GBP AUDMy analysis on GBP AUD, I use limit orders so I don't need to be in front of the chart all day.
To consider this a good entry there are certain criteria to follow:
1. Clean BoS with IMB.
2. * Look for areas where liquidity has been purged.
3. * Stochastic: in uptrend 0-15, in downtrend 85-100.
( * ) = Not optional but increases our probability.
I use Fibonacci to get these extreme points and my preferred one is 75% retracement, with a risk-reward of 1:3.
Set and forget.
Trade carefully,
This is not financial advice, DYOR.
GBPAUD
GBPAUD to stall at previous swing high?GBPAUD - 24h expiry
Continued upward momentum from 1.9380 resulted in the pair posting net daily gains yesterday.
A Fibonacci confluence area is located at 1.9100.
Selling spikes offers good risk/reward.
Bespoke resistance is located at 1.9537.
There is scope for mild buying at the open but gains should be limited.
Intraday signals are far from strong.
We look to Sell at 1.9537 (stop at 1.9587)
Our profit targets will be 1.9417 and 1.9387
Resistance: 1.9537 / 1.9570 / 1.9972
Support: 1.9400 / 1.9277 / 1.9100
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.
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GBPAUD Set To Grow! BUY!
My dear subscribers,
My technical analysis for GBPAUD is below:
The price is coiling around a solid key level - 1.9345
Bias - Bullish
Technical Indicators: Pivot Points Bullish anticipates a potential price reversal.
Super trend shows a clear buy, giving a perfect indicators' convergence.
Goal - 1.9344
My Stop Loss - 1.9291
About Used Indicators:
By the very nature of the supertrend indicator, it offers firm support and resistance levels for traders to enter and exit trades. Additionally, it also provides signals for setting stop losses
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WISH YOU ALL LUCK
GBPAUD Trading IdeaBased on Simple Technical Analysis ( Trendline + Support & Resistance )
Risk Disclaimer:
Please be advised that I am not telling anyone how to spend or invest their money. Take all of my analysis as my own opinion, as entertainment, and at your own risk. I assume no responsibility or liability for any errors or omissions in the content of this page, and they are for educational purposes only. Any action you take on the information in these analysis is strictly at your own risk. There is a very high degree of risk involved in trading. Past results are not indicative of future returns. Good luck :-)
GBPAUD Is Very Bullish! Buy!
Please, check our technical outlook for GBPAUD.
Time Frame: 3h
Current Trend: Bullish
Sentiment: Oversold (based on 7-period RSI)
Forecast: Bullish
The market is on a crucial zone of demand 1.935.
The oversold market condition in a combination with key structure gives us a relatively strong bullish signal with goal 1.941 level.
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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GBPAUD BEARISH IDEA-Broke previous low
-(4h) demand zone is the target
- Bullish falling wedge pattern is being created on higher time frame (4h)-(D), Take a close look, the target of my trade would be stopping early buyers on short term demand zones ( $$$) all the way to the main (4h) demand. And once price reaches this zone, we will be looking for a long term BUY ---> (BLUE PATH)
I highly anticipate some kind of manipulation since both buyers and sellers are currently strong !
FOLLOW FOR INSTANT UPDATES since
price can react differently!
GBPAUD Trading IdeaBased on Simple Technical Analysis ( Trendline + Support & Resistance )
Risk Disclaimer:
Please be advised that I am not telling anyone how to spend or invest their money. Take all of my analysis as my own opinion, as entertainment, and at your own risk. I assume no responsibility or liability for any errors or omissions in the content of this page, and they are for educational purposes only. Any action you take on the information in these analysis is strictly at your own risk. There is a very high degree of risk involved in trading. Past results are not indicative of future returns. Good luck :-)
GBPAUD:🔴Possible bearish scenarios...!🔴(Details on caption)
Well, By checking the GBPAUD daily chart, we can see the price grabbed the buy side liquidity then had a bearish reaction, and activated the bearish daily breaker block.
Then to see more details we should check the 1 Hour chart. In 1 hour chart there are two bearish scenarios.
The first one is, that the price takes the liquidity above 1.939 and then falls to sell-side liquidity.
The second scenario is, that the price has a more retracement. In this scenario, the price may move higher to collect the liquidity above the liquidity pool(1.9445) and then start a downward move from OTE.
💡Wait for the update!
🗓️12/03/2024
🔎 DYOR
💌It is my honor to share your comments with me💌
GBPAUD Sellers In Panic! BUY!
