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Gbpaudlong

GBPAUD - BULLISH BIASGBP - Weak Bullish 1️⃣ According to UK’s Public Health officials, the Pfizer and AstraZeneca vaccines are only 33% effective against the Delta variant after a single shot. However, the effectiveness of both vaccines improves to above 90% after two doses. 2️⃣ Focus are now will be on fresh macro updates on jobs and retail sales - both expected to be GBP supportive. AUD - Weak Bearish 1️⃣ Investors this week are expected to be cautious ahead of the FOMC meeting and avoid putting money in high-yielding countries. 2️⃣ Recent disappointment in AU business and consumer confidence. ===== Technical ===== We are buying the GBPAUD at support + SMA 50 + pivot point on the H1 chart. ===== Risk to this trade ===== Any change in sentiment could turn the pair's direction.
Long
by MonsunAsia
GBPAUD reacting above 1st support, potential for further upside!Price is reacting above 1st support, which is in line with our 50% Fibonacci retracement, 78.6% Fibonacci extension and horizontal overlap support. We could see further upside above this level, towards 1st resistance, in line with 78.6% Fibonacci retracement, 78.6% Fibonacci extension and horizontal pullback resistance. Price is also holding above the moving average support, in line with our bullish bias. Trading CFDs on margin carries high risk. Losses can exceed the initial investment so please ensure you fully understand the risks.
Long
by TradeGATEHub
2
Show of hands time. Who else is in GBPAUD buys 🙋‍♂️Morning traders. Second idea of the day already. Our script overnight has alerted a GBPAUD buy. Entry details are shown on the chart. We're only looking for TP3. Trade history can be seen below this trade idea too for full transparency. ------------------------------------------ I try and share as many ideas as I can as and when I have time. My trades are automated so I am not sat in front of a screen daily. Jumping on random trade ideas 'willy-nilly' on Trading View trying to find that one trade that you can retire from is not a sustainable way to trade. You might get lucky, but it will always end one way. ------------------------------------------ Please hit the 👍 LIKE button if you like my ideas🙏 Also follow my profile, then you will receive a notification whenever I post a trading idea - so you don't miss them. 🙌 No one likes missing out, do they? Also, see my 'related ideas' below to see more just like this. Interested in access to my strategy so you can be in these trades the moment they're valid? Drop me a DM . The stats for this pair are shown below too. Thank you. Darren
Long
by pow_removetheguesswork
GBPAUD to mitigate before going higher?As you may know, an easy setup I trade involves price breaking previous levels which is the Intent to go higher (in this case). However, such a move is not sustainable before clearing out open short positions in order to go higher in profit. Therefore, price should return to the zone indicated before going higher. A risk entry would be at the zone indicated however I recommend waiting for a reversal on LTF to avoid liquidity grabs. GL
Long
by fxsurgeon1
4
GBPAUD OVERVIEW for the month of June GBPAUD analysis overview- Monthly closure - bullish engulfing, giving me a long bias(long term) for the time being Weekly chart - bullish closure with a significant bullish rejection (long lower wick), can potential start ranging if reject from the resistance level ahead Daily chart - break above resistance making a new higher high, potential new resistance found and could potential see a retracement (this would be dependent on how the lower timeframes hold their structure) if today's candles closes bearish and tomorrow follows through, potential area it could retrace too 38.2% as it has confluence with previous resistance level. H4 chart - initiated a 123 move to the up side which could give birth to an uptrend, I have to areas of interest the 38.2% fib level as it is the same area of interest as the Daily chart, if this area fails to hold support(if we ever get to it in the first place) i would potentially be looking at the 61.8% which is lining up with my previous H4 resistance level and has we know "previous resistance can become support" 30m chart (my main trading TF) - we had impulse wave breaking the previous level of resistance, then followed by a pullback which seems to be finding support at the 50% fib level, potentially creating something which some people would call a 'double bottom' (lets see how the candle closes). Overall a lot of confluence for potential long opportunities, which will be my main focus for this pair for this month ( as long as market structure still maintains the same).
Long
by Inacio_1998