GBPAUD neutralI believe that GBPAUD might go higher today, but there are no signs of it going either direction at the time of posting this.
I will sit on my hands and wait for a comprehensive setup.
GBPAUD
GBP_AUD LOCAL LONG|
✅GBP_AUD gain to retest the support of 1.9350
But it is a strong key level
So I think that there is a high chance
We will see a bullish rebound and a move up
LONG🚀
✅Like and subscribe to never miss a new idea!✅
GBPAUD neutralI believe that the pair is neutral even though in the long term I am looking to buy.
Reasons I am looking to buy in the long term.
The 3 month and the monthly timeframe have broken above the previous notable high. This indicates that price is due to go upwards and that this massive retracement is so that price can go back and collect orders from a certain region.
The next monthly targets are at 2.0375
However, today I really cannot pin point any clear setup that can guide me into what to do next. My intuition is telling me that price will go lower, but I am currently sitting on my hands.
GBPAUD | Short D1 | Market Exec |Technical Confluences for Trade:
- Stochastics are close to Overbought Conditions on D1 and Overbought in both H1 and H4 time-frames
- Price action is close to a Supply Zone
- Price action is close to multiple Resistance Trendlines
Suggested Trade:
Entry @ Area of Interest 1.9270 - 1.9380
SL @ 1.9503
TP 1 @ 1.9017 (Close Half-Position & move SL to Entry level once TP1 is achieved)
TP 2 @ 1.8745
Risk-to-Reward @ Approx. 2.87 (Depending on Entry Level)
________________________________
Boosts 🚀, Follows ✌️, Shares 🙌 & Comments ✍️ are much appreciated!
If you have any ideas or charts, do share them in the 'Comments' section below and we can discuss our perspectives to improve or strengthen our strategies.
If you want something analyzed, do drop me a DM. :D
________________________________
Disclaimer: The above suggestion is an personal opinion in general and does not constitute as investment advice. Any decisions taken based on the above suggestion is purely your own risks.
Any websites / brokers / applications suggested here are also provided as informational purpose only.
Bullish reversal off 61.8% Fibonacci support?GBP/AUD is falling towards the pivot which acts as a pullback support and could bounce to the 1st resistance.
Pivot: 1.93444
1st Support: 1.91604
1st Resistance: 1.95355
Risk Warning:
Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Forex and CFDs may not be suitable for all investors, so please ensure that you fully understand the risks involved and seek independent advice if necessary.
Disclaimer:
The above opinions given constitute general market commentary, and do not constitute the opinion or advice of IC Markets or any form of personal or investment advice.
Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, are intended only to be informative, is not an advice nor a recommendation, nor research, or a record of our trading prices, or an offer of, or solicitation for a transaction in any financial instrument and thus should not be treated as such. The information provided does not involve any specific investment objectives, financial situation and needs of any specific person who may receive it. Please be aware, that past performance is not a reliable indicator of future performance and/or results. Past Performance or Forward-looking scenarios based upon the reasonable beliefs of the third-party provider are not a guarantee of future performance. Actual results may differ materially from those anticipated in forward-looking or past performance statements. IC Markets makes no representation or warranty and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast or any information supplied by any third-party.
GBPAUD to find buyers at market price?GBPAUD - 24h expiry
The primary trend remains bullish.
A lower correction is expected.
Price action has formed an expanding wedge formation.
Preferred trade is to buy on dips.
Bespoke support is located at 1.9475.
We look to Buy at 1.9475 (stop at 1.9395)
Our profit targets will be 1.9675 and 1.9715
Resistance: 1.9625 / 1.9690 / 1.9760
Support: 1.9475 / 1.9400 / 1.9335
Risk Disclaimer
The trade ideas beyond this page are for informational purposes only and do not constitute investment advice or a solicitation to trade. This information is provided by Signal Centre, a third-party unaffiliated with OANDA, and is intended for general circulation only. OANDA does not guarantee the accuracy of this information and assumes no responsibilities for the information provided by the third party. The information does not take into account the specific investment objectives, financial situation, or particular needs of any particular person. You should take into account your specific investment objectives, financial situation, and particular needs before making a commitment to trade, including seeking advice from an independent financial adviser regarding the suitability of the investment, under a separate engagement, as you deem fit.
You accept that you assume all risks in independently viewing the contents and selecting a chosen strategy.
Where the research is distributed in Singapore to a person who is not an Accredited Investor, Expert Investor or an Institutional Investor, Oanda Asia Pacific Pte Ltd (“OAP“) accepts legal responsibility for the contents of the report to such persons only to the extent required by law. Singapore customers should contact OAP at 6579 8289 for matters arising from, or in connection with, the information/research distributed.
GBPAUD BUY OPPORTUNITY 4HR TIMEFRAMEOverall trend break of structure to upside. Expecting price to reach demand zone (1.95516) for liquidity grab. Targeting price to reach order block (1.97368) where there is imbalance.
