GBPAUDGBPAUD trade of the week, I'm interested for price to create a high of the week or a certain supply area for me to short this trade, Perhaps if price retest the 1.97835 and then a bos
GBPAUD trade ideas
Master this REVERSAL setupConsider price is in the downtrend- LL, LH formation creating IMPULSIVE MOVE. Mostly corrective move have 3 upside failed pushes and another BoS on downside and failing to retest creates "pinbar" and price extend further downside breaking 3 candle retracement. After that any pullback into an OB i.e. failed retest could be a potential opportunity.
(1st) Failed to make HH-HL
(2nd)BoS of Structural range (deep pull back)
(3rd) BoS of 3 candle retracement (Pin bar formation)
(4th) Pull back into OB will be an entry point.
GBP/AUD ShortGBP/AUD Short
Minimum entry requirements:
• Tap into area of value.
• 1H impulse down below area of interest.
• If tight 15 min continuation follows, 5 min risk entry within it, or reduced risk entry on the break of it.
GBP/AUD BEST PLACE TO BUY FROM|LONG
Hello, Friends!
Previous week’s red candle means that for us the GBP/AUD pair is in the downtrend. And the current movement leg was also down but the support line will be hit soon and lower BB band proximity will signal an oversold condition so we will go for a counter-trend long trade with the target being at 2.020.
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Pound Down Under: Will the FVG Hold or Flip? - GBPAUDThe GBPAUD chart showcases intriguing price action with a potential bearish setup. Following the raid on higher time frame (HTF) buyside liquidity (weekly), price has displaced lower, signaling a short-term bearish bias.
On the daily timeframe, price has formed a high-probability FVG after raiding a short-term low. This FVG becomes a key level to watch:
-Scenario 1: If price respects the FVG, expect continuation to the downside, targeting sell-side liquidity levels at 1.98994 and 1.97929.
-Scenario 2: If the FVG is disrespected and used as an Inverse Fair Value Gap (IFVG), anticipate a bullish reversal, potentially pushing price higher.
Conclusion:
Short-term bearish bias targeting sell-side liquidity zones.
Monitor the FVG closely for confirmation or invalidation.
DYOR!
GBPAUDThe GBP Retail Sales m/m data coming in at greater than 0.4%, beating expectations of 0.4 is a positive indicator for the British economy. This suggests that consumer spending is holding up, despite concerns about inflation and economic uncertainty
As a result, we can expect the British Pound Sterling (GBP) to strengthen against other currencies. A strong retail sales report typically boosts the currency, as it indicates a healthy economy and increased consumer confidence.
Here are some potential implications for the GBP:
- Increased Demand: A strong retail sales report may lead to increased demand for the GBP, driving up its value against other currencies.
- Improved Economic Outlook: The positive data may lead to an improved economic outlook for the UK, which could support the GBP in the long term.
- Potential Rate Hikes: A strong economy, as indicated by the retail sales data, may lead to potential rate hikes by the Bank of England, which could further strengthen the GBP.
Keep in mind that market conditions can change rapidly, and other economic indicators may influence the GBP's value. However, for now, the strong retail sales data is a positive sign for the British Pound Sterling.
on a flip side below expectation will be a sell time for GBPAUD
Daily Forecast 16/01/2025Hello, this is my daily forecast for 16/01/2025. Thank you and curious for your feedback
GbpAudWe see a good opportunity for sell here after the waves and correction the price tested 78.60 fibo zone and going for sell, the break happened and we are still waiting for more sell to come..
GL to all
16.01.25 Morning ForecastPairs on Watch -
FX:USDJPY
OANDA:XAGUSD
FX:GBPAUD
A short overview of the instruments I am looking at for today, multi-timeframe analysis down to what I will be looking at for an entry. Enjoy!
GBPAUD FOR LONGThis Weekly FORECAST
Opportunity for GBPAUD. This setup is my trading idea/plan, if you want to follow: trade at your own risk (TAYOR).
Risk Factors:
1. Market conditions, unexpected news, or external events could impact the trade.
2. Always use risk management strategies to protect your capital.
GBP/AUD potential rebound ahead? 200+ pips swing sell
Currently, GBP/AUD is pulling back from the upper boundary of its established trading range. Price is testing support near 1.96015, with a possible extension toward 1.93966 If it stabilizes around these levels, I expect a move back into the central zone of the range before the market decides on its next direction.
