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Australian Dollar/British Pound

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AUDGBP trade ideas

Lingrid | GBPAUD counter TREND trading OPPORTUNITYThe price perfectly fulfills my last idea and reached support level. The market is approaching the March high, a key resistance area where the price has bounced off in the past. I expect that if the resistance rejects the price again, it may lead to a pullback down to test the support level. This could manifest as a double top or bearish divergence, indicating a potential reversal. In anticipation of this short-term pullback, I'm looking for a counter-trend opportunity to enter at the resistance zone and channel border, setting up for a potential entry point. My goal is to support level at 1.93570 Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad 👩‍💻
Short
by Lingrid
5
sell opportunityThe GBPAUD pair presents an enticing sell opportunity at the current price of 1.94991, with favorable potential for profit. Targets: Primary Target: 1.93570 Secondary Target: 1.91400 Breakout Scenario: 1.92638 In the event of a breach above the resistance level of 1.95688, indicative of a bullish breakout, the target price is anticipated to ascend towards 1.9700. Technical analysis indicates a notable selling sentiment prevailing in the market at the present price level. Fundamental factors align with the proposed sell strategy, suggesting downward pressure on the GBPAUD pair. Prudent risk management measures should be employed to mitigate exposure to potential adverse market movements. Disclaimer: This analysis is provided based on current market conditions and historical price data. Traders are advised to conduct independent research and exercise caution, employing appropriate risk management techniques, before executing any trading decisions.
Short
by GODOCM
GBP/AUD stretched and nearing known reversal area GBP/AUD is rarely as overbought as it is right now. And when it has been this overbought in the recent past, it’s usually coincided with a near-term top. It’s also fast approaching 1.9500, a level that has been akin to poison for longs throughout 2024. Combined, it has me on alert for a potential topping signal, providing the catalyst to establish shorts with favourable risk-reward. It’s clear the bulls are in control right now. But should we see a topping pattern – be it a bearish pin, tombstone doji or similar – the tale of the recent tape suggests getting short could prove fruitful. But wait for the appropriate signal before doing so. Those considering taking on the trade could place a stop above 1.9570 for protection. Potential targets include 1.93493, the former downtrend just below 1.9300 or 1.9250. DS
Short
by FOREXcom
GBPAUD – 2 touches … the week of 22 July, 2024Once again, this pair is moving sideways between 1.9320 and 1.8910. Two touches on either side defines a valid range that can be traded and I will set a pending short trade near the top with target near the bottom of the range. I just want to capture about 75% of the down move if it happens. This is not a trade recommendation, it is just my analysis. You should be aware that trading carries a high level of risk, so only trade with money you can afford to lose. Please use sound money and risk management if/when you trade. If you like my idea, please give a “boost” and follow me to get even more. Please comment and share your thoughts too!!
Short
by Trading_Vista
GBPAUD Bank Bullish Robbery plan To make moneyMy Dear Robbers / Traders, This is our master plan to Heist GBPAUD Bank based on Thief Trading style Technical Analysis.. kindly please follow the plan I have mentioned in the chart focus on Long entry. Our target is Red Zone that is High risk Dangerous level, market is overbought / Consolidation / Trend Reversal at the level Bearish Robbers / Traders gain the strength. Be safe and be careful and Be rich. Note: If you've got a lot of money you can get out right away otherwise you can join with a swing trade robbers and continue the heist plan, Use Trailing SL to protect our money. Stop Loss : Recent Swing Low using 3h timeframe Warning : Fundamental Analysis comes against our robbery plan. our plan will be ruined smash the Stop Loss. Don't Enter the market at the news update. Loot and escape on the target 🎯 Swing Traders Plz Book the partial sum of money and wait for next breakout of dynamic level / Order block, Once it is cleared we can continue our heist plan to next new target. Support our Robbery plan we can easily make money & take money 💰💵 Follow, Like & Share with your friends and Lovers. Make our Robbery Team Very Strong Join Ur hands with US. Loot Everything in this market everyday make money easily with Thief Trading Style.
Long
by Thief_Trader
BULLISH CONTINUATIONPrice is in an up trend as it was shown from our previous posts, we think that we are done with wave 3 and now entering the wave 4 correction as per the Elliott Wave Guidelines. Let's expect a little pull back and there after proceed with the up movement. For another entry to join the movement, we wait and confirm as to what kind of structure is the correction, we're expecting a Simple Zig Zag as a variation. Nothing is confirmed yet, we wait for the market to unfold.
Long
by Evaristos
Could this be a potential trap for bears?? If we look at the chart we are seeing a potential trap for those who are already selling. The pattern seems like to be building momentum for a bullish continuation trend to the upside. Remember if we look at the chart the long term trend is bullish .I believe maybe we might see a continuation of the bullish bias. The only time I'm only willing to sell is when the price breaks below my marked demand zone. If my demand zone is broken that would likely see a very strong bearish trend but as it stands buyers are still in control.
Long
by Angelos_Trader
7