GBPAUD BUY BIASWeekly: Bearish, Rejection from major weekly resistance 198.550, Failed retest of Head and shoulders pattern price closed above the right shoulder, recently mitigated ob 1.98550, Made a Double bottom pattern at daily supply zone 1.86550, Unmitigated ob at 1.87625, Bearish rejection candle at daily resistance 1.94750, Bullish choch
Daily: Consolidation, Inverse Head and shoulders, 2 bar rejection at major resistance 1.94750, Has not retested major support 190.325 after break, Bullish choch, Double bottom pattern, Retested resistance 1.93250
4hr: Consolidation, In a minor uptrend after making a rejection can of the bottom 4hr zone, Break of bearish trendline to the upside, Has not retested .618 of fakeout that resulted to a downward movement, rejection of the 4hr resistance 1.93275.
1hr: Bullish, Liquidity is located above the 4hr resistance of 1.93275, Price is respecting a bullish trendline, Unmitigated 1hr ob, Price faded out and reversed after reaching bottom 4hr zone.
15m: Bullish, Bullish structure is being formed, Failed to make a higherhigh at 4hr resistance 1.93275, Ascending triangle pattern
I believe price is going to retest the 1hr ob fake out the market and continue the upward movement towards the Top 4hr zone to grab liquidity and retest the .618 level if its able to break 1.93275.
GBPAUD
GBPAUD The Target Is DOWN! SELL!
My dear followers,
This is my opinion on the GBPAUD next move:
The asset is approaching an important pivot point 1.9390
Bias - Bearish
Safe Stop Loss - 1.9421
Technical Indicators: Supper Trend generates a clear short signal while Pivot Point HL is currently determining the overall Bearish trend of the market.
Goal - 1.9327
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,🔴Sell opportunity🔴
Well since the price hit the daily order block mean threshold and grabbed the liquidity above the previous day's high it created a high probability sell opportunity for us.
💥Please pay attention: in this scenario, we need LTF confirmation. We should not enter as a limit order.💥
💡Wait for the update!
🗓️27/02/2024
🔎 DYOR
💌It is my honor to share your comments with me💌
GBP/AUD SELLERS WILL DOMINATE THE MARKET|SHORT
Hello,Friends!
Previous week’s green candle means that for us the GBP/AUD pair is in the uptrend. And the current movement leg was also up but the resistance line will be hit soon and upper BB band proximity will signal an overbought condition so we will go for a counter-trend short trade with the target being at 1.928.
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GBPAUD Sideway Bounce Trading SetupI'm excited to share a trading setup on GBPAUD utilising the Sideway Bounce strategy. Here are the details:
- Setup: Sideway Bounce Trading
- Short Entry: 1.9324
- Long Entry: 1.9230
The Sideway Bounce strategy is a technique I've tested and traded since 2005, and I find it a comfortable and reliable approach.
In this scenario, I'm considering a short position at 1.9324 or a long position at 1.9230, aiming to capitalise on potential movements within this range.
This setup offers approximately 100 pips of profit potential, making it an intriguing opportunity to watch closely.
Feel free to share your thoughts and trade plans for GBPAUD. Are you inclined to go short or long?
GbpAud could likely pullback for longHello fellow traders , my regular and new friends!
Welcome and thanks for dropping by my post.
Pulling back for long ,could target 1.94 ,but do expect it to be choppy judging at its recent PA.
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!
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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 I It will grow briefly but future decline is expected 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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GBPAUD Will Go Up! Buy!
Please, check our technical outlook for GBPAUD.
Time Frame: 5h
Current Trend: Bullish
Sentiment: Oversold (based on 7-period RSI)
Forecast: Bullish
The market is testing a major horizontal structure 1.922.
Taking into consideration the structure & trend analysis, I believe that the market will reach 1.935 level soon.
P.S
We determine oversold/overbought condition with RSI indicator.
When it drops below 30 - the market is considered to be oversold.
When it bounces above 70 - the market is considered to be overbought.
Like and subscribe and comment my ideas if you enjoy them!
GBPAUD: Bullish Continuation & Long Trade
GBPAUD
- Classic bullish pattern
- Our team expects retracement
SUGGESTED TRADE:
Swing Trade
Buy GBPAUD
Entry - 1.9243
Stop - 1.9197
Take - 1.9338
Our Risk - 1%
Start protection of your profits from lower levels
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GBP/AUD BEST PLACE TO BUY FROM|LONG
Hello,Friends!
We are now examining the GBP/AUD pair and we can see that the pair is going down locally while also being in a downtrend on the 1W TF. But there is also a powerful signal from the BB lower band being nearby indicating that the pair is oversold so we can go long from the support line below and a target at 1.939 level.
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GBPAUD What Next? BUY!
My dear followers,
This is my opinion on the GBPAUD next move:
The asset is approaching an important pivot point 1.9207
Bias - Bullish
Safe Stop Loss - 1.9107
Technical Indicators: Supper Trend generates a clear long signal while Pivot Point HL is currently determining the overall Bullish trend of the market.
Goal - 1.9370
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: Bullish Continuation & Long Signal
GBPAUD
- Classic bullish formation
- Our team expects pullback
SUGGESTED TRADE:
Swing Trade
Long GBPAUD
Entry - 1.9275
Sl - 1.9229
Tp - 1.9367
Our Risk - 1%
Start protection of your profits from lower levels
❤️ Please, support our work with like & comment! ❤️
GBPAUD My Opinion! BUY!
My dear followers,
I analysed this chart on GBPAUD and concluded the following:
The market is trading on 1.9310 pivot level.
Bias - Bullish
Technical Indicators: Both Super Trend & Pivot HL indicate a highly probable Bullish continuation.
Target - 1.9367
Safe Stop Loss - 1.9278
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.
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WISH YOU ALL LUCK
GBP/AUD is expected to reach the level of 1.9440GBP/AUD presents a bullish structure on H4. After the increase in unemployment demand data for Great Britain, the market gained strength by breaking through a supply zone now turned reversal zone, where I now expect a retracement before continuing the uptrend with the target of the supply zone at the level of 1.9440. At that level, two scenarios can be evaluated: a bullish one with the breakout of the zone and the retest before continuing towards 1.96, and a second bearish scenario where a breakout of the bullish trendline is expected with a retest on the lower side of the reversal zone and a continuation short towards 1.92. Stay tuned for further updates, greetings, and happy trading to all.
GBP/AUD BUY STOP at 1.9332 (now 1.9297)GBP/AUD is potentially carving out a W-Bottom candle pattern from an area of support and this pattern will be confirmed if 1.9332 is reached.
The pattern will be a VW formation if price continues north.
We have news out of the U.S. at 13:30 GMT this being the PPI numbers and at 15:00 we have Prelim UoM Consumer Index.
The later release doesn't generally move the market much but the PPI may well do and we've seen some big moves in the USD this week post news.
Its also Friday it has to be remembered and trading volumes will be beginning to decline as traders leave their desks for the weekend.
If this trade does trigger which currently looks unlikely as GBP/AUD is weakening then its unlikely to be heading anywhere any time soon.
GBPAUD,🔴It looks bearish🔴
By examining the GBPAUD 4-hour chart we can figure out the market structure shifted and the price had a bearish reaction to the bearish breaker block so the structure is bearish now, in addition, there is sell-side liquidity which is the smart money target.
Now the price can drop from here or it can test the bearish order block and then start the downtrend.
💡Wait for the update!
🗓️16/02/2024
🔎 DYOR
💌It is my honor to share your comments with me💌
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 :-)