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Australian Dollar/British Pound

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AUDGBP trade ideas

GBP/AUD - Test on extremely overbought levelsHi friends our next opportunity that we would take a look is GBP/AUD , as of now the pair ended up reaching overbought levels above 100 in the RSI , on 1H and 4H time frames, so we would be testing out with a retracement pannel to the previous strong resistance level before acknowledging what would be the next move, previously on the up-side we had tremendeous success with this trade Entry : 1.99200 Target 1: 1.98782 Target 2 : 1.97952 Stop loss : 1.99700 As always my friends happy trading! P.S. If you have questions or inquiries about one of my existing set-ups or personal questions / 1 on 1 sessions consider joining my channel so you can follow up with me in private!
Short
by DG55Capital
3
GBPAUD at most important resistance since 2020The GBP/AUD pair shows a notable pattern on the daily chart, displaying a clear uptrend that has persisted since July 2024, characterized by rising lows but encountering resistance at the 2.000 level. Recently, the price approached 1.9967, a significant resistance level not seen since 2020. This level is pivotal, not just as a historical high, but also as a key psychological barrier near the round number of 2.000. Following this resistance testing, the price has begun to exhibit signs of weakness, indicating a potential reversal or at least a short-term correction. Current Market Context The bullish trend has been backed by a distinct ascending trendline connecting the key lows. However, as the price neared the 1.9967 resistance, candles with long upper shadows emerged, signaling rising selling pressure. Potential Sell Opportunity: Close Below 1.9735 A close below 1.9735 would result in a Bearish Engulfing pattern, where a bearish candle completely covers the previous bullish one, indicating a shift in market sentiment toward sellers. In this context, closing below 1.9735 would validate this pattern and support a potential sell-off. Characteristics of the Potential Sell Trade: Entry Point: Approximately 1.9730 (upon a close below 1.9735). Stop Loss: 2.0010, above the recent high, to guard against false breakouts. First Target: 1.9350 (380 pips away), aligning with significant support from November, where the price faced strong rejection previously. Second Target: 1.9150 (580 pips away), corresponding to an even stronger support level, reinforced by the long-term ascending trendline. Risk-Reward Ratio: Risk: 280 pips (from 1.9735 to the stop at 2.0010). Reward: First Target: 380 pips (Risk-Reward Ratio: 1.35). Second Target: 585 pips (Risk-Reward Ratio: 1.52). This scenario presents an attractive opportunity for traders seeking a short-term trend reversal. Scenario: Breakout of 2.000 Resistance Conversely, if the price breaks and closes above 2.000, this historical resistance would be invalidated, potentially allowing the uptrend to continue. In this case: Entry: Close above 2.000. Stop Loss: 1.9900, positioned below the broken resistance to protect against retracements. First Target: 2.0100 (90 pips from the entry), a significant psychological level likely to attract market interest. Second Target: 2.0250 (240 pips from the entry). Signals Against Selling: A breakout candle with increasing volume above 2.000. Sustained closes above the resistance, indicating buying momentum. In this scenario, the bullish structure would resume, with buyers regaining control. Summary The GBP/AUD pair is at a critical juncture. A Bearish Engulfing pattern following a close below 1.9735 could present a viable sell opportunity, supported by clear targets and a favorable risk-reward ratio. Conversely, a break above 2.000 could pave the way for new highs, sustaining the uptrend. Traders should closely observe price movements in the upcoming sessions to determine the likely outcome. Disclaimer: 74% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. Past performance is not necessarily indicative of future results. The value of investments may fall as well as rise and the investor may not get back the amount initially invested. This content is not intended for nor applicable to residents of the UK.
Short
by Marketscom
GBPAUD - 4 Year Plan. Over 8,000pips To Be Made! Here we have the 2week chart of GBPAUD. Wave A = 5 wave Leading diagonal. Wave B = Complex WXY correction (3x3x3) Wave C = Expecting 5 Waves We are currently on final part of Wave B. As mentioned above, Wave B is a WXY correction so each part has 3 subwaves. We are in Wave Y, subwave B. We believe the top has been made for wave subwave B and so we can look to trade the minor wave c (red move) with stops above the current highs. GBPAUD 2D Chart Trade Idea (Red Move): - Risk entry on market open - Stops above invalidation level - Targets: 1.915 (800pips), 1.86 (1400pips) Once the red move is done, we can focus on the blue move. Goodluck and as always, trade safe!
by WicktatorFX
2
GBPAUD Opportunity Presenting Itself Just have to be patient As we navigate these pairs, it’s important that we take our time to thoughtfully develop our strategy. Currently, our time frames are aligned; however, we do need to see the price on the 4-hour chart turn bearish. This movement will help guide the price back to the daily area of interest (AOI). Once we observe the price shifting back to a bullish trend, we will patiently await a pullback on the 4-hour chart. This will provide us an opportunity to analyze the lower time frames for a sign of strength (SOS) before proceeding with our trade. It’s essential to remember that exercising patience often yields the best results, and a more measured approach can lead to success.
