GBPAUD
#GBPAUD 4HGBP/AUD 4H Analysis: Sell Opportunity
Pattern Overview:
The GBP/AUD currency pair is currently exhibiting a clear downtrend on the 4-hour chart. This downtrend is characterized by a series of lower highs and lower lows, indicating sustained bearish momentum.
Technical Indicators:
Trend Analysis: The overall trend is downward, with recent price action consistently making lower peaks and troughs.
Support and Resistance: Key resistance levels are holding firm, while support levels have been broken, reinforcing the bearish outlook.
Moving Averages: Short-term moving averages are positioned below longer-term moving averages, confirming the downtrend.
Sell Opportunity:
Given the established downtrend, the market conditions suggest a strong sell opportunity. Traders should look for confirmation signals such as:
Breakout Points: A break below recent support levels can offer additional confirmation.
Momentum Indicators: Indicators like the RSI or MACD showing bearish signals can strengthen the sell thesis.
Forecast:
Based on the current analysis, the forecast leans towards further declines in the GBP/AUD pair. Traders should consider entering sell positions with appropriate risk management strategies, including stop-loss orders to mitigate potential reversals.
Summary:
The 4-hour chart for GBP/AUD suggests a continuation of the downtrend. With a pattern of lower highs and lows, and resistance holding firm, there is a compelling sell opportunity. Monitor for confirmation signals to optimize entry points and manage risk effectively.
GBPAUD long- Price on the 3 month timeframe is very bullish as there are consecutive higher highs.
- Price on the monthly is bullish as well since August's month candlestick broke above a high.
- With this in mind, we know that price is just collecting orders before we see a move upwards.
- My monthly targets would be at 2.0365
- Two weeks ago, the week's candlestick broke above the body closure of the previous major region at 1.9655. However, we can tell that orders were not enough to take price higher. That is why last week's candlestick ended up bearish.
- This tells me that price is simply collecting orders for a bullish move.
- On the daily, two things happened.
- First, price broke above a major liquidity region at 1.9590. After breaking the region, price never tested that level before going upwards. What this tells me is that wanted to go higher but was unable and hence, it went to the 1.9500 psychological level.
- We see that price took orders from the 1.9500 psychological as is evidence from the three pin pattern and double bottom on the 4 hour timeframe. If price breaks above yesterday's high at 1.9605, the next targets would be at 1.9635. The 4 hour target would be at 1.9620.
- As of now, I sit on my hands as I wait for price to head upwards
GBP/AUD SENDS CLEAR BEARISH SIGNALS|SHORT
Hello, Friends!
GBP/AUD is making a bullish rebound on the 1D TF and is nearing the resistance line above while we are generally bearish biased on the pair due to our previous 1W candle analysis, thus making a trend-following short a good option for us with the target being the 1.922 level.
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GBPAUD - Look for Continuation Long (SWING) 1:4!The price is showing a strong bullish trend with a clear HH and HL structure, currently retesting the HTF trendline before potentially continuing to the next Supply Zone. With a RBR pattern serving as confirmation, the next Demand Zone holds high potential for the price to take the order block and continue moving upwards.
Let's see if the price can reach the target profit levels!
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 4H Chart Analysis – Targeting Bullish MomentumWe’re looking at the GBPAUD 4H chart, where a fresh BUY signal has been triggered, signaling potential upside movement.
Key Observations:
- BUY Signal: A BUY signal was generated at 1.95551, suggesting a potential reversal and an opportunity for a bullish move.
- TP Zone: The identified Take Profit (TP) zone ranges from 1.96055 to 1.96544, offering a potential gain of around 50 to 100 pips from the entry point, making this setup an attractive target.
- Market Structure: Price action is currently holding above key support levels, and the market structure indicates a weakening of the bearish trend, favoring a possible move towards the TP zone.
Trading Plan:
- Bullish Scenario: If the price continues its upward momentum as expected, aiming for the TP zone between 1.96055 and 1.96544 could present a solid return. Watch for additional confirmations as the price moves closer to these levels.
- Risk Management: Adjust positions and strategies as new signals develop, allowing for flexibility to respond to market fluctuations. Keep monitoring the price action and adapt your exit points accordingly.
Important Note: This is a trade idea. Make sure to perform your own analysis to ensure it fits your risk tolerance and strategy.
Stay alert and trade smart!
GBPAUD longHere is why:
- On the 3 month timeframe, price has formed mini higher highs indicating that price is headed upwards. My targets for this timeframe are 2.03700
- On the daily, if you zoom in on yesterday's candlestick, you can see that price broke a high. Moreover, 1.9650 is a very strong liquidity area. Price attempted to break that area but was unable. We see that Monday's candle collected some orders to push higher but they were not enough to take the pair further. Hence, why we see this sudden rush of bearish momentum.
- Price is currently looking for areas to collect orders from and I spectate that it will do that at the 1.9450 region (which is a weekly level and a major 4 hour liquidity level)
- I am sitting on my hands as I wait for a bullish setup before I enter the markets
GBP/AUD SHORT FROM RESISTANCE
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 1.949.
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GBP/AUD Bank Money Heist Plan on Bullish SideHola ola My Dear,
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Stop Loss : Recent Swing Low using 1H timeframe
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GBP/AUD +150 Pips 0 Drawdown , New Entry For New Week !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.
GBP/AUD Gave Yesterday +50 Pips ,New Entry Valid To Who Missed !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.
GBP-AUD Bullish Bias! Buy!
Hello,Traders!
GBP-AUD is going up now
And the pair made a bullish
Breakout and a retest of the
Key horizontal level of 1.9517
Which is now a support and
From where we are already
Seeing a bullish rebound so
We are locally bullish biased
And we will be expecting a
Further move up
Buy!
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GBP/AUD BEARS WILL DOMINATE THE MARKET|SHORT
Hello, Friends!
GBP/AUD pair is trading in a local downtrend which know by looking at the previous 1W candle which is red. On the 1D timeframe the pair is going up. 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 1.921 area.
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GBPAUD: Short Trade Explained
GBPAUD
- Classic bearish setup
- Our team expects bearish continuation
SUGGESTED TRADE:
Swing Trade
Short GBPAUD
Entry Point - 1.9520
Stop Loss - 1.9594
Take Profit - 1.9391
Our Risk - 1%
Start protection of your profits from lower levels
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GBPAUD - 4hrs ( Buy Trade Target Range 320 PIP )Pair Name : GBP/AUD
Time Frame : 4hrs Chart / Close
Scale Type : Large Scale
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spreading knowledge among us and to clarify the most importan+t points of entry, exit and entry with more than 5 reasons
We seek to spread understanding rather than make money
Key Technical / Direction ( LONG )
Type : Mid Term Swing
———————————
Bullish Break
1.95700 Area
Reasons
- Major Turn level
- Visible Range LVN
- Pattern Break
- Fixed range LVN
- Week / day High
GBP/AUD Broke The Res , Very Clear To Buy It And Get 200 Pips !We have a very good broke to res and we have a very good bullish price action , so we can wait the price to be back to retest the broken res and then we can enter a buy trade with 200 pips target !
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.
GBPAUD longHere is why:
- There are several confluences.
- The 3 month, monthly and daily timeframe are bullish. The 1 week timeframe is a bit messy and hard to analyze.
- Yesterday we saw a rush of bullish momentum as stated in Monday's analysis
- My targets were 1.9605. However, price has not hit my target yet.
- I am currently expecting price to 1.9535 then head towards my target where I expect to buy. For now I am sitting on my hands.
- I expect the London session to form a bullish setup, which I am currently waiting for.