GBPAUD Massive Long! BUY
My dear friends,
GBPAUD looks like it will make a good move, and here are the details:
The market is trading on 1.9595 pivot level.
Bias - Bullish
Technical Indicators: Supper Trend generates a clear long signal while Pivot Point HL is currently determining the overall Bullish trend of the market.
Goal - 1.9694
About Used Indicators:
Pivot points are a great way to identify areas of support and resistance, but they work best when combined with other kinds of technical analysis
———————————
WISH YOU ALL LUCK
GBP/AUD BEARISH BIAS RIGHT NOW| SHORT
Hello, Friends!
The BB upper band is nearby so GBP-AUD is in the overbought territory. Thus, despite the uptrend on the 1W timeframe I think that we will see a bearish reaction from the resistance line above and a move down towards the target at around 1.926.
✅LIKE AND COMMENT MY IDEAS✅
GBPAUD shortsHere is why;
Monthly;
Price broke a major monthly region at 1.9970 and in the process has formed a higher high which shows that price is bullish.
The long term monthly targets, I believe are 2.0375
However, that is not important for intraday trades
Weekly;
Price broke a major region at 1.9500 and it is yet to retest that region.
I believe that price will retest that region before we see any upside movement
Daily;
Price formed a very long wick candlestick which shows me that price does not have enough orders to go to the upside.
For this reason, I believe that some sell orders are due and price will inevitably retest the weekly region at 1.9500.
However, if price does go lower, then the overall target is at 1.9435
GBPAUD: Weak Market & Bearish Continuation
Remember that we can not, and should not impose our will on the market but rather listen to its whims and make profit by following it. And thus shall be done today on the GBPAUD pair which is likely to be pushed down by the bears so we will sell!
❤️ Please, support our work with like & comment! ❤️
GBPAUD longHello traders, here is why I believe GBPAUD is due for longs;
Monthly
There is a bullish setup and the next major region on the timeframe is 1.9835
Weekly
Nothing worth noting
Daily
Bullish setup formed in the last 2 days
4 hour
There is a bullish setup since there are so many levels of liquidity that have been broken.
My thesis is that price will retest 1.9627 before going upwards.
This is because that is the region where most orders have been picked up and there is a lot of liquidity.
GBPAUD - Look for Continuation Long (SCALP) 1:3!The structure is clearly showing an uptrend with a solid formation of HH andHL, failing to create a new L. This indicates a potential buy entry opportunity, supported by confirmations and confluences such as Fibonacci Retracement and SND principles.
The target should be the nearest S zone. Avoid being overly greedy with this setup, especially with an upcoming high-impact GBP news event.
Disclaimer:
This is simply my personal technical analysis, and you're free to consider it as a reference or disregard it. No obligation! Emphasizing the importance of proper risk management—it can make a significant difference. Wishing you a successful and happy trading experience!
GBP_AUD LONG FROM SUPPORT|
✅GBP_AUD has retested a key support level
And as the pair is already making a bullish rebound
A move up to retest the supply level above is likely
LONG🚀
✅Like and subscribe to never miss a new idea!✅
GBPAUD Potential DownsidesHey Traders, in today's trading session we are monitoring GBPAUD for a selling opportunity around 1.96250 zone, GBPAUD is trading in a downtrend and currently is in a correction phase in which it is approaching the trend at 1.96250 support and resistance area.
Trade safe, Joe.
GBPAUDOANDA:GBPAUD After the price reaches the specified level,
if you see the Bearish hammer candle in the one-hour ( SHORT POSITION),
and if the desired level is broken, after the pullback buy.
Consider your risk management before entering a trade.
This analysis is for informational purposes only and does not constitute investment advice.
All consequences of using this signal are at your own risk.
GBPAUD 4H TF Bearish (Divergence, Break of Trendline, DOW)GBPAUD shows a bearish/short momentum at 4H TF supported by bearish divergence, DOW Break of Structure (BOS) and break of rising trendline. Entry is taken at 15 pips below previous HL with SL at 15 pips above and TP at 1:1 R:R.
What do you think, will it work?
GBP/AUD Analysis and Sell Trade Review### GBP/AUD Analysis and Sell Trade Review
#### Market Context:
1. **Swing High Taken Out**: The market has made a new high, indicating potential liquidity grabs where traders' stop-loss orders above the previous highs might have been targeted and executed. This can often lead to a reversal or a significant pullback as the liquidity above the swing high is consumed.
2. **Fair Value Gap (FVG) Created**: An FVG typically represents a price imbalance where the market moved too quickly, leaving behind a gap in the order flow. This gap can serve as a potential resistance area where price might reverse or consolidate before continuing its previous trend.
3. **Change in Status Delivery**: This term suggests a shift in market dynamics, possibly indicating a change from bullish to bearish sentiment. This change might be confirmed by a break in market structure, such as lower highs and lower lows forming after the swing high is taken out.
