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GBPAUD Wave Analysis 29 January 2025 - GBPAUD rising inside impulse wave 3 - Likely to rise to resistance level 2.0100 GBPAUD currency pair continues to rise inside the minor impulse wave 3, which started earlier from the key support level 1.9600 – which reversed the price for 5 consecutive days. The support level 1.9600 was strengthened by the lower daily Bollinger Band and by the 61.8% Fibonacci correction of the upward impulse from November. Given the strong daily uptrend, GBPAUD can be expected to rise further to the next resistance level 2.0100 (which stopped the previous minor correction ii at the start of this month).
Long
by FxProGlobal
Bullish momentum to extend?GBP/AUD has reacted off the resistance level which is an overlap resistance and could potentially rise from this level to our take profit. Entry: 1.8826 Why we like it: There is an overlap resistance level. Stop loss: 1.9823 Why we like it: There is a pullback support level. Take profit: 2.0085 Why we like it: There is a pullback resistance level that lines up with the 71% Fibonacci retracement. Enjoying your TradingView experience? Review us! Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Everest Fortune Group’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Everest Fortune Group.
Long
by VantageMarkets
GBPAUD Will Go Lower! Sell! Here is our detailed technical review for GBPAUD. Time Frame: 5h Current Trend: Bearish Sentiment: Overbought (based on 7-period RSI) Forecast: Bearish The market is approaching a key horizontal level 1.994. Considering the today's price action, probabilities will be high to see a movement to 1.983. P.S Please, note that an oversold/overbought condition can last for a long time, and therefore being oversold/overbought doesn't mean a price rally will come soon, or at all. Like and subscribe and comment my ideas if you enjoy them!
Short
by SignalProvider
1
GBPAUD (30m): TECHNICAL ANALYSISSUMMARY GBPAUD is currently in a moderate downtrend , with sellers defending key resistance levels. A break below 1.9874 could trigger further downside towards TP zones. However, bullish buy limits at 1.9648 and 1.9613 suggest potential demand at lower levels. Trade cautiously, manage risk, and follow the trend confirmation signals. TREND & MARKET STRUCTURE GBPAUD is showing signs of a moderate downtrend with a 38.1% confidence level . Price action is consolidating near resistance levels, with multiple pivot highs forming. Current structure suggests a potential reversal or deeper pullback before resumption of trend. KEY LEVELS Sell Limit @ 1.99065 – Placed near recent resistance. Sell Stop @ 1.98740 – Positioned for momentum breakdown. TP1 @ 1.98121 TP2 @ 1.97600 (Mid Pivot) TP3 @ 1.97217 TP4 @ 1.96642 Buy Limits: Placed at 1.96482 and 1.96137 near strong support. Buy Stoploss @ 1.95974 – Protecting against further downside. INDICATOR CONFIRMATIONS Price remains above the 50 EMA but shows resistance at local pivot highs. DT (Downtrend) signals have appeared, indicating possible weakness. Short-term price action suggests exhaustion near resistance, increasing probability of a sell-off. TRADE PLAN Bearish Bias: Short positions are preferred unless price breaks above 1.99226. Entry Confirmation: Look for rejection signals near Sell Limit or a breakdown past the Sell Stop. Risk Management: Adjust stop-loss accordingly, targeting the layered TP levels.
Short
by ProfessorCEWard
Bearish reversal?GBP/AUD is reacting off the resistance level which is a pullback resistance that aligns with the 71% and the 50% Fibonacci retracement and could drop from this level to our take profit. Entry: 1.9929 Why we like it: There is a pullback resistance level that aligns with the 71% and the 50% Fibonacci retracement. Stop loss: 2.0065 Why we like it: There is an overlap resistance level. Take profit: 1.9742 Why we like it: There is a pullback support that is slightly below the 50% Fibonacci retracement. Enjoying your TradingView experience? Review us! Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Everest Fortune Group’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Everest Fortune Group.
