GBPAUD Sell/ShortLooking at a new rejection that seems to have been struggling to break past 1.93100 I can confirm to say this seems like a bearish downtrend that is occurring. I will take my entry now at 1.93072 with all inputs for TP and SL below. Please use proper risk management as always.
GBPAUD Sell/Short
ENTRY: 1.93072
TAKE PROFIT:
TP 1: 1.89317
TP 2: 1.86379
SL: 1.94623
Please use proper risk management upon entering this trade.
GBPAUD
Bullish rise?GBP/AUD has just reacted off he pivot and could potentially rise to the 1st resistance.
Pivot: 1.9245
1st Support: 1.9162
1st Resistance: 1.9338
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.
GBP-AUD Bullish Bias! Buy!
Hello,Traders!
GBP-AUD made a retest
Of the horizontal support
Of 1.9242 and we are
Already seeing a bullish
Reaction so we are
Bullish biased and we
Will be expecting
A local bullish rebound
Buy!
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Check out other forecasts below too!
GBPAUD Bullish (Retest Support, Fib Retracement, Trend Support)GBPAUD shows a bullish momentum at 4H TF. Momentum is supported by strong retest of support and fib retracement close to 0.5%. Rising trendline also provide the historic support for the bullish continuation. Took trade at CMP with SL at previous HL. What do you think, will it work?
GBPAUD: More Growth is Coming?! 🇬🇧🇦🇺
I see a very bullish pattern on GBPAUD on a daily time frame:
the pair formed an ascending triangle formation and successfully
broke its horizontal neckline.
The broken neckline and the trend line now compose the contracting
demand zone.
A bullish movement may initiate from that.
Goals: 1.935 / 1.943
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GBPAUD Continuation Long into the next VAPrice finally BO of the sideways more than 2 weeks during sideways consolidation.
With no significant area to the left until the next VA, I am patiently waiting for a H1 continuation pattern to go long.
There are 2 potential levels for a turnaround, the 1st at 1.9295 and the second at 1.9254. Best case we get a bigger H1 3-touch consolidation which taps into the lower area, simultaneously retesting the upper bound of the consolidation before continuation long.
***********
Glossary:
VA – Value Area
Liq.P – Liquidity Point
BO – Break-Out
EO – Entry Order
H1 – Hourly Time-frame
M15 – 15min Time-frame
LTF – Lower Time-frame
HTF – Higher Time-frame
Magenta horizontal Ray – Area of Interest
Magenta rectangle – Gap / Area of Significance
Green Path – Preferable PA
Orange Path – Acceptable PA
***********
GBPAUD is approaching the trendHey Traders, in tomorrow's trading session we are monitoring GBPAUD for a selling opportunity around 1.93700 zone, GBPAUD is trading in a downtrend and currently is in a correction phase in which it is approaching the trend at 1.93700 support and resistance area.
Trade safe, Joe.
GBPAUD I Technical and fundamental analysis and projection aheadWelcome back! Let me know your thoughts in the comments!
** GBPAUD Analysis - Listen to video!
We recommend that you keep this pair on your watchlist and enter when the entry criteria of your strategy is met.
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Thanks for your continued support!Welcome back! Let me know your thoughts in the comments!
GBPAUD - Look for Continuation Long (SWING) 1:6!Hey followers! SFX is back after a loooooooong break! Here we go with the first setup after my comeback :)
The price is forming a descending triangle pattern on the higher time frame and is currently reaching the top descending line. Despite this, there is no sign of bearish momentum yet, as it is supported by a strong daily trendline. Be cautious of fakeouts, which are common as liquidity traps that can trigger stop-losses before the price potentially rises significantly.
Zooming in to the lower time frame, we observe a strong bullish flag, indicating that buyers are still active.
What should we do next?
Wait for another confirmation, such as the next candlestick or chart pattern, once the Daily/H4 closes before going long. If confirmation is given and the daily support holds, be prepared for the price to potentially rise significantly.
Oh, by the way, fundamentally, AUD is correlated with GOLD. Currently, DXY is showing strong bullish momentum and is consolidating (pulling back) at the moment. What does this mean? GOLD = AUD = Bearish.
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!
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: 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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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
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.
———————————
WISH YOU ALL LUCK
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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Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad 🤝
GBPAUD longWeekly;
Price closed above a major support region (1.9100) and retested it last week
Price is therefore showing bullish momentum to the next region of 1.9290
Daily;
Price closed above 1.9100 which is major liquidity region
The next major liquidity region is 1.9290
Price has already collected orders from 1.9100 and I believe that it is headed to 1.9290
4 hour;
Price formed a three pin pattern on the 1.9100 region as well as a double bottom
The closest target is the -27.00 of the fib which is 1.9209
My best entry would be if price closes above 1.9175 and retests the region
Bearish drop?GBP/AUD has reacted off the pivot and could potentially drop to the 1st support which has been identified as an overlap support.
Pivot: 1.91692
1st Support: 1.90355
1st Resistance: 1.92457
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.