#### Sell Trade Setup:
Given these conditions, here is a structured approach to a sell trade:
1. **Entry Point**:
- After the swing high is taken out, wait for price to enter and react from the FVG. Look for bearish reversal patterns or confirmation signals, such as bearish candlestick formations (e.g., pin bar, engulfing pattern) or a break below a key support level within the FVG.
2. **Stop Loss**:
- Place the stop loss above the recent swing high or above the upper boundary of the FVG. This helps protect against false breakouts or continued bullish momentum.
3. **Target Levels**:
- The first target could be the nearest significant support level or the low of the previous consolidation range.
- Further targets can be set at key Fibonacci retracement levels or prior swing lows, where price might find support.
#### Trade Management:
- **Risk Management**: Ensure proper risk-to-reward ratio, ideally aiming for at least 1:2 or 1:3.
- **Trailing Stop**: As the trade moves in your favor, consider trailing the stop loss to lock in profits and minimize potential losses.
- **Monitoring News and Events**: Keep an eye on economic news and events that might impact GBP/AUD, as they can cause sudden market volatility.
#### Example Scenario:
- **Entry**: After price takes out the swing high and enters the FVG, a bearish engulfing candle forms, indicating a potential reversal. Enter a sell position at the close of this candle.
- **Stop Loss**: Set the stop loss above the swing high.
- **Take Profit**: Set the first target at the previous swing low, and additional targets at further support levels or Fibonacci retracement zones.
By following this structured approach, you can manage your GBP/AUD sell trade effectively, aligning with the observed market conditions and technical analysis.
GA Buys Continuation FX:GBPAUD keeps creating new highs, only makes sense to follow the trend. After creating a new high, we are seeing a reaction at the order block level. Looking for choch/bos on 15m TF then set buys at the OB on 15m that created the high that created a choch/bos.
Over+750 pip in GBP/AUD in our last call(07/31/2024)in our last analysis
We were expecting a big rally for GBP/AUD. Since then the price moved in our favor and made over +750 pip for us.
Despite weaker CPI data for AUD, we are now looking for a correction in the 1.98 zone.
Our technical view has been shown in the chart.
If you like it then Support us by liking, Following, and Sharing.
Thanks For Reading
Team Fortuna
-RC
(Disclaimer: Published ideas and other Contents on this page are for educational purposes and do not include a financial recommendation. Trading is Risky, so before any action do your research.)
SELLING GBP/AUD from 1.9771Last Thursday's daily candle on GBP/USD (25th July) closed with a nice long tailed pinbar.
Becuase of this and becuase the RSI on D1 closed at 83.42 , I've been keeping my on this pair in anticipation of a move south.
The next 4 daily candles were all doji indecision candles and with the RSI moving to 79.45, then GBP/AUD looked ready for a move south.
However.
Its imperative that if you have a trade planned and you intend to hold the trade overnight then you MUST check for news.
This morning at 02:00 UK time, the CPI numbers were released and though the CPI q/q and CPI y/y met target, the Trimmed Mean CPI missed coming in 0.8% against 1.0% expected.
This was sufficient for the AUD to sell off aggresively and GBP/AUD was sent 151 pips higher.
A look on the H4 time frame and you can see that the previous 2 H4 candles form a pincer/double op and the current H4 candle is BEARISH.
This looks a good opportunity for SHORT trades.
The ANdean Oscillator on H4 is rising from zero as the green BUY line crosses the signal line.
These are BEARISH signs.
RSI is declining.
MACD has yet to catch up on H4 but on M30 the fast MA has crossed the slow MA and on H1 the 2 MA's are moving together and edging south.
All the signs are that this pair is moving lower and with AUD/USD turning BULLISH then I think this trade has a good chance.
Target is open but the band of support at 1.9620 area looks a potential target although tomorrow BOE Monetary Policy and MPC Bank Rate makes all technical analysis redundant.
GBPAUD - 4hrs ( Buy Trade Target Range 240 PIP ) ✔️Pair Name : GBP/AUD
Time Frame : 4hrs Chart / Close
Scale Type : Large Scale
------
spreading knowledge among us and to clarify the most importan+t points of entry, exit and entry with more than 5 reasons
We seek to spread understanding rather than make money
Key Technical / Direction ( Long )
Type : Mid Term Swing
———————————
✔️Bullish Break
1.94000 Area
Reasons
- Choch Zone
- Pattern Break
- Fixed Range lvn
- Visible Range lvn
- Fibo Golden
- Day / week high
✔️Bearish Reversal
1.96400 Area
Reasons
- Major Turn level / D
- Pattern Target
- Visible Range Hvn
- Choch Area
- Fixed Range Hvn
- Quarters Area
GBP/AUD SELLERS WILL DOMINATE THE MARKET|SHORT
Hello, Friends!
GBP/AUD pair is in the uptrend because previous week’s candle is green, while the price is obviously rising on the 12H timeframe. And after the retest of the resistance line above I believe we will see a move down towards the target below at 1.930 because the pair overbought due to its proximity to the upper BB band and a bearish correction is likely.
✅LIKE AND COMMENT MY IDEAS✅