Short
by VantageMarkets
GBPAUD SELL & BUY TRADE PLANS📌 Trade Plan #1 (Intraday Short Trade) Trade Type: Intraday Short Position 📉 Sell Limit at: 1.9920 - 1.9950 (Order Block + Liquidity Grab) 🛑 Stop Loss: 2.0010 (Above Structure + 60 pips) 🎯 Take Profit 1: 1.9800 (Liquidity Grab Zone) 🎯 Take Profit 2: 1.9750 (Major Demand Zone) Risk-Reward (R:R): 1:4.5 (High Probability Trade) 🔥 Reasoning: Liquidity above 1.9920 can induce Smart Money entries. Order Flow still bearish on LTF, targeting liquidity at 1.9800. Confluence: OB + FVG + Liquidity Pool + Bearish CHoCH 📌 Trade Plan #2 (Swing Trade Long Position) Trade Type: Swing Buy Position 📈 Buy Limit at: 1.9750 - 1.9780 (Demand Zone + FVG) 🛑 Stop Loss: 1.9700 (Below Liquidity Grab) 🎯 Take Profit 1: 1.9900 (OB Retest) 🎯 Take Profit 2: 2.0000 (High R:R Target) Risk-Reward (R:R): 1:5 (High Reward) 🔥 Reasoning: Liquidity below 1.9750 hasn't been grabbed yet. Major Demand Zone (Daily + 4H confluence). Smart Money reversal expected after liquidity sweep. Final Decision - What Would I Do? As a professional institutional trader: 1️⃣ Wait for price to sweep above 1.9920 before shorting. 2️⃣ Enter Short at 1.9920 - 1.9950, target 1.9750. 3️⃣ If price reaches 1.9750, monitor for bullish signs before entering a long. Key Risk Management Rule: If price fails to reject at 1.9920, avoid shorts. If price doesn't show reversal at 1.9750, no long entry. Institutional Execution: Use limit orders to avoid slippage. Watch price reaction at key levels for confirmation. This is an institutional-grade analysis ensuring precision and strict risk management. 🚀💰
by jibkhan111
GBPAUD Bullish Trend IS OVER ?!Why GBPAUD Faces a Correction After a Massive Uptrend and What Lies Ahead The financial markets are rarely a straight line. After a stunning rally of more than 3000 pips, the GBPAUD (British Pound to Australian Dollar) currency pair has entered a corrective phase, marked by a significant downturn and the breaking of a long-term uptrend line. For traders and investors alike, this shift invites analysis of the key factors driving the correction and the potential for further downside movement. Let’s dive into the reasons behind the decline and what it signals for the future. 1. Exhaustion of the Uptrend One of the most common reasons for a correction following a sharp uptrend is market exhaustion. Over a prolonged rally, the pair appreciated significantly, fueled by a mix of favorable economic data, central bank policies, and investor sentiment. However, as prices reach extended levels, buyers may hesitate to continue pushing the price higher, leading to reduced demand. The psychological level of "overbought" conditions often comes into play. Many traders rely on technical indicators such as the Relative Strength Index (RSI) or Bollinger Bands to assess whether an asset is overbought, and GBPAUD likely hit these conditions during its massive 3000-pip surge. This naturally invites profit-taking, further pressuring the pair downward. 2. Breaking the Uptrend Line: A Key Technical Signal One of the most significant developments in the current market is the breaking of the uptrend line that supported GBPAUD's bullish momentum. Trendlines are crucial tools for identifying market sentiment, as they serve as psychological levels where traders expect price reversals. The break of this uptrend line not only signals the loss of bullish control but also shifts market sentiment decisively toward the bears. When a major support level or trendline is breached, it often triggers stop-loss orders, increasing selling pressure. Additionally, breakout traders—those who enter positions in the direction of the break—may amplify the downward momentum. 3. Fundamental Drivers Favoring the Australian Dollar Another factor contributing to GBPAUD's correction is the fundamental shift in economic conditions that have bolstered the Australian Dollar (AUD). Several key factors support the Aussie: China's Economic Recovery: Australia’s economy is heavily tied to China's demand for commodities. Recent signs of recovery in China or increased stimulus measures could boost demand for Australian exports, strengthening the AUD. Reserve Bank of Australia (RBA) Policy: If the RBA adopts a hawkish tone or maintains a steady interest rate policy, it could provide further support for the AUD, making it more attractive compared to the British Pound. 4. Technical Corrections Are Natural Corrections are a natural part of market movements, even in a strong uptrend. After an extended rally, the market often retraces to establish new support levels or consolidate before deciding on the next direction. This is part of the ebb and flow of financial markets, driven by human psychology and technical patterns. The current correction in GBPAUD appears to be a technical adjustment, with the pair retracing some of its gains to test key support levels. Traders often watch Fibonacci retracement levels to identify potential areas of reversal, with 38.2%, 50%, and 61.8% levels being particularly significant. 5. What’s Next for GBPAUD? The break of the uptrend line opens the door for further downside movement. Here are key factors to watch: Support Levels: If the pair continues to fall, traders will look for strong support zones to halt the decline. Key levels may include previous resistance-turned-support zones or psychological round numbers. Momentum Indicators: Indicators like MACD, RSI, and Stochastic Oscillator can provide clues about whether the downward momentum is likely to continue or if the pair is entering oversold territory. Fundamental Catalysts: Upcoming economic data releases, central bank decisions, or geopolitical events could shift the balance in either direction. While the correction is underway, it’s crucial to recognize that the broader trend for GBPAUD could still remain bullish in the long term, depending on how economic conditions evolve. However, for now, the break of the uptrend line suggests that bears have gained control, and the potential for a more significant downtrend looms. Weakened GBP Sentiment: On the other side, the British Pound may be weighed down by concerns about the UK economy, such as sluggish growth, inflationary pressures, or Brexit-related uncertainty. A dovish stance from the Bank of England (BoE) could further tilt the balance against the Pound. Conclusion The correction in GBPAUD is a textbook case of market dynamics at play. After an extraordinary rally of over 3000 pips, the pair's breach of the long-term uptrend line signals a shift in sentiment and suggests that further downside may follow. Traders and investors must now assess both technical and fundamental factors to navigate this changing environment. Whether this correction is a temporary pause in a larger bull market or the start of a prolonged downtrend remains to be seen. For now, cautious optimism for the AUD and weakened sentiment for the GBP are tilting the balance in favor of a continued correction. Staying informed and adaptable will be key to capitalizing on the next move in GBPAUD.