Long
by SmartCharts_
GBPAUD-SELL strategy 9 Hourly chartThe pair moved like a bullet, and it has harmed many on its way. The RSI's which are important criteria are even higher than the October run up. The current pattern is a false BULL FLAG and this usually suggests a correction back to the base of the pole again. That is why, regardless where we stop, the return level will be roughly the same. It even appears we have forgotten the commodities, and metals, support the pair. If you look at AUDCAD, it makes no sense at all, a weak OIL price and stronger and holding gold price should strengthen the AUD. so all in all, a good case we should correct. Strategy ADD SELL @ 1.9920-1.9980 area or higher, and place profit near 1.9678.
Short
by peterbokma
GBP_AUD (250 Pips)The GBP/AUD pair has recently hit a high of 1.99742 and is retreating from resistance for the third time in 12 months. Here's a detailed analysis for the coming 3 days: Fundamental Analysis The GBP/AUD pair is influenced by several factors: 1. Economic Data: Upcoming US jobs data and Federal Reserve rate signals will likely impact both currencies. 2. Central Bank Policies: The Bank of England and Reserve Bank of Australia's monetary policies will play a crucial role in determining the pair's direction. 3. Global Risk Sentiment: As the AUD is considered a risk-sensitive currency, global economic conditions and risk appetite will affect its performance against the GBP. Technical Analysis The GBP/AUD pair is showing signs of potential bullish momentum, but faces significant resistance: 1. Resistance Levels: The pair is encountering strong resistance around the 2.00 level, having failed to break through this level for the third time in 12 months. 2. Support Levels: Key support levels to watch are 1.97580 (yesterday's low) and 1.96300. 3. Moving Averages: The pair is trading above its 200-day moving average, indicating a long-term bullish trend. 4. Momentum Indicators: The Relative Strength Index (RSI) and MACD are showing upward momentum, but may be approaching overbought territory. Short-term Outlook (Next 3 Days) 1. Bearish Scenario: Failure to break the 2.00 level could lead to a pullback towards 1.97500 and possibly 1.96300. 2. Range-bound Trading: Given the recent rejection at resistance, the pair may consolidate between 1.97500 and 2.00000 in the short term. Key Factors to Watch 1. US Non-Farm Payrolls: This data release could cause significant volatility in both GBP and AUD against the USD, indirectly affecting GBP/AUD. 2. Australian Economic Data: Any surprises in Australian economic indicators could impact the AUD's strength. 3. UK Political and Economic Developments: News related to UK economic performance or policy changes could influence GBP strength. Traders should remain cautious and use appropriate risk management strategies, especially given the pair's recent approach to a significant resistance level. The outcome of the US jobs report and central bank communications in the coming days could provide clearer direction for this currency pair.
Short
by NYHTSTAR
GBPAUD Is Very Bearish! Short! Please, check our technical outlook for GBPAUD. Time Frame: 8h Current Trend: Bearish Sentiment: Overbought (based on 7-period RSI) Forecast: Bearish The market is on a crucial zone of supply 1.988. The above-mentioned technicals clearly indicate the dominance of sellers on the market. I recommend shorting the instrument, aiming at 1.970 level. 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. Like and subscribe and comment my ideas if you enjoy them!
