GBPAUD
Three waves down! Three waves up! Otherwise, wave 4Dear FRIEND,
I hope you're doing well and that the new year has started on a good note for you. I wish you success in your business endeavors and a happy new year with your loved ones.
As someone interested in the Elliott Wave principle, I find it to be a valuable tool for market analysis. I have developed my approach by combining this principle with my personal experience and by considering various scenarios that are likely to occur in the market.
I am sharing my analysis with you. However, please note that I am not providing any buy or sell signals. My goal is to share my unbiased analysis with you so that you can use it as a guide to make informed decisions.
In the attachment, I have included my previous analysis of the same market so that you can compare and see the. All the details of my analysis are clearly labeled, making it easy for you to understand (although having a basic familiarity with the Elliott Wave Principle theory will help you understand the analytical idea more easily).
I have been studying the Elliott Wave principle for almost three years now. With time, my understanding of this knowledge and experience has increased. What I have achieved so far is a legacy of a genius named Ralph Nelson Elliott, and I am truly satisfied with my progress. May his soul rest in peace and his memory be cherished.
Thank you for your support so far. I am grateful and will always remember your kindness. Please feel free to share your thoughts and feedback with me.
I hope my analysis will be useful to you in your business journey, and I wish you all the best.
Sincerely,
(Mr. Nobody)
GBPAUD Potentially BullishFX:GBPAUD eventually broke out on the up side and is currently attempting a retest of the broken zone. If it holds as a new found support, a buy will be in order. I recommend the reversal patterns be fully formed before taking the position
Past results does not guarantee future results, do your due diligence
GBPAUD Longer Term Short - Already involved Here's another longer term idea on this pair and I'm already involved. Aussie losing strength over a long period of time and has tried already 3 times to break out of a range and failed every time, we can short now and hold on until we see a 50% retracement from the previous bullish leg as demonstrated.
GBPAUD Will Collapse! SELL!
My dear friends,
My technical analysis for GBPAUD is below:
The market is trading on 1.9133 pivot level.
Bias - Bearish
Technical Indicators: Both Super Trend & Pivot HL indicate a highly probable Bearish continuation.
Target - 1.9010
Recommended Stop Loss - 1.9201
About Used Indicators:
A pivot point is a technical analysis indicator, or calculations, used to determine the overall trend of the market over different time frames.
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WISH YOU ALL LUCK
GBP/AUD SELL OPPORTUNITY I'm currently waiting for this 1HR trendline going back to Jan 2nd, 2024 to break and retest. Once it breaks below the trendline AND closes below the pivotal point of 1.90458 I will then start placing sell orders. The Daily D FIB Extension is at 1.84685 so that will be my main target on the way down. I will be selling every counter trendline break opportunities I can find. Happy Trading! :)
GBPAUD Is Bullish! Buy!
Here is our detailed technical review for GBPAUD.
Time Frame: 2h
Current Trend: Bullish
Sentiment: Oversold (based on 7-period RSI)
Forecast: Bullish
The market is trading around a solid horizontal structure 1.905.
The above observations make me that the market will inevitably achieve 1.910 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 stocks and potential AUD weaknessHey Traders, in tomorrow's trading session we are monitoring GBPAUD for a buying opportunity around 1.89900 zone, GBPAUD is trading in an uptrend and currently is in a correction phase in which it is approaching the trend at 1.89900 zone.
Adding a fundamental layer to our analysis, the recent Consumer Price Index (CPI) figures could play a pivotal role in the market dynamics. Notably, the strong CPI could lead to a strengthening of the US dollar. While a robust dollar might be viewed positively in some contexts, in the realm of stocks, it could have adverse effects. A strong dollar is generally perceived as negative for stocks, as it can impact corporate profits, leading to a potential bearish sentiment in equities.
Traders should be vigilant about these interconnected factors, understanding the broader market dynamics and the implications of fundamental releases on correlated assets. As always, trade safe and stay informed about the evolving market conditions.
Remember I mentioned about GbpAud last week, now what?Hello fellow traders , my regular and new friends!
Welcome and thanks for dropping by my post.
Last week I was mentioning that I was looking at GbpAud since its at a key area of resistance...I mentioned in my video to be open to it breaking up as well..So it did, so far, pullbacks should be to enter on long.
Do check out my stream video 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"! --
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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.
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GBPAUD - Short active ✅Hello traders!
‼️ This is my perspective on GBPAUD.
Technical analysis: Here we are in a bearish market structure from 4H timeframe perspective, so I am looking for short. I expect bearish price action from here as price rejected from institutional big figure 1.91000 + FIBO 0.786 level.
Fundamental news: Next week on Wednesday will be released yearly CPI on GBP and on Thursday we will see results of Unemployment Rate on AUD.
