Trade Like A Sniper - Episode 12 - GBPAUD - (1st June 2024)This video is part of a video series where I backtest a specific asset using the TradingView Replay function, and perform a top-down analysis in order to frame ONE high-probability setup. I choose a random point of time to replay, and begin to work my way down the timeframes. Trading like a sniper is not about entries with no drawdown. It is about careful planning, discipline, and taking your shot at the right time in the best of conditions.
A couple of things to note:
- I cannot see news events.
- I cannot change timeframes without affecting my bias due to higher-timeframe candles revealing its entire range.
- I cannot go to a very low timeframe due to the limit in amount of replayed candlesticks
In this session I will be analyzing GBPAUD, starting from the 12-Month chart.
- R2F
GBPAUD
GBPAUD - Follow The Trend!Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst.
📈 GBPAUD has been overall bearish , trading within the falling channel in red.
At present, GBPAUD is approaching the upper bound of the channel acting as a non-horizontal resistance.
Moreover, it is retesting a strong resistance marked in green.
🏹 Thus, the highlighted red circle is a strong area to look for sell setups as it is the intersection of the green resistance and upper red trendline.
📚 As per my trading style:
As #GBPAUD approaches the 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 longs
Previous week showed us a lot of bullish momentum
Price closed above a major weekly support level @1.9105
Hence, more bullish momentum was expected this week, and we are getting that
It retested a major daily region @1.9200 and formed a candlestick that closed above it.
Price has retested that same level today and shown a lot of bullish momentum.
I am waiting to buy. If I am to buy the pair, I will wait for price to test 1.9200 and form a bullish setup on smaller timeframes.
My targets are: TP1 - 1.9260 and TP2 - 1.9290
GBPAUD Will Go Lower! Sell!
Take a look at our analysis for GBPAUD.
Time Frame: 6h
Current Trend: Bearish
Sentiment: Overbought (based on 7-period RSI)
Forecast: Bearish
The market is approaching a key horizontal level 1.916.
Considering the today's price action, probabilities will be high to see a movement to 1.904.
P.S
Please, note that an oversold/overbought condition can last for a long time, and therefore being oversold/overbought doesn't mean a price rally will come soon, or at all.
Like and subscribe and comment my ideas if you enjoy them!
GBP/AUD BEST PLACE TO BUY FROM|LONG
Hello,Friends!
GBP/AUD pair is in the uptrend because previous week’s candle is green, while the price is evidently falling on the 2H timeframe. And after the retest of the support line below I believe we will see a move up towards the target above at 1.922 because the pair is oversold due to its proximity to the lower BB band and a bullish correction is likely.
✅LIKE AND COMMENT MY IDEAS✅
GBPAUD forming a top?GBPAUD - 24h expiry
Although the bulls are in control, the stalling positive momentum indicates a turnaround is possible.
Price action looks to be forming a top.
Risk/Reward would be poor to call a sell from current levels.
Preferred trade is to sell into rallies.
Bespoke resistance is located at 1.9230.
We look to Sell at 1.9230 (stop at 1.9280)
Our profit targets will be 1.9110 and 1.9070
Resistance: 1.9230 / 1.9260 / 1.9315
Support: 1.9170 / 1.9120 / 1.9065
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.
Corrective sideway patternDear analysts and traders,
I trust this message finds you in good health and high spirits as you prepare to approach the upcoming week with renewed vigor. I extend my best wishes for continued success in all your business pursuits. It is essential to emphasize that sustained success in business hinges significantly on the consistent establishment and adherence to your principles.
As an advocate of the Elliott Wave principle, I regard this methodology as a valuable instrument for market analysis. Over the past three years, I have honed my approach by amalgamating this principle with a meticulous evaluation of diverse market scenarios. I strive to mitigate market uncertainties by upholding a broad spectrum of market perspectives, enabling me to discern market structures with utmost precision.
