GBPAUD Buy opportunity emergingThe GBPAUD pair hit our previous Buy Target as presented (see chart below) last month:
The price has now been pulling back within the 7-month Channel Up in search of the next Higher Low. This should be formed at least on the 1D MA50 (blue trend-line) as it did twice before. As a result, we will wait for that buy opportunity and target 2.01500 (1.236 Fibonacci extension).
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Gbp-aud
GBPAUDPotential divergence created. A previous intraday low was broken and the current high which was broken as well. A bit risky of a setup to be honest but it follows what i like to look for We have GBP news coming up Friday. GBP mortgage rater were higher but the housing price index MoM and YoY were lower with the AUD business confidence coming in higher than forecast and previous. Maybe we get a small pullback before further the GBP red folder reports that are to come this Friday? The short position is set for a 40% retracement target but it could go lower of course possibly reaching previous low or surpassing it. Just want to play it safe.
GBPAUD Buy signal at the bottom of the Channel UpThe GBPAUD pair gave us an excellent buy signal last time we looked at it (see chart below) on May 9:
The price remains within the 6 month Channel Up pattern and is currently rising after a Higher Low formation on the 1D MA50 (blue trend-line) early this week. This is a bullish signal, based on which we are targeting the 1.97300 Resistance. That would be a +4.65% rise from the bottom, which as this chart shows, has happened twice.
If however the price breaks below the Channel Up, we will open a short when it breaches the 1D MA100 (green trend-line), which is holding as Support since March 03 2023, and target the 0.5 Fibonacci level at 1.83150. That will make also contact with the 1D MA200 (orange trend-line). An early sell signal will be when the 1D RSI breaks below the Higher Lows trend-line that is holding since March 07 2022.
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GBP/AUDFast intraday search through my watchlist.
You can follow the price with candle confirmation or whatever strategy you have.
None of these are 100 %, complete confident analyses.. this market is all about probability .. so try to work on your risk management and self-control.. all the traders in the world can tell for sure what's going to happen or where the price is going in the next 1 hour.
Ps. Leave your comment and thoughts.
I posted this position a couple of days ago .. still valid.
GBP/AUDFor this week, I'm looking at GBP/USD for opportunities to enter sell positions, as I showed on the chart ..
the price has been moving in a trading range ( NOT A CLEAN ONE) for some time now.
We have a resistance zone where the price had been rejected a couple of times .. last week, the price broke the resistance for 10 hours max but came back to our range with a big black candle and also made a pullback to our highlighted zone .. in lower time frames; if the price breaks the 15 min low then there's a good chance were you can follow it to the cluster made by a dynamic trend line and the last low in 4h time frame.
Please Tell me what you think about this. Leave your comment and thoughts.
GBPAUD Potential DownsidesHey Traders, in today's trading session we are monitoring GBPAUD for a selling opportunity around 1.91500 zone, GBPAUD is trading in a downtrend and currently is in a correction phase in which it is approaching the trend at 1.91500 support and resistance zone.
Trade safe, Joe.
GBPAUD to retest previous support?GBPAUD - 24h expiry - We look to Sell at 1.9000 (stop at 1.9075)
The current move lower is expected to continue.
Further downside is expected.
Short term RSI is moving lower.
Risk/Reward would be poor to call a sell from current levels.
A move through 1.8850 will confirm the bearish momentum.
Our profit targets will be 1.8820 and 1.8780
Resistance: 1.8950 / 1.9000 / 1.9050
Support: 1.8850 / 1.8800 / 1.8750
Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Everest Fortune Group’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Everest Fortune Group.
GBPAUD Potential downsidesHey Traders, in today's trading session we are monitoring GBPAUD for a selling opportunity around 1.92400 zone, GBPAUD was trading in an uptrend and successfully managed to break it out. Currently is in a correction phase in which it is approaching the retrace area at 1.92400 support and resistance zone.
Trade safe, Joe.
GbpAud likely to bounce back up Should be getting a lift up again...Watch it.
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The analysis shared through this channel are purely for educational and entertainment purposes only. They are by no means professional advice for individual/s to enter trades for investment or trading purposes.
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GBPAUD Potential UpsidesHey Traders, in tomorrow's trading session we are monitoring GBPAUD for a buying opportunity around 1.90700 zone, GPBAUD is trading in an uptrend and currently is in a correction phase in which it is approaching the trend at 1.90700 support and resistance zone.
Trade safe, Joe.
GBPAUD is at the top of the 4 month Channel Up.This, along with the 1day RSI hitting the Falling Resistance, calls for a sell to the Channel's bottom.
Best to sell though after the 1.89690 low breaks and target 1.8700.
A fractal analysis however with March 7th shows that if the candle closes over the Channel Up, we can see a rally to the 2.5 Fibonacci level as in March - April.
On that occasion, buy and target 2.02000.
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GBPAUD Potential UpsidesHey Traders, in today's trading session we are monitoring GBPAUD for a buying opportunity around 1.90500 zone, GBPAUD was trading in a downtrend and successfully managed to break it out. Currently we are waiting for a correction in order to see a potential retrace of the trend towards more highs.
Trade safe, Joe.
GBPAUD - Getting Over-Bought ❗️Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst.
GBPAUD has been overall bullish trading inside the rising broadening wedge pattern in red, however it is currently approaching around the upper trendline.
Moreover, the zone 1.92 is a resistance zone.
🏹 So the highlighted purple circle is a strong area to look for sell setups as it is the intersection of the blue resistance and upper red trendline.
As per my trading style:
As GBPAUD approaches the purple circle zone, I will be looking for bearish reversal setups (like a double top pattern, trendline break , and so on...)
📚 Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich
GBPAUD has turned positive.GBPAUD - 24h expiry - We look to Buy at 1.8750 (stop at 1.8690)
Previous support located at 1.8800.
Previous resistance located at 1.8850.
There is no clear indication that the upward move is coming to an end.
Although we remain bullish overall, a correction is possible with plenty of room to move lower without impacting the trend higher.
Risk/Reward would be poor to call a buy from current levels.
Our profit targets will be 1.8900 and 1.8925
Resistance: 1.8850 / 1.8900 / 1.8925
Support: 1.8800 / 1.8750 / 1.8700
Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Signal Centre’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Signal Centre.
GBPAUD potential retracement buyAfter a higher timeframe demand failed, price fell with huge momentum and thus leaving behind a huge imbalance. It quickly lost bearish momentum and and gained bullish momentum instead, breaking structure to the upside which could be a first sign of a retracement up before the expansion down. Price has formed liquidity to take above an establish demand zone it could use to fuel its retracement. The target for potential profit is based on the 4h imbalance.
GBPAUD Potential UpsidesHey Traders,
Tomorrow's trading session has our attention focused on GBPAUD, as we seek a potential buying opportunity in the vicinity of the 1.85400 zone. GBPAUD is currently experiencing an uptrend but is also undergoing a correction phase, gradually approaching the significant 1.85400 support and resistance area.
Wishing you all safe and successful trades!
Trade safe, Joe.
GBPAUD: Getting rejected on the 1D MA50. Potentially a very bearGBPAUD crossed under the 1D MA50 three days ago for the first time in three and a half months and today upon a retest as Resistance it is initially failing. With the 1D timeframe technically neutral (RSI = 45.941, MACD = 0.001, ADX = 27.184), if the price gets rejected then selling should transition into the 1W timeframe as well and start testing the lower Support levels.
The HL trendline is in between, so you may sell after it breaks if you want. The first target is S1 (TP1 = 1.84000) and the second is S3 (TP2 = 1.815000).
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