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7 Dimension Bearish Setup For GBPAUD 🕛 TOPDOWN
Monthly: The presence of a triangle signals a continuation, coupled with a rejection at the upper trendline, indicating potential upward momentum.
Weekly: Notably, a change in character is observed. To pursue further highs, a deeper downward movement for a liquidity sweep is anticipated, suggesting a potential downside.
😇 7 Dimension Analysis
Time Frame: Daily
1: Swing Structure: Despite an intact bullish structure, abnormal elements are detected during consolidation.
🟢 Structure Behavior: Choch
🟢 Swing Move: Impulsive
🟢 Inducement: Confirmed
🟢 Pull Back: No pullback evident
🟢 Internal Structure: Sideways
🟢 No unmitigated Order block at the upper side
Trendline marked, Support Breakout/CIP waiting, pre-breakout buildup with micro bearish quality check.
🟢 Traps: A trendline Fake out has occurred, implying a potential sharp move if the trendline breaks again.
🟢 Time Frame Confluence: Daily
2: Pattern
🟢 CHART PATTERNS
Reversal: Notable patterns include Head and Shoulders (strong at the top), Consolidation Rectangle with higher lows, and a Symmetric Triangle indicating continuation.
🟢 CANDLE PATTERNS
In the current sideways market, candle patterns might not be as effective. However, candle quality, size, and frequency suggest heightened bearish activity.
3: Volume
🟢 Fixed Range: Bearish volume surpasses bullish volume.
🟢 Volume during Cycle: A substantial bearish volume has been observed.
4: Momentum RSI
🟢 Zone: Stuck in a sideways zone.
🟢 Range shifted: Transitioned from bullish to sideways.
🟢 Loud moves: Also shifted, indicating a likelihood of further downward movement.
5: Volatility Bollinger Bands
🟢 Middle band: Positioned below the price.
🟢 Volatility Contraction: Fully observed.
🟢 Squeeze breakout: Anticipated.
🟢 Band Puncher: Price action exhibits punches on both sides.
6: Strength According to ROC
🟢 Values: A comparison of 0.37 vs 2.46 shows AUD's strength over GBP.
7: Sentiment
✔️ Entry Time Frame: H1
✅ Entry TF Structure: Internal BOS
☑️ Current move: Impulsive
✔ Support resistance base: Last high liquidity sweep and rejection.
💡 Decision: Sell
🚀 Entry: 1.9040
✋ Stop loss: 1.9270
🎯 Take profit: 1.8020
2nd If Internal Structure changes, also exit on 3rd trendline breakout, Fomo
😊 Risk to reward Ratio: 1:4.5
🕛 Expected Duration: 30 days
SUMMARY
The comprehensive analysis suggests a nuanced scenario with potential for both upward and downward movements. While bullish elements persist, anomalies in consolidation hint at complexities. The expectation of a liquidity sweep for further highs and the indication of bearish volume emphasize the need for cautious trading. The decision to sell is supported by multiple factors, including structural analysis, candle patterns, and volume considerations. The risk-to-reward ratio and expected duration align with a strategic approach to market dynamics.
GBP/AUD BEARS WILL DOMINATE THE MARKET|SHORT
Hello,Friends!
We are now examining the GBP/AUD pair and we can see that the pair is going up locally while also being in a uptrend on the 1W TF. But there is also a powerful signal from the BB upper band being nearby, indicating that the pair is overbought so we can go short from the resistance line above and a target at 1.891 level.
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GBPAUD 4H Double topThe price of GBPAUD has formed a potential double top on the 4H Chart
Additional confluences:
- The pattern is happening at a strong reisstance range created from multiple previous low points in the price
- The 2 tops are showing rejection from the 0.618 Fib level
- The MACD has formed a bearish cross around the middle of the formation of the double top chart pattern
GBPAUD Will Go Higher! Buy!
Take a look at our analysis for GBPAUD.
Time Frame: 2h
Current Trend: Bullish
Sentiment: Oversold (based on 7-period RSI)
Forecast: Bullish
The market is testing a major horizontal structure 1.897.
Taking into consideration the structure & trend analysis, I believe that the market will reach 1.907 level soon.
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 🇦🇺 - Rising or falling? A breakthrough will determGBPAUD is forging a consolidation as market participants try to decide on the potential. The level of 1.9015 is an important zone for the participants. Overcoming the boundary of the consolidation range will form an entry point for price movement in one or another direction
Consolidation can lead to both ups and downs:
1) The market is testing a strong resistance level at 1.90150.
2) Consolidation is formed directly at the level of 1.90150.
3) Range boundaries are formed, the break of which will determine the further direction
4) Break of the support at 1.8939 - decline
5) Break of resistance 1.903 - growth