I am pleased to share my analysis with you, with the disclaimer that I do not offer buy or sell recommendations. My perspective on analytical ideas remains entirely impartial, and if my analysis aligns with your standards, it can serve as a compass for informed decision-making.
I have enclosed my prior analysis of the same market for your perusal and comparison. All aspects of my analysis are clearly delineated for clarity. Nevertheless, familiarity with the Elliott Wave principle theory facilitates comprehension of the analytical concept. I apologize for the repetitive nature of the text, as my week is occupied with formulating analytical and educational ideas, as well as engaging in trading activities and managing my social networks. Due to time constraints, I am unable to provide textual explanations for every idea, hence the inclusion of a separate text alongside the labeling. Should the text be unclear, I am available to elucidate the key points.
My rigorous study of the Elliott Wave Principle spanned nearly three years, during which my grasp and utilization of this invaluable tool evolved. My progress thus far stands as a tribute to the legacy of Ralph Nelson Elliott, whose brilliance underpins my accomplishments. May he rest in peace.
I am grateful for your unwavering support and benevolence, and I eagerly anticipate your feedback and constructive criticism.
May my analysis serve as a valuable asset in your business endeavors, and I remain yours sincerely,
Mr. Nobody
Previous analytical ideas
Double zigzag pattern bearish scenario
GBPAUD: Short Signal Explained
GBPAUD
- Classic bearish setup
- Our team expects bearish continuation
SUGGESTED TRADE:
Swing Trade
Short GBPAUD
Entry Point - 1.9177
Stop Loss - 1.9250
Take Profit - 1.9049
Our Risk - 1%
Start protection of your profits from lower levels
❤️ Please, support our work with like & comment! ❤️
GBPAUD longsWeekly;
Price closed with an extremely bullish candlestick and broke a major weekly demand area
I expect more buys this coming week
Daily;
Price has closed above 1.92 daily region and I expect a retest in this new weekly cycle before we head upwards
My targets are 1.9290 which is the next daily region
4 hour;
Price has formed a bullish pattern
However, currently I cannot see a good spot to capitalize on longs since I do not have a well defined entry region
Sitting on my hands as i wait to see what the week unfolds
[GBPAUD] Short Swing PositionWe have a new alert for a short position on a swing point of view on $GBPAUD.
I took this short position after a clear rejection of the previous levels and a breakout structure.
My first target will be the last low and maybe we will see another low so keep a part of the trade on position.
Great Trade !
Gbpaud likely more upside...Hello fellow traders , my regular and new friends!
Welcome and thanks for dropping by my post.
Could have break up or some pullback before heading higher. In my watchlist
Do check out my recorded video (in trading ideas) for the week to have more explanation in place.
Do Like and Boost if you have learnt something and enjoyed the content, thank you!
-- Get the right tools and an experienced Guide, you WILL navigate your way out of this "Dangerous Jungle"! --
*********************************************************************
Disclaimers:
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.
*********************************************************************
Strifor || AUDUSD-23/05/2024Preferred direction: SELL
Comment: We did not see another short-term growth in the Australian dollar , as a result of which we had to abandon this idea, and today it is most likely better to consider this instrument more from the seller’s point of view. The most likely maneuver in favor of the seller will most likely develop from the level of 0.66460 , which will most likely become resistance again (scenario №1) . However, a close above this level, especially on the daily chart, will immediately restore confidence in buying, and selling will have to wait.
Scenario №2 is more conservative, according to which you should look for a sale near the level of 0.67500 , after updating the local maximum.
Additional comments on this trade will be provided as situation changes. Follow us!
Thank you for like and share your views!
Buy GBPAUD Triangle BreakoutThe GBP/AUD pair on the M30 timeframe presents a Potential Buying Opportunity due to a recent breakout from a Triangle Pattern. This suggests a shift in momentum towards the upside and a higher likelihood of further advances in the coming hours.
Possible Long Trade:
Entry: Consider Entering A Long Position Above The Broken Trendline Of The Triangle After Confirmation. Ideally, This Would Be Around 1.9235.
