling down.
this resistance area is being tested. if we stay below then we should see market oull down for 1:5 risk to reward. great RR.
would no no sense for buys right now. market can reverse but technical wise showing sells.
GBPAUD Is Very Bearish! Short!
Here is our detailed technical review for GBPAUD.
Time Frame: 8h
Current Trend: Bearish
Sentiment: Overbought (based on 7-period RSI)
Forecast: Bearish
The market is testing a major horizontal structure 1.895.
Taking into consideration the structure & trend analysis, I believe that the market will reach 1.881 level soon.
P.S
The term oversold refers to a condition where an asset has traded lower in price and has the potential for a price bounce.
Overbought refers to market scenarios where the instrument is traded considerably higher than its fair value. Overvaluation is caused by market sentiments when there is positive news.
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✅GBP_AUD WILL KEEP FALLING|SHORT🔥
✅GBP_AUD is trading in
A downtrend and the pair
Has formed a range pattern
So IF we see a bearish breakout
Then we will be expecting
A further move down
SHORT🔥
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GBPAUDGBPAUD
Breakdown:
#Timeframe Confirmation
Hour: Downtrend
Daily: Downtrend
weekly: Downtrend
#Perception
We in a downtrend and looking to continue selling
