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GBPAUD trade ideas

GBPAUD has been in a downtrend ?GBPAUD has been in a downtrend, with the recent drop starting from 1.93. However, the price has recently recovered past this resistance level, with the key point for momentum shift at 1.91. Based on this, I believe the market is about to reverse and could potentially return to previous highs. If a buy position is taken at the current level, the risk-to-reward ratio could reach 3:1. This is the simplest one-time entry method. However, if it were me, I would add to my position daily until I reached an appropriate level. Afterward, I would use automated tools to achieve a 2:1 or 3:1 risk-to-reward ratio with a trailing stop to maximize gains during market fluctuations. The key to trading lies in having an effective system and strategy. If you don’t have one yet, you are welcome to join us and learn more about the framework trading system we are using.
Long
by Day_Trading_Attack_Penguins
GBPAUD Is Bearish! Short! Please, check our technical outlook for GBPAUD. Time Frame: 1h Current Trend: Bearish Sentiment: Overbought (based on 7-period RSI) Forecast: Bearish The market is on a crucial zone of supply 1.923. The above-mentioned technicals clearly indicate the dominance of sellers on the market. I recommend shorting the instrument, aiming at 1.919 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 A Fall Expected! SELL! My dear friends, My technical analysis for GBPAUD is below: The market is trading on 1.9241 pivot level. Bias - Bearish Technical Indicators: Both Super Trend & Pivot HL indicate a highly probable Bearish continuation. Target - 1.9192 About Used Indicators: A pivot point is a technical analysis indicator, or calculations, used to determine the overall trend of the market over different time frames. ——————————— WISH YOU ALL LUCK
Short
by AnabelSignals
1
Short GBP/AUDFundamental Outlook: UK Economic Data: Recent economic indicators from the UK, such as lower-than-expected growth figures, continue to exert downward pressure on the GBP. Australian Economic Strength: Stronger Australian fundamentals, including robust employment numbers and rising exports, provide support to the AUD. Technical Analysis: Resistance Zone: GBP/AUD is facing strong resistance near 1.9400, as observed on the daily chart. Multiple rejections at this level signal potential bearish momentum. Moving Averages: Price is trading below the 21-day EMA, which aligns with the downtrend. RSI: The Relative Strength Index (RSI) is near the overbought zone, suggesting the pair might be due for a correction lower. Candlestick Patterns: A bearish engulfing pattern on the 4-hour chart adds to the short bias. Market Structure: The pair has been forming lower highs and lower lows, indicating a bearish trend continuation. Key support around 1.9000 is the next potential target if the selling pressure continues. Key Levels: Entry Zone: 1.9180–1.9200 Stop Loss: 1.9400 (just above recent swing highs) Take Profit: 1.9000 (next support zone)
Short
by mohammad_alavi
1
GBPAUD potential drop and continuation of the down trendGBPAUD has been respecting the upward trendline for over a month but now appears poised to break through, potentially triggering a significant sell-off. On the daily timeframe, the price action looks quite bearish. The formation of a consolidation zone just above the trendline suggests the market is preparing for a potential breakout. Consequently, the market could drop from this resistance zone toward lower levels. The target is the support level at 1.93080
Short
by RTED_Investing
4