Short
by SignalProvider
1
GBPAUD to turnaround?GBPAUD - 24h expiry Although the bulls are in control, the stalling positive momentum indicates a turnaround is possible. The hourly chart technicals suggests further upside before the downtrend returns. Risk/Reward would be poor to call a sell from current levels. Preferred trade is to sell into rallies. Bespoke resistance is located at 1.9850. We look to Sell at 1.9850 (stop at 1.9900) Our profit targets will be 1.9710 and 1.9680 Resistance: 1.9850 / 1.9900 / 1.9930 Support: 1.9700 / 1.9600 / 1.9500 Risk Disclaimer The trade ideas beyond this page are for informational purposes only and do not constitute investment advice or a solicitation to trade. This information is provided by Signal Centre, a third-party unaffiliated with OANDA, and is intended for general circulation only. OANDA does not guarantee the accuracy of this information and assumes no responsibilities for the information provided by the third party. The information does not take into account the specific investment objectives, financial situation, or particular needs of any particular person. You should take into account your specific investment objectives, financial situation, and particular needs before making a commitment to trade, including seeking advice from an independent financial adviser regarding the suitability of the investment, under a separate engagement, as you deem fit. You accept that you assume all risks in independently viewing the contents and selecting a chosen strategy. Where the research is distributed in Singapore to a person who is not an Accredited Investor, Expert Investor or an Institutional Investor, Oanda Asia Pacific Pte Ltd (“OAP“) accepts legal responsibility for the contents of the report to such persons only to the extent required by law. Singapore customers should contact OAP at 6579 8289 for matters arising from, or in connection with, the information/research distributed.
Short
by OANDA
GBPAUD - Short Plan on Fundamentals & Technical BasesFundamental Analysis: Key indicators, including the LEI and both Endogenous and Exogenous factors, have been steadily declining on a weekly basis. This indicates a weakening outlook for the GBP against the AUD, supporting a bearish perspective on the pair. Seasonality: Historically, GBPAUD tends to exhibit a bullish bias during the first week of December, suggesting a potential seasonal opportunity for taking long positions. COT Report: Flip data suggests a shift in market sentiment from a bullish to a bearish bias. Technical Analysis: The GBPAUD has been in an uptrend, forming higher highs (HH) and higher lows (HL) on the 1H timeframe. However, it's showing signs of bearish divergence, aligning with a previous bearish divergence. This creates a potential shorting opportunity if the price breaks below the most recent lower low. Conclusion: Even though December typically signals a seasonal buy for GBPAUD, the shift in COT bias, weaker GBP fundamentals, and bearish divergence forming near the upper trendline point to a bearish setup. Here's my shorting plan: Entry Price: 1.97185 (Sell Stop) Stop Loss: 1.98440 Take Profit: 1.9593
Short
by aakalu
2
GBPAUD MARKET ANALYSIS AND PRICE PREDICTIONGBPAUD has been reordered at 50% Fib at the renegotiation zone, price has mitigated an order block and has cleared off the Buyside liquidity. Price is presently consolidating around the mitigated order block for a retracement to mitigated and unmitigated order block around the renegotiation and reorder zone. The retracement decision stands, market will break structure downward and give the Bears a short term trade, after mitigation, the Bulls will have any chance to go long and enjoy the ride up again. Entry, take profit and stop loss are all well stated on the chat. Good Luck Guys!
Short
by Akpambang
GBPAUD-SELL strategy - 6 Hourly chart GANN SQThe pair has tested 1.9795 the top of GANN resistance, and fell back to 1.9730 and now we are somewhere slightly higher at 1.9755 of this writing. Overall we wilo see a lower level again and I suspect 1.9665 test. GOLD is firm, and inflation numbers in Australia caused the spike, but we should not forget UK likely will have 4 rates cuts next year, which means the cross is overdone short-term. Strategy SELL @ 1.9750-1.9785 and take profit @ 1.9668 for now.
Short
by peterbokma
8
GBP/AUD finalising bull run before we test ResistanceHi dear traders, we are joining with the GBP/AUD after it already confirmed it's uptrend structure so we can extract a decent amount of pips until we go to the next Strong Resistance line and we find the proper direction as to where would we follow up with this Currency Pair. Current entry 1.95250 Target : 1.96300 When we go to a point of surpassing the Resistance Line we would revisit this pair so we can see if there is a safe landing into extracting more value before the next structure formulates.
Long
by DG55Capital
Bearish drop?GBP/AUD is reacting off the resistance level which is a pullback resistance that lines up with the 138.2% Fibonacci extension and could drop from this level to our take profit. Entry: 1.9787 Why we like it: There is a pullback resistance that lines up with the 88% Fibonacci retracement, Stop loss: 1.9878 Why we like it: There is a pullback resistance level. Take profit: 1.9650 Why we like it: There is a pullback support level that lines up with the 50% Fibonacci retracement. Enjoying your TradingView experience? Review us! Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Everest Fortune Group’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Everest Fortune Group.
Short
by VantageMarkets