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GBPAUD.10 trade ideas

Lingrid | GBPAUD pullback Towards BEARISH ContinuationThe price perfectly fulfilled my previous idea. It hit the target zone. FX:GBPAUD is currently making lower lows, which indicates a prevailing bearish momentum. The recent price action shows that it broke and closed below the consolidation zone, further reinforcing the bearish outlook. Additionally, the price tested the resistance zone twice before breaking through, highlighting the significance of that level. Therefore, I expect the market to pull back toward the resistance zone before continuing its bearish movement. This pullback could provide a good opportunity for sellers to re-enter positions, anticipating further downward pressure. My goal is support zone around 1.94295 Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad 👩‍💻
Short
by Lingrid
6
GBPAUD: Support in Focus – Will Support Hold or Lead to a Drop?GBPAUD is currently at 1.9630, and there's an important support level at 1.9587. We have two possible scenarios to watch for: If the price holds above 1.9587: This could be a sign that the price will move higher. If it stays above the support, we could see it rise to around 1.9693. If the price breaks below 1.9587: If it goes below the support level, then we might see the price drop further, possibly down to the trendline support, which is between 1.9520 and 1.9500. So, watch how the price reacts around 1.9587. If it holds, we might see a move up to 1.9693. But if it breaks, the price could drop towards 1.9520 and 1.9500.
by FXTradingAnalysis
1
Bearish drop?GBP/AUD is rising towards the pivot which has been identified as an overlap resistance and could drop to the 1st support which is a pullback support. Pivot: 1.95584 1st Support: 1.94410 1st Resistance: 1.96411 Risk Warning: Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Forex and CFDs may not be suitable for all investors, so please ensure that you fully understand the risks involved and seek independent advice if necessary. Disclaimer: The above opinions given constitute general market commentary, and do not constitute the opinion or advice of IC Markets or any form of personal or investment advice. Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, are intended only to be informative, is not an advice nor a recommendation, nor research, or a record of our trading prices, or an offer of, or solicitation for a transaction in any financial instrument and thus should not be treated as such. The information provided does not involve any specific investment objectives, financial situation and needs of any specific person who may receive it. Please be aware, that past performance is not a reliable indicator of future performance and/or results. Past Performance or Forward-looking scenarios based upon the reasonable beliefs of the third-party provider are not a guarantee of future performance. Actual results may differ materially from those anticipated in forward-looking or past performance statements. IC Markets makes no representation or warranty and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast or any information supplied by any third-party.
Short
by ICmarkets
Bearish drop?GBP/AUD is reacting off the pivot which acts as a pullback resistance and could drop to the 1st support which has been identified as a pullback support. Pivot: 1.9634 1st Support: 1.9498 1st Resistance: 1.9734 Risk Warning: Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Forex and CFDs may not be suitable for all investors, so please ensure that you fully understand the risks involved and seek independent advice if necessary. Disclaimer: The above opinions given constitute general market commentary, and do not constitute the opinion or advice of IC Markets or any form of personal or investment advice. Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, are intended only to be informative, is not an advice nor a recommendation, nor research, or a record of our trading prices, or an offer of, or solicitation for a transaction in any financial instrument and thus should not be treated as such. The information provided does not involve any specific investment objectives, financial situation and needs of any specific person who may receive it. Please be aware, that past performance is not a reliable indicator of future performance and/or results. Past Performance or Forward-looking scenarios based upon the reasonable beliefs of the third-party provider are not a guarantee of future performance. Actual results may differ materially from those anticipated in forward-looking or past performance statements. IC Markets makes no representation or warranty and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast or any information supplied by any third-party.
Short
by ICmarkets
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Short
by Thief_Trader