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Australian Dollar/British Pound

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AUDGBP trade ideas

GBPAUD Bullish breakout supported at 2.0227The GBPAUD currency pair maintains a bullish sentiment, supported by the prevailing long-term uptrend. However, recent price action suggests an overextended bullish breakout, approaching significant resistance zones on both daily and weekly timeframes. The key trading level to watch is 2.0227. A potential overbought pullback from current levels, followed by a bullish rebound from 2.0227, could extend the upside, targeting 2.0499, with further resistance at 2.0577 and 2.0737 over a longer timeframe. Conversely, a confirmed break below 2.0227, with a daily close under this level, could signal a corrective pullback towards 2.0077 and 2.9937. Conclusion: While the broader trend remains bullish, the current overextended move suggests the possibility of short-term retracements. Holding 2.0227 as support will be critical for further upside continuation, while a breakdown below this level could trigger deeper corrections. Traders should monitor price action closely and adjust risk management accordingly. This communication is for informational purposes only and should not be viewed as any form of recommendation as to a particular course of action or as investment advice. It is not intended as an offer or solicitation for the purchase or sale of any financial instrument or as an official confirmation of any transaction. Opinions, estimates and assumptions expressed herein are made as of the date of this communication and are subject to change without notice. This communication has been prepared based upon information, including market prices, data and other information, believed to be reliable; however, Trade Nation does not warrant its completeness or accuracy. All market prices and market data contained in or attached to this communication are indicative and subject to change without notice.
by TradeNation
GBPAUD SELL / BUY TRADE PLAN🔴 PRIMARY TRADE – SELL SETUP (REVISED BASED ON LIVE REACTION) 🔻 SELL ENTRY (Revised to Catch the Best Entry) 🔹 Aggressive Entry: If price retests 2.0480 – 2.0500, enter a Sell Limit (re-entry into rejection zone). 🔹 Confirmation Entry: If price fails to break above 2.0450 & forms rejection (Engulfing, Fakeout, or Pin Bar) on M15/M30/H1, take a market execution sell. 🔹 SL: 2.0530 (Above liquidity grab & invalidation zone). 🔹 TP1: 2.0400 (Nearest support, move SL to breakeven). 🔹 TP2: 2.0320 (Liquidity target). 🔹 TP3: 2.0250 – 2.0200 (Full reversal target). ✅ Risk-Reward Ratio: 1:3+ 🎯 Confidence Level: ✅✅✅✅ (High Probability Trade – Strong Structural & Liquidity Confluence). 📌 Why this sell setup is still valid? 🔹 H4 bearish engulfing confirms institutional selling pressure. 🔹 H1 bearish divergence signals momentum weakness. 🔹 Price has already rejected 2.0500, so a lower high at 2.0480 – 2.0500 would be a great re-entry. 🔹 If price does not retest, a break & rejection below 2.0450 offers a confirmation entry. 🟢 SECONDARY TRADE – BUY SETUP (IF SELL FAILS OR DEEP RETRACE OCCURS) 🔹 BUY ENTRY (Unchanged) 🔹 Aggressive Entry: Buy Limit at 2.0250 – 2.0200 (Institutional Demand Zone). 🔹 Confirmation Entry: Wait for bullish rejection (Wick Rejection, Bullish Engulfing, or Fakeout) above 2.0250. 🔹 SL: 2.0150 (Below liquidity grab zone). 🔹 TP1: 2.0320 (First resistance, move SL to breakeven). 🔹 TP2: 2.0400 – 2.0450 (Extended move based on liquidity). 🔹 TP3: 2.0500 – 2.0550 (Full bullish target). ✅ Risk-Reward Ratio: 1:3+ 🎯 Confidence Level: ✅✅✅ (Medium-High, depends on sell reaction at 2.0500). 📌 Why consider buying here? 🔹 Price would retrace into institutional demand at 2.0250 – 2.0200. 🔹 Strong reaction zone with previous liquidity grab & fair value gap. 🔹 Aligns with Fibonacci retracement (50% – 61.8%) & previous demand area.