Short
by alexgrama
1
GBPAUD POSSIBLE BUY?The market is currently testing the current Weekly 0.6 Fib area. Based on Daily and 4HR TF, the market seems to be forming a possible reversal pattern which could lead to a possible reversal. We could see BUYERS coming in strong should the current level hold. Disclaimer: Please be advised that the information presented on TradingView is solely intended for educational and informational purposes only.The analysis provided is based on my own view of the market. Please be reminded that you are solely responsible for the trading decisions on your account. High-Risk Warning Trading in foreign exchange on margin entails high risk and is not suitable for all investors. Past performance does not guarantee future results. In this case, the high degree of leverage can act both against you and in your favor.
Long
by WiLLProsperForex
GBPAUD, What will happen in near future ?Hello Traders, Hope you're doing Great. For upcoming weeks, we'll probably see a downward momentum in this pair. From the viewpoint of Technical, the price has broken its last HL in Daily time frame and changed the trend. from the viewpoint of Fundamental, both Currencies are vulnerable about Risk off sentiment; but GBP is more Vulnerable than AUD because of bad data that came from Britain recently. so with all of these reasons, Short Position is more reasonable and a downward momentum to the Demand zones is anticipated. And finally tell me what do you think ? UP or DOWN ? leave your comment below this post. If this post was helpful to you, please like it and share it with your friend. THANKS.
Short
by aminrzb
GBPAUD BUY Trade Plan with alternative (High Probability Setup)Trade Plan (High Probability Setup) 🟢 BUY SCENARIO (Breakout Above 1.9725 - Trend Continuation) ✔ Entry: Above 1.9725 after a retest ✔ Stop Loss: Below 1.9680 (Safe zone under previous structure) ✔ Take Profit Targets: TP1: 1.9750 (First resistance) TP2: 1.9800 (Round number & liquidity zone) TP3: 1.9850 (Higher timeframe resistance) 🎯 Risk-Reward Ratio (R:R): 1:3 to 1:5 (High probability setup) 🎯 Confidence Level: ⭐⭐⭐⭐ (4/5) – Strong confluences but requires breakout confirmation. 📌 Execution Strategy: Wait for an H1 close above 1.9725, then enter on the retest. Avoid entering if price wicks above but fails to hold structure. ALTERNATIVE: 🔴 SELL SCENARIO (Rejection from 1.9720 - Range Reversal) ✔ Entry: Below 1.9700 after a strong bearish rejection candle ✔ Stop Loss: Above 1.9740 (Above liquidity grab) ✔ Take Profit Targets: TP1: 1.9650 (Mid-range support) TP2: 1.9600 (Key demand zone) TP3: 1.9550 (Major swing low) 🎯 Risk-Reward Ratio (R:R): 1:3 to 1:5 (Strong reversal trade) 🎯 Confidence Level: ⭐⭐⭐⭐ (4/5) – Requires strong rejection at resistance. 📌 Execution Strategy: Look for bearish engulfing or strong wick rejection on H1/H4. Sell only if price struggles to break 1.9720 multiple times. Final Thoughts (Institutional Approach) 📌 What I would do as an Institutional Trader: ✔ Priority: Buy above 1.9725 if it confirms a breakout. ✔ Alternative: Sell below 1.9700 if rejection is strong. ✔ NO TRADES if price remains choppy between 1.9700 - 1.9720. 🎯 HFT Trading System Integration: 🚀 This setup aligns with SMC, ICT, and Liquidity Engineering principles. 🚀 Our system will filter out low-quality setups and only trigger when all confluences align. 🔥 Conclusion: ➡ Primary bias: Bullish breakout above 1.9725 (Continuation play). ➡ Secondary bias: Bearish rejection below 1.9700 (Reversal trade). ➡ Waiting for confirmation – NO premature entries. 🚀 Trade smart & execute with precision! 🎯🔥
Long
by jibkhan111
GBPAUD Retesting Resistance with a Potential for Price ReversalGBPAUD is currently trading at 1.981, with a target price set at 2.000, indicating a potential gain of over 200 pips. The market analysis is based on the support and resistance pattern, which suggests key price levels where the pair may react. Currently, the pair is in a retesting phase, meaning it is testing the resistance level after a previous breakout or price movement. This retesting phase helps confirm whether the resistance holds or breaks. If the resistance holds, it signals a potential reversal, leading to a price drop. Traders are advised to closely monitor this retesting period for confirmation before taking positions. A rejection at the resistance level could trigger a bearish move. Patience during this period is critical to avoid premature entries. This setup reflects a potential opportunity for experienced traders following technical analysis strategies.
Long
by AndrewsMarket-Mastery