GBPAUD trade ideas
GBP_AUD LONG FROM SUPPORT|
✅GBP_AUD will soon retest a key support level of 2.0700
So I think that the pair will make a rebound
And go up to retest the supply level above at 2.0800
LONG🚀
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Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
THE PILLARS OF PRICE ACTION - This is what I look for!!!!All the information you need to find a high probability trade are in front of you on the charts so build your trading decisions on 'the facts' of the chart NOT what you think or what you want to happen or even what you heard will happen. If you have enough facts telling you to trade in a certain direction and therefore enough confluence to take a trade, then this is how you will gain consistency in you trading and build confidence. Check out my trade idea!!
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GBPAUD INTRADAY uptrend supported at 2.0690Trend Overview:
The GBPAUD currency price remains in a bullish trend, characterised by higher highs and higher lows. The recent intraday price action is forming a continuation consolidation pattern, suggesting a potential pause before a renewed move higher.
Key Technical Levels:
Support: 2.0690 (primary pivot), followed by 2.0600 and 2.0535
Resistance: 2.1056 (initial), then 2.1190 and 2.1384
Technical Outlook:
A pullback to the 2.0690 level, which aligns with the previous consolidation zone, could act as a platform for renewed buying interest. A confirmed bounce from this support may trigger a continuation toward the next resistance levels at 2.1056, 2.1190, and ultimately 2.1384.
Conversely, a daily close below 2.0690 would suggest weakening bullish momentum. This scenario would shift the bias to bearish in the short term, potentially targeting 2.0600 and 2.0535 as downside levels.
Conclusion:
GBPAUD maintains a bullish structure while trading above the 2.0690 support. A bounce from this level would validate the consolidation as a continuation pattern, with upside potential toward the 2.1056 area. A breakdown below 2.0690, however, would invalidate this view and suggest deeper corrective risk.
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GBPAUD BearishUpon examining the daily chart for GBPAUD, the outlook appears to be bearish, bolstered by the presence of bearish butterfly harmonics that affirm this trend. As I assess the market conditions for the coming week, I am contemplating entering a short position.
For this trade, I am setting my take-profit levels as follows:
- TP1 at 2.06
- TP2 at 2.05
- TP3 at 2.03
To manage risk, I will place my stop-loss at 2.11. This strategy aims to capitalize on the anticipated downward movement while safeguarding against potential reversals.
GBP/AUD Trade Setup: Bullish Outlook Aligned with Fundamentals
📊 Market Insight: How Base Currencies Drive the Market
One key lesson I’ve learned from my mentor is this:
When a base currency is trending, it often pulls the entire forex market with it.
For example:
When the Dollar Index (DXY) is trending, the whole forex market tends to move with momentum.
When the DXY is ranging, the entire forex market often consolidates or lacks clear direction.
The same applies to EURUSD, another major pair. If EURUSD is trending, the whole market tends to trend. If it’s ranging, most of the market reflects that indecision.
This happens because the USD and EUR are two of the most influential currencies in global markets — they affect risk sentiment, liquidity, and overall volatility.
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🔍 GBP/AUD Analysis: The Power of Multi-Timeframe Perspective
This week, I was analyzing GBP/AUD. My initial bias was bearish — I saw what looked like a clear drop and assumed the pair was falling.
But I made a common mistake:
I was zoomed in too closely, focused only on the lower timeframe structure.
When I finally zoomed out to view the higher timeframes, I saw a different story:
The market was not actually falling.
What looked like a downtrend was just a retracement.
It was a liquidity grab, tapping into demand zones and trendline support before continuing upward.
This shift gave me clarity:
GBP/AUD is still in a bullish trend and what I was seeing was just a setup for the next move higher.
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🌍 Fundamental Bias: USD Weakness, GBP Strength
Looking across the market:
The Dollar Index is falling, signaling USD weakness.
As a result, pairs like EURUSD and GBP/USD are rising.
This tells me that GBP is currently strong, especially against weaker currencies like AUD.
So, with GBP/USD trending bullish, it supports the idea that GBP/AUD will also rise, given GBP strength and AUD relative weakness.
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✅ Trading Plan for the Week Ahead
I use the weekend to prepare for the upcoming trading week by aligning my technical setups with fundamental bias.
Current status:
✅ All technical confirmations are in place.
✅ My bias for GBP/AUD is bullish.
🕒 I’m waiting for the Monday open to see where price begins to trade from.
📉 Then I’ll drop to the lower timeframes (M15–H1) to find my entry.
My targets are:
🎯 Target 1: Marked by the blue line on my chart
🎯 Target 2: Marked by the red line
🎯 Target 3: Higher up, beyond visible chart range due to screen limitations
💡 Final Takeaway
This experience reinforces the importance of:
Multi-timeframe analysis
Zooming out to see the bigger picture
Aligning technical setups with fundamental trends
It’s not just about what the chart shows in the moment — it’s about the broader context driving the market.
GBPAUD Trading SignalsGBPAUD is reacting at the resistance zone with this force, the downtrend will continue at 2.08000. If you want to BUY at 2.0800, you have to wait for the price reaction of the candle. If you break 2.080, you have to wait at 2.06900 for BUY strategies. In the opposite direction, the peak of 2.101 is still an important peak where you can execute the SELL strategy with the GBPAUD currency pair.
GBP/AUD BEARISH BIAS RIGHT NOW| SHORT
Hello, Friends!
We are now examining the GBP/AUD pair and we can see that the pair is going up locally while also being in a uptrend on the 1W TF. But there is also a powerful signal from the BB upper band being nearby, indicating that the pair is overbought so we can go short from the resistance line above and a target at 2.078 level.
Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
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