by jibkhan111
GBPAUD Potential Short on a Trend reversal TradeOANDA:GBPAUD made a significant bullish run and interestingly, the move was pretty fast. Looking back in history, Price has hit a major Resistance and created a new low around the 2.03801. This area has been further broken and retested which suggests a possible bearish opportunity. I would recommend to trade this with some caution as the overall bullish move is still potentially on. Results are not typical, past results does not guarantee future results, so do your due diligence. Let's talk about your trade ideas too ;-)
Short
by Mbjoey
Bullish continuation?GBP/AUD is falling towards the pivot which acts as a pullback support and could bounce to the 1st resistance. Pivot: 2.0243 1st Support: 2.0099 1st Resistance: 2.0507 Risk Warning: Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Forex and CFDs may not be suitable for all investors, so please ensure that you fully understand the risks involved and seek independent advice if necessary. Disclaimer: The above opinions given constitute general market commentary, and do not constitute the opinion or advice of IC Markets or any form of personal or investment advice. Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, are intended only to be informative, is not an advice nor a recommendation, nor research, or a record of our trading prices, or an offer of, or solicitation for a transaction in any financial instrument and thus should not be treated as such. The information provided does not involve any specific investment objectives, financial situation and needs of any specific person who may receive it. Please be aware, that past performance is not a reliable indicator of future performance and/or results. Past Performance or Forward-looking scenarios based upon the reasonable beliefs of the third-party provider are not a guarantee of future performance. Actual results may differ materially from those anticipated in forward-looking or past performance statements. IC Markets makes no representation or warranty and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast or any information supplied by any third-party.
Long
by ICmarkets
GBP/AUD - 1H Analysis & Prediction📊 GBP/AUD - 1H Analysis & Prediction 🔹 Current Price: 2.04496 🔹 Key Support Zones: 2.03800 - 2.03400 (Highlighted in green) 🔹 Key Resistance: 2.05164 & 2.05905 🚀 Bullish Scenario: ✅ Price is forming higher highs and higher lows, indicating an uptrend. ✅ A break above 2.05164 could push GBP/AUD towards the 2.05905 target. ✅ If price pulls back, it may retest the minor support before continuing upwards. ⚠️ Bearish Scenario: 🔻 If price fails to break 2.05164, a rejection could send it back towards 2.03800. 🔻 A deeper correction would test the 2.03400 demand zone. 💡 Trading Plan: ✅ Look for buy opportunities if price forms bullish confirmation above 2.04500. ✅ A breakout above 2.05164 may indicate a strong bullish continuation. ✅ If price rejects 2.05164, watch for short-term sell setups. #FXFOREVER #GBPAUD #SmartMoney #ForexTrading #LiquidityHunt #TradingSetup
Long
by FXFOREVER_87
GBP/AUD: Topping Signals Flash After Relentless RallyThe bearish pin candle on the GBP/AUD daily chart on Tuesday is a warning sign for bulls after a more than seven big-figure rally in less than a fortnight. RSI (14) is flashing extreme overbought conditions, sitting at levels that have marked major market tops in the past. Fundamentally, the move stacks up—improved Eurozone optimism from increased military spending and weaker energy prices is a tailwind for the U.K., while ongoing U.S.-China tariff skirmishes weigh on the AUD, overshadowing early signs of an Australian economic recovery. But that’s all baked in now, leaving GBP/AUD vulnerable to downside without fresh catalysts to push the narrative further. If the pair nears Tuesday’s high, it could offer an entry point for those looking to fade the move. Stops could be placed above that level, targeting an initial pullback to 2.0300—the December 2024 high. From there, traders can reassess whether to aim for 2.0150 or square the trade. Good luck! DS
Short
by FOREXcom
SHORT SETUP FOR GBPAUDBearish Reversal Setup The GBPAUD pair is showing signs of a potential bearish trend (CONFIRMED BEARISH BUTTERFLY ) reversal on the daily chart. The recent price action suggests that the pair may face downside pressure, presenting an opportunity for a short position. Trade Parameters: Entry Zone: 2.0499 – 2.0500 Take Profit 1: 2.0000 Take Profit 2: 1.9700 Stop Loss: 2.0650 Fundamental Outlook: The Australian economy remains resilient, supported by strong commodity exports, particularly in iron ore and liquefied natural gas (LNG), which continue to bolster the country’s trade balance. Additionally, Australia’s labor market has shown steady employment growth, reinforcing consumer confidence and economic stability. The Reserve Bank of Australia (RBA) has maintained a cautious but optimistic stance, signaling confidence in the economy’s ability to withstand global uncertainties. Given these factors, a potential reversal in GBPAUD could be driven by a stronger Australian dollar, as market participants may favor the AUD amid its economic resilience. If the price confirms a rejection from the 2.0500 level, further downside movement could be expected toward key support levels.
Short
by Maxpipspr0