GBPAUD, H4Daily Direction BUY,+ Breakout BUY
H4 Breakout 1.93100
Entry 1.92915
Takeprofit 1.93590
Stoploss 1.9258
GBPAUD.10 trade ideas
sellcorrection downwards could be coming this week, always trade with a stoploss and use proper risk
GBPAUD is approaching the trendHey Traders, in tomorrow's trading session we are monitoring GBPAUD for a selling opportunity around 1.93700 zone, GBPAUD is trading in a downtrend and currently is in a correction phase in which it is approaching the trend at 1.93700 support and resistance area.
Trade safe, Joe.
Gbpaud, went higher as mentioned last weekHello fellow traders , my regular and new friends!
Welcome and thanks for dropping by my post.
Gbpaud likely should have more upside to come .Euraud has similar setup but will go for gbpaud instead.
Do check out my recorded video (in trading ideas) for the week to have more explanation in place.
Do Like and Boost if you have learnt something and enjoyed the content, thank you!
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GBPAUD I Technical and fundamental analysis and projection aheadWelcome back! Let me know your thoughts in the comments!
** GBPAUD Analysis - Listen to video!
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GBPAUD bullish rally..hey guys heres what i am looking at on GA. with the pound strength over the Aussi, and a beautiful hand and shoulder pattern being formed, i am expecting price to go the upside. personally i am long on GA.
GBPAUD - Sell StopDouble Top Pattern Plus Bearish Divergence
Sell as the price breaks the previous Higher Low and will start moving downwards.
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
