Channel.Price has been trending in a channel but also completing a wave count within the channel.
Waiting for a retest.
GBPAUD trade ideas
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
GBPAUDGBPAUD is currently making HH and HLS , expecting it to move further after breakout . As there is no divergence.
GBPAUD-Bullish After posting double bottom with bullish RSI divergence on one hour timeframe, GBPAUD gave breakout and is making HH and HL. Bullish trend is expected
GBP/AUD LongMontly Chart neutral. Weekly shows an inverted FVG and we respected the last bullish FVG. Same for the daily chart. We trade above the previous day high.
IF the current 2h candle closes without potentially triggering my proposed entry level AND stays an inside candle as of now, this could be a long for me. Entry around 1.9184. Stop around 1.9167. First TP around current day high at 1.9210. Second TP around 1.9245.
Be aware: The shown CRV of the first entry is only about 1.6. So try to get an entry on a lower timeframe like 15min to reduce your stop and maximise the CRV
GBPAUD has oppourtunity for Inverse SHS patternGBPAUD, wait break 1.9230 with full candle dan wait for retest, will give us oppourtunity for inverse SHS pattern. with target Take profit at 1.9400-1.9450 dan SL i will put at 1.9130.
Lets See
Happy Trading
Disclaimer On
GBPAUD Expected Growth! BUY!
My dear followers,
I analysed this chart on GBPAUD and concluded the following:
The market is trading on 1.9104 pivot level.
Bias - Bullish
Technical Indicators: Both Super Trend & Pivot HL indicate a highly probable Bullish continuation.
Target - 1.9173
About Used Indicators:
A super-trend indicator is plotted on either above or below the closing price to signal a buy or sell. The indicator changes color, based on whether or not you should be buying. If the super-trend indicator moves below the closing price, the indicator turns green, and it signals an entry point or points to buy.
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WISH YOU ALL LUCK
GBPAUD is BullishBulls seem to be in control of the price action as bullish RSI divergence appeared on 1H time frame. Moreover, previous lower high was broken and a higher high was printed, currently price is defining a higher low after which it will move further up. Targets are mentioned on the chart.
GBPAUD Sell every riseThe GBPAUD pair eventually hit our 1.9000 Target after our latest sell signal on April 04 (see chart below):
The price is now consolidating around the 1D MA50 (blue trend-line) and 1D MA200 (orange trend-line) cluster, imitating the late October 2023 consolidation. As long as it stays below the Lower Highs Zone, is will initiate in our opinion the periodic Bearish Leg towards the 1-year Higher Lows trend-line (green Cup).
Our medium-term strategy involves targeting the 1.89100 Support for lower risk.
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GBPAUD longMonthly;
Head and shoulder formation. Price has tested the shoulder at 1.8900.
The thesis on the month for now is buy. The next noticeable and respected region is 1.9250
Weekly;
Price collected a lot of buy orders at 1.8600 and there was a rush of momentum up to 1.9500.
I can tell that the main price target was at 1.9750 and price has shown that it wants to break the resistance region at 1.9550 but it has failed in multiple attempts.
Hence, price had to retrace and go collect orders from a different liquidity zone.
As we can see price went all the way to 1.8900, where it consolidated for two weeks (evident due to the two doji candles), so as to collect buy orders.
Two weeks ago, a lot of orders were filled and price closed above 1.9100.
The previous week saw us retest 1.9100.
This week we have tested 1.9100 again so price is headed upwards.
The next target is 1.9290.
Daily;
We can see price consolidated at 1.8900 where orders were collected and a rush of buy orders saw price explode upwards.
27th to 29th May 2024, saw price retest at a major buy region at 1.9195.
However, price was unable to close above or break through the 1.9215 handle and it went all the way back to 1.9100 to collect orders on 31st May 2024.
Yesterday, price spiked 1.9100 again and a rush of bullish momentum is evident.
The next daily targets are 1.9290. This is evident cause price has closed above a daily region at 1.9180
4 hour;
On Friday, price tested 1.9100 and headed upwards.
Asian session on Monday saw price gap towards 1.9120, which is a 4 hour region since there is a body closure there.
Price went up until early London session where we saw price gain bearish momentum
Price closed below Friday's low. This tells me that stops were hit. Hence, price gained enough liquidity for it to rapture upwards.
We saw a rejection of 1.9170, however, price managed to close above the resistance area.
I know that price is headed upwards, however, I have not pinpointed a perfect entry point to capitalize on the move.
Heading into overlap resistance, could it reverse from here?GBP/AUD is rising towards a resistance level which is an overlap resistance level which lines up with the 161.8% Fibonacci extension and could reverse from this level to our take profit.
Entry: 1.92017
Why we like it:
There is an overlap resistance level which aligns with the 161.8% Fibonacci extension.
Stop loss: 1.92340
Why we like it:
There is a pullback resistance level.
Take profit: 1.91362
Why we like it:
There is a pullback support level which lines up with the 50% Fibonacci retracement.
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GBPAUD SELL | Idea Trading AnalysisGBPAUD is moving in a descending channel between the trend lines and Resistance area. Is near the resistance, where price dropped before.
We expect a bearish move from the confluence zone.
Hello Traders, here is the full analysis.
I think we can soon see more fall from this range! GOOD LUCK! Great SELL opportunity EURJPY
I still did my best and this is the most likely count for me at the moment.
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