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Gbpaudlong

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.
Long
by forextraplaces
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.
Long
by Coder775
2
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.
Long
by forextraplaces
GBPAUD Technical Analysis and Trade IdeaOn the higher time frame, the GBPAUD currency pair demonstrates a bullish trend, characterized by recent retracement movements that have brought it into an equilibrium zone. Bullish Trend: The GBPAUD has been exhibiting a bullish bias, indicating strength in the British pound relative to the Australian dollar. This trend is evident over an extended period, suggesting potential further upside. Retracement: Recent price action shows a retracement into an equilibrium zone, where a potential buy opportunity could present itself at around the 61.8% fibo level. Disclaimer This analysis provides a technical perspective on the GBPAUD currency pair. However, it is essential to emphasize that this information should not be construed as investment advice. Each trader’s risk tolerance, financial goals, and individual circumstances vary. Make informed decisions based on thorough research and a comprehensive assessment of all relevant factors.
Long
by fxtraderanthony
GBPAUD H1 / Bullish Trend - Looking for a Long Entry OpportunityHello Traders! This is my idea related to GBPAUD H1. I see the bullish structure, and I will look for a confirmation for a long entry. The expected scenario would be to look for an entry after another Higher Low. If confirmed, I will execute the entry. Traders, if you liked my idea or if you have a different vision related to this trade, write in the comments. I will be glad to see your perspective. ____________________________________ Follow, like, and comment to see my content: www.tradingview.com
by GoodTradeST
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. Please support this idea with a LIKE and COMMENT if you find it useful and Click "Follow" on our profile if you'd like these trade ideas delivered straight to your email in the future. Thanks for your continued support!
Long
by BKTradingAcademy
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.
Long
by forextraplaces
GBPAUD - Bullish market structure ✅Hello traders! ‼️ This is my perspective on GBPAUD. Technical analysis: Here we are in a bullish market structure from 4H timeframe perspective, so I am looking for a long. I want price to go a little bit lower to fulfill the imbalance and then to reject from bullish order block + institutional big figure 1.93000. Fundamental news: Next week on Wednesday we'll see results of yearly CPI on GBP and on Thursday Unemployment Rate on AUD. Like, comment and subscribe to be in touch with my content!
Long
by Snick3rSD
2
GBPAUD | Daily | Trade IdeaAhead of tomorrow’s RBA Interest rate announcement I’ll be looking closely at GBPAUD, as we can see from the current GBPAUD chart from a top-down and a down-up perspective we can take note of the fact that after managing to break out of the downward retracement last month, GBPAUD mamaged to push steadily upward until reaching our 1.94150 area before “losing momentum” forming a consolidation which has lasted for the past few days from the 17th of January till today where it has been steadily trading sideways. With the RBA Interest rate decision underway we can expect GBPAUD to finally choose a direction and breakout of the current consolidation, and from my analysis I can expect the GBPAUD to break in an upward/bullish direction pushing towards our 1.97xxx level hence I’ll be looking to hold my current GBPAUD (BUY) positions for now which haven’t yielded much results thus far. Will be sharing more updates on GBPAUD towards the end of trading tomorrow or early Wednesday morning. Please take note that this analysis is comprised solely of my personal opinions and outlook of the current market and should not be mistaken for financial advice or indication to enter into a particular trade, please confirm with your own analysis first before entering any trades based on the information from the current chart.
Long
by mosa_moshka