System gives a short signalPrice seems to be bearish. My system tells me to get short. When/if 1st target gets hit, i will then move my stops to breakeven and then it will be a risk free trade.. With a risk ratio of 1:3 i can be wrong more than 60% of my trades and still be profitable. I never risk more than 2% per trade.
GBPAUD zones of interestZones that price may react to. These zones mist only be taken if market conditions are correct, if risk flows are in play, use major pair for your execution.
GBPAUD OUTLOOKThe 12 month chart shows price reacting from a strong demand zone though the price is yet to contact the unmitigated supply at 2.4 price handle.
On the monthly chart, price has created a bearish order flow indicating seller pushed price to the identified 12-month demand zone at 1.44 price handle. The internal structure on the monthly charts shows price struggling to create new highs, indicating bears are still in control of this market.
On the weekly charts, the market structure shows a short term bullish correction within a larger bearish swing structure. We have several bearish change of characters indicating bears are still controlling this market. Presently, price has formed higher highs and is correcting targeting the unmitigated zone at 1.89. If price pushes further below 1.85, we will have confirmation of bearish market structure targeting the 1.71 price handle.
The Daily chart confirms bearish order flow, we will wait for bullish price correction thereafter place our sell limits targeting the unmitigated demand on the weekly chart.
GBPAUD BUTTERFLY PATTERN Harmonic Pattern Trading Strategy:
1. Combine patterns with 2-3 confirmations (e.g., MA, BB, RSI, Stoch) for increased accuracy.
2. Implement proper risk management.
3. Limit exposure to 3% of capital per trade.
4. Exercise caution: Not every Harmonic Pattern presents a good trading opportunity.
5. Conduct thorough diligence and analysis before trading.
Disciplined approach = Enhanced edge.
Potential bullish reversal?GBP/AUD is falling towards the pivot which has been identified as a pullback support and could bounce to the pullback resistance.
Pivot: 1.9649
1st Support: 1.9486
1st Resistance: 1.9816
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.
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GBP/AUDHigher timeframe indicates we are in a bearish run in which I will be looking for the structural continuation to take short for a RE after the H1 rejection candle.
Will be keeping this on close watch along with NZD/CAD as they both look very promising !
Gbp/Aud BreakoutGbp/Aud looks like a breakout to the downside about to begin according to the Ichimoku Elite Pro indicator.
GBPAUDGBPAUD's outlook for today seems bearish, after testing 1.97436 a break of structure the price is seen going down with a potential decline to 1.96619 before 4 hr break of structure provided the buy demand structure
we are predicting a bearish continuation after a retest of a recently broken daily horizontal support at 1.97230 with a double top pattern on an hourly time frame confirming this outlook However, GBPAUD may resume its upward movement from a major support level, potentially targeting the roof of the descending bearish channel.
we hope the demand floor potential can sustain the 4hr buy.
nice buy idea running in 30pips
GBPAUD: Bearish Continuation After Breakout 🇬🇧🇦🇺
GBPAUD will most likely continue falling after a retest of a recently
broken daily horizontal support.
As a confirmation, I see a double top pattern on an hourly time frame.
Goals: 1.9704 / 1.9680
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GBPAUD: Long Trade Explained
GBPAUD
- Classic bullish setup
- Our team expects bullish continuation
SUGGESTED TRADE:
Swing Trade
Long GBPAUD
Entry Point - 1.9743
Stop Loss - 1.9644
Take Profit - 1.9955
Our Risk - 1%
Start protection of your profits from lower levels
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Bulls getting ready for Pound Aussie. Load your accounts!GBPAUD Long opportunity coming,
Key areas to lookout for before we start longing!
GBPAUD MARKET ANALYSIS AND PRICE PREDICTIONGBPAUD, is currently going downward and will soon fill up an imbalance and mitigate an Order Block at Institutional Renegotiation Zone at 75% discount Price. Price will Consolidate at that zone and decision will be taken in favor of the Bulls again. Market will break a structure upward and first take profit will be the FVG , and second take profit will be the renegotiation resistance to sweep off the Buyside liquidity.
Entry, Take Profit 1&2 and stop loss are clearly stated on the chat.
GOOD LUCK GUYS!
Trading System => PRORARP