Target Levels:
1st Resistance – 1.9334
2nd Resistance – 1.9400
Stop-Loss: To manage risk, place a stop-loss order below 1.9180. This helps limit potential losses if the price falls back unexpectedly.
Opportunity Breakdown:
Triangle Breakout: Price action recently broke above a bullish triangle, a continuation pattern suggesting further upside potential.
Retest Confirmation: The price has retested the broken resistance line of the triangle and held, indicating strong buying pressure. This retest adds confidence to the breakout.
Ichimoku Cloud Support: The current price sits comfortably above the Ichimoku cloud, a technical indicator that often signals bullish momentum when the price is above the cloud.
Thank you.
Could GBP/AUD reverse from here?Price is rising towards the pivot which has been identified as an overlap resistance and could reverse to the 1st support.
Pivot: 1.9313
1st Support: 1.9093
1st Resistance: 1.9429
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 I Price approaching key technical level (SHORT)Welcome 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.
Please support this idea with a LIKE and COMMENT if you find it useful and Click "Follow" on our profile if you'd like these trade ideas delivered straight to your email in the future.
Thanks for your continued support!
GBP/AUD SELLERS WILL DOMINATE THE MARKET|SHORT
Hello,Friends!
GBP/AUD pair is trading in a local uptrend which we know by looking at the previous 1W candle which is green. On the 2H timeframe the pair is going up too. The pair is overbought because the price is close to the upper band of the BB indicator. So we are looking to sell the pair with the upper BB line acting as resistance. The next target is 1.904 area.
✅LIKE AND COMMENT MY IDEAS✅
GBPAUD Bank Bullish Money heist Plan to be RichMy Dear Robbers / Traders,
This is our master plan to Heist GBPAUD Bank based on Thief Trading style Technical Analysis.. kindly please follow the plan I have mentioned in the chart. Our target is Red Zone that is High risk Dangerous Level, market is overbought / Consolidation / Trend Reversal at the level Bearish Robbers / Traders gain the strength. Be safe and be careful and Be rich.
Note: If you've got a lot of money you can get out right away otherwise you can join with a swing trade robbers and continue the heist plan,
Loot and escape on the target 🎯 Swing Traders Plz Book the partial sum of money Use Trailing Stop To Protect Looted Money and wait for next breakout of dynamic level / Order Block, Once it is cleared we can continue our heist plan to next new target it will update after the Breakouts.
support our robbery plan we can easily make money & take money 💰💵 Join your hands with US. Loot Everything in this market everyday.
Could GBP/AUD bounce from here?Price is falling towards a support level which is an overlap support that aligns with the 50% Fibonacci retracement and could potentially bounce from this level to our take profit.
Entry: 1.90167
Why we like it:
There is an overlap support which lines up with the 50% Fibonacci retracement.
Stop loss: 1.89433
Why we like it:
There is a pullback support level.
Take profit: 1.91494
Why we like it:
There is a pullback resistance level which aligns with the 61.8% Fibonacci retracement.
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.
Potential GBP/AUD Sell Trend Continuation Opportunity. I will be looking to take a sell trade from around the 1.91000 level expecting a trend continuation looking for price to fall into 1.86500 level over the next few weeks.
From a technical perspective a long term trendline has been broken on the Daily / Weekly timeframe.
The market is bearish on the monthly timeframe.
A stop loss above 1.92000 would seem to be a great protective area with a strong level of resistance formed on the 4HR timeframe.
GBP/AUD Confirmed Inverted H&S Pattern , Second Entry Valid Now This Is An Educational + Analytic Content That Will Teach Why And How To Enter A Trade
Make Sure You Watch The Price Action Closely In Each Analysis As This Is A Very Important Part Of Our Method
Disclaimer : This Analysis Can Change At Anytime Without Notice And It Is Only For The Purpose Of Assisting Traders To Make Independent Investments Decisions.