My dear followers,
This is my opinion on the GBPAUD next move:
The asset is approaching an important pivot point 1.9315
Bias - Bullish
Safe Stop Loss - 1.9282
Technical Indicators: Supper Trend generates a clear long signal while Pivot Point HL is currently determining the overall Bullish trend of the market.
Goal - 1.9382
About Used Indicators:
For more efficient signals, super-trend is used in combination with other indicators like Pivot Points.
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WISH YOU ALL LUCK
GBPAUD Is Bullish! Buy!
Take a look at our analysis for GBPAUD.
Time Frame: 4h
Current Trend: Bullish
Sentiment: Oversold (based on 7-period RSI)
Forecast: Bullish
The market is approaching a significant support area 1.931.
The underlined horizontal cluster clearly indicates a highly probable bullish movement with target 1.937 level.
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.
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GBPAUD: Bullish Continuation & Long Trade
GBPAUD
- Classic bullish setup
- Our team expects bullish continuation
SUGGESTED TRADE:
Swing Trade
Long GBPAUD
Entry Point - 1.9354
Stop Loss - 1.9313
Take Profit - 1.9444
Our Risk - 1%
Start protection of your profits from lower levels
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GBP/AUD turning BULLISH - LONG trade from 1.9305The technicals are suggesting that GBP/AUD may be headed north.
Yesterday the price the price bounced off WS1 support and we've seen GBP/AUD BEARS push the price back down to this level earlier today where BUYERS have again pushed the price away from this level. Its possible that we may see GBP/AUD BEARS attempt to push the price back to WS1 but other technicals suggest that the BULLS are ascerting control.
RSI was reading under 30 2 hours ago and is now 33.75 and the MACD fast MA is on the verge of crossing the slow MA and these MA's are increasing in value.
The Andean Oscillator green BUY line was zero but in the last 2 hours we've seen this rise and is now reading .00052. This would suggest an increase in BULLISH activity.
We have a W-Bottom candle pattern being carved out with the touches on WS1 and these touches also lie in a support channel.
Its possible that GBP/AUD BEARS haven't finished with this pair but GBP/USD has been very BULLISH this morning so ther's been some significant GBP buying around.
Today is, of course, the big one.
Its N.F.P. Friday so all bets are off as to where the market is headed.
If this trade is still alive in 2 hours and 15 minutes and in + pips then I'll move the STOP to break even but if the trade hasn't gone anywhere (which is likely) then I'll exit and see where we are an hour or two after the N.F.P. numbers are released.
GBPAUD back in play for the short to fill the HTF gap.Glossary:
VA – Value Area
Liq.P – Liquidity Point
PiPo – Pivot Point
BO – Break-Out
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
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After tapping into the previous swing high and a strong impulsive move to the downside, price formed
two smaller consolidations before starting to form a larger bear-flag.
Waiting for a retest of the small Liq.P, finishing the bear-flag and a push down to the VA to fill the HTF Gap.
GBPAUD - potencial for more upside Looking at the GBPAUD pair, we can observe a sharp decline in GBP during today's session, supported by a strong AUD and weaker GBP. However, our stance remains unchanged; we anticipate GBP strengthening in the next few sessions. Consequently, we've entered a long position at 1.93800. Our stop loss is set at around 1.93300, representing a loss of 50 pips or 0.3%, while our target is 1.96600, indicating a potential gain of 260 pips or 1.3%. On the 4th and 5th of March, the price printed a higher high, signaling a robust upward trend and breaking the previous resistance from the 13th of February.
It is important to note that this analysis is based on historical patterns and technical indicators and should not be construed as financial advice. Individual traders should conduct their own research and consider their risk tolerance before making any trading decisions.
GBPAUD I Correction and more decline 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.
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Potential GBP/AUD LONG tradeGBP/AUD has sold off agressively since late Tuesday and now the BEARS are reaching exhaustion.
On H1 the RSI is reading 17.19 so we are well into oversold territory.
MACD is also weakening as the fast MA is poised to move above the slow MA which would be a sign that GBP/AUD BULLS are entering the market.
However.
WS1 pivot sits 14 pips under the current price (1.9307) and its likely that GBP/AUD BEARS will endevour to have one final push to hit this support level.
I'm waiting to see if this happens but its not guaranteed.
The Andean Oscillator will be the key.
We should see the green BUY line start to move away from zero and at the same time we will see the red SELL line start to meet the signal line south and eventually cross.
The last H1 candle was a doji which is an indecision candle (not a reversal candle as is commonly believed - it may well turn out to be one but that would depend on subsequent candles).
An indecision candle confirms a battle between the BULLS and the BEARS.
My guess is we are defintely headed higher, it just aquestion of when.
I'll update this post if we get a confirmed BUY signal.