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British Pound / Australian Dollar

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GBPAUD trade ideas

Lingrid | GBPAUD trend CONTINUATION Short OpportunutyThe price perfectly fulfilled my last idea. It hit the target zone.The market has dropped from the resistance zone, marked by a series of lower lows and lower closes. FX:GBPAUD has broken through the significant level of 1.91000, and currently, it's pulled back to this level. Looking left, we can see that the market formed an impulsive move from the resistance area previously. I expect the market may replicate this pattern, potentially breaking above Wednesday's high and then initiating a bearish trend taking liquidity above. My goal is the support the level at 1.89840 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
8
GBPAUD: Curve AnalysisBEARS: Based on the disparity in economic data between the UK and Australia, it indicates a potential decrease in the value of the Pound in relation to the Aussie Dollar. If the sentiment has been oversold since June 10, 2024, it could indicate a possible correction, which would counter the downtrend and move towards the upside. BULLS: This analysis suggests that there are positive indicators pointing towards a possible recovery of GBP on the 1-day timeframe. However, it is important to note that this will only hold true if the Price Action closes above 1.8975. If we observe an uptrend, it is likely that Price Action will revert back to the downtrend starting from the Resistance (Proximal) @ 1.9006 or slightly above at the Resistance (Distal) @ 1.9058. SUMMARY Based on the resistance levels, it is expected that the price action will continue to decline and reach the demand level around 1.8638.
by ProfessorCEWard
SELL GBPAUD for downtrend continuation STOP LOSS : 1.9116SELL GBPAUD for downtrend continuation STOP LOSS : 1.9116 There is a strong trend on the daily time frame and all that have happened in the past days was just consolidation ( or trend pull back before continuation) ..... The daily time frame is showing strength continuation from this level of support and resistance so we are looking for the trend to push forward from here ..... TAKE PROFIT : take profit will be when the trend comes to an end, feel from to send me a direct DM if you have any question about take profit or anything Remember to risk only what you are comfortable with…….trading with the trend, patient and good risk management is the key to success here
Short
by BALE_FX