GBPAUD short term sell into 1.97 (SEE DESCRIPTION)GBP/AUD has spent the last few days in the price range 2.033 -2.011.
The significance of this range is that is is an area of inefficient price delivery on the Buy-side of the market (see Monday 6th April 2020).
Once price reached that level, buyers who were only willing to do business at these levels now can price in their orders.
My trade idea is to those SELL to those willing buyers at a premium.
The failed higher high + the crack in correlation with EUR/AUD suggests that price has changed its state of delivery and now seeking key levels on the Sell-side of the market.
I look to sell at the first available retracement and cover my position (buy it back) at the short term lows at 1.97.
GBPAUD trade ideas
GBPAUD Selling Trading IdeaHello Traders
In This Chart GBP/AUD 4 HOURLY Forex Forecast By FOREX PLANET
today GBP/AUD analysis 👆
🟢This Chart includes_ (GBP/AUD market update)
🟢What is The Next Opportunity on GBP/AUD Market
🟢how to Enter to the Valid Entry With Assurance Profit
This CHART is For Trader's that Want to Improve Their Technical Analysis Skills and Their Trading By Understanding How To Analyze The Market Using Multiple Timeframes and Understanding The Bigger Picture on the Charts
GBPAUD Is Very Bullish! Buy!
Please, check our technical outlook for GBPAUD.
Time Frame: 8h
Current Trend: Bullish
Sentiment: Oversold (based on 7-period RSI)
Forecast: Bullish
The market is testing a major horizontal structure 1.995.
Taking into consideration the structure & trend analysis, I believe that the market will reach 2.010 level soon.
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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GBPAUD My Opinion! BUY!
My dear subscribers,
This is my opinion on the GBPAUD next move:
The instrument tests an important psychological level 1.9965
Bias -Bullish
Technical Indicators: Supper Trend gives a precise Bullish signal, while Pivot Point HL predicts price changes and potential reversals in the market.
Target - 2.0110
My Stop Loss - 1.9905
About Used Indicators:
On the subsequent day, trading above the pivot point is thought to indicate ongoing bullish sentiment, while trading below the pivot point indicates bearish sentiment.
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WISH YOU ALL LUCK
GBPAUD: Buy Signal for a Profitable MoveIn our latest analysis of the GBPAUD currency pair, we are leaning towards a bullish sentiment. With a suggested entry price of 1.99685, we are setting our eyes on a take profit level of 2.00116 while managing our risk with a stop loss at 1.99193.
This optimistic forecast is primarily driven by the current market dynamics observed through the EASY Trading AI strategy, which has shown strong bullish trends recently. The GBPAUD is benefiting from positive economic data from Australia while also capitalizing on the UK’s recovery efforts. Factors like improving economic indicators from the UK, combined with a resilient Australian dollar, support the upward movement we’re anticipating.
Moreover, technical analysis reveals a potential support area that aligns with our entry point, creating a solid foundation for our trade. As always, we recommend closely monitoring market conditions as price approach our targets. Don’t hesitate to adjust your strategies, and consider leveraging our EASY Bots for automated trading if manual oversight feels challenging.
Stay informed, trade wisely, and let's aim for those pips together!
GBPAUD 4HRSBOE HEAD--Andrew Bailey (BANK OF ENGLAND)
RBA HEAD-- Michele Bullock,(Governor of the Reserve Bank of Australia,)
the British pounds sterling narrowly escaped the 2dollar mark against Australian dollar in the month of December ,the weekly symmetrical triangle broken supply roof shows a stronger economic advantage of British pounds against Australian dollar in the first quarter of 2025.on weekly Timeframe we have a strong demand horizontal floor in the zone of 1.9905 to provide buy impetus ,A deeper correction will be a drop into the floor of the the broken supply roof of the symmetrical triangle running from 2016 to 2020 and 2024 BREAK OUT ..
As the new week opens the market will look for entry opportunity to go long on GBPAUD.
GOOODLUCK
GBPAUD DAILYBOE HEAD--Andrew Bailey (BANK OF ENGLAND)
RBA HEAD-- Michele Bullock,(Governor of the Reserve Bank of Australia,)
the British pounds sterling narrowly escaped the 2dollar mark against Australian dollar in the month of December ,the weekly symmetrical triangle broken supply roof shows a stronger economic advantage of British pounds against Australian dollar in the first quarter of 2025.on weekly Timeframe we have a strong demand horizontal floor in the zone of 1.9905 to provide buy impetus ,A deeper correction will be a drop into the floor of the the broken supply roof of the symmetrical triangle running from 2016 to 2020 and 2024 BREAK OUT ..
As the new week opens the market will look for entry opportunity to go long on GBPAUD.
GOOODLUCK
GBPAUDBOE HEAD--Andrew Bailey (BANK OF ENGLAND)
RBA HEAD-- Michele Bullock,(Governor of the Reserve Bank of Australia,)
the British pounds sterling narrowly escaped the 2dollar mark against Australian dollar in the month of December ,the weekly symmetrical triangle broken supply roof shows a stronger economic advantage of British pounds against Australian dollar in the first quarter of 2025.on weekly Timeframe we have a strong demand horizontal floor in the zone of 1.9905 to provide buy impetus ,A deeper correction will be a drop into the floor of the the broken supply roof of the symmetrical triangle running from 2016 to 2020 and 2024 BREAK OUT ..
As the new week opens the market will look for entry opportunity to go long on GBPAUD.
GOOODLUCK
GBPAUD Price Outlook: Anticipating a Bearish RetracementAnticipating a Price Drop in GBPAUD
I expect the price to decline from this level as part of a retracement into the discount zone, potentially setting up for a bullish continuation on the higher time frame, which remains bullish.
Analyzing the chart using a market structure approach, I anticipate a downward move from this level, and my stop-loss is clearly defined.
At this price level, there appears to be resistance and buy-side liquidity, which I expect to trigger a liquidity raid, driving the price lower.
I haven't set a specific take-profit level but personally aim for a 1:3 risk-to-reward ratio.
Here's my projected outlook for GBPAUD as of December 31, 2024.
Thank you!
GBP/AUD SENDS CLEAR BULLISH SIGNALS|LONG
Hello, Friends!
GBP/AUD pair is trading in a local uptrend which know by looking at the previous 1W candle which is green. On the 8H timeframe the pair is going down. The pair is oversold because the price is close to the lower band of the BB indicator. So we are looking to buy the pair with the lower BB line acting as support. The next target is 2.023 area.
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GBPAUD BuyI believe we are still in an uptrend to 2.16XXX.
On the lower timeframe, price had so much momentum to the upside, we did not have a fibonacci retracement of at least 38.2. Price stalled out at the 1.18 and 1.27 D extension and sold to the 61.8 level.
I believe the 4HR fib is still active and needs to complete.
I think our next stop is 2.063XX to finish out the current sequence.
4HR and Daily stochastic are in the buy zones.