GBPAUD FLEXES MUSCLES...Here we can simply see that bulls have taken over. We are currently riding the market higher... So far we have already made huge gains on this pair. But we will wait for take profit 2 and 3 to be taken out. Take profit 1 gave us 168 pips. So far so good.by colefx1
Bearish Momentum on GBPAUDDue to Strong AUD Employment change together with the Rejection we see on the Third touch of a Resistance Trendline on our Daily Time Frame, we might see a drop on these pair. The Claimant Count Change Actual Results on GBP also affected GBP against AUD. We can drop to 50% of the range or to the nearest Demand zone.Shortby kgampetebogo223
GBPAUD Simple Trade Plans For This WeekGBPAUDs rally post UK elections / Hawkish RBA has brought us a considerable retracement to create another lower high. BOE looks like easing may come relatively soon, much sooner than Aus. Likely short side entries may come into markets as traders pull gains off the table amid current market sentiment (long term). Shorts preferred.Shortby WillSebastianUpdated 4
Potential bearish drop?GBP/AUD has reacted off the pivot and could drop to the pullback support. Pivot: 1.93431 1st Support: 1.92473 1st Resistance: 1.93909 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.Shortby ICmarkets8
Waiting for a third touch and bearish confirmation(short)Price is trending in a downtrend channel, correcting from a previous bearish impulse but recently price retraced and extended above last week high, but this week looks really volatile with high impact news for the AUD ,price could extend upwards but if a bearish confirmation aligns with a suitable confirmation candle and structure near price (1.92548) and possible retest opportunity after a double or triple top confirmation on the lower timeframes, stop loss to be set 380 pips away (1.92927), price could respect the channel and carry on with a downtrend.by KhoraCapitalUpdated 1
Long GBP/AUD: A Strong Case1. Diverging Monetary Policies: Bank of England (BoE) stance: If the BoE maintains a hawkish monetary policy, signaling potential interest rate hikes to combat inflation, it could strengthen the GBP. Reserve Bank of Australia (RBA) stance: Conversely, if the RBA adopts a more dovish approach, signaling potential interest rate cuts or a pause in tightening, it could weaken the AUD. Interest rate differentials: A widening interest rate differential between the UK and Australia can typically favor the GBP. 2. Economic Performance: UK economic resilience: If the UK economy demonstrates resilience in the face of challenges like inflation and geopolitical uncertainties, it could boost investor confidence in the GBP. Australian economic slowdown: If Australia's economy shows signs of weakening, such as declining GDP growth or deteriorating employment figures, it could negatively impact the AUD. 3. Geopolitical Factors: Global risk appetite: A decline in global risk aversion can benefit the GBP, as it's often perceived as a risk-on currency. Brexit developments: Positive developments in UK-EU relations or progress in trade deals could bolster the GBP. Geopolitical tensions: Escalating geopolitical tensions involving major trading partners of Australia could negatively impact the AUD. 4. Commodity Prices: Commodity price fluctuations: Australia's economy is heavily reliant on commodity exports. A decline in commodity prices, particularly iron ore and coal, could weaken the AUD.Longby FtradeFXArabicUpdated 3
GBPAUD - In bullish trend and playing hidden divergenceGBPAUD is in bullish trend. Analysed the chart on 1H time frame on the basis of bullish hidden divergence. Once spotted, placed a vertical marker on that candle and switched time frame to 15m and spotted the suitable opportunity for entry. The RR is 1% with TP set to 1:3. The Signal is: EP: 1.93445 SL: 1.93154 TP: 1.94322 (1:3) RR: 1% Lots: 0.45Longby MuhammadArif0391
GBPAUD- possible sell on the wayGBPAUD made a 3-3 structure after completing the x wave, So, what I see for now is a possible short, BUT no confirmation as yet!!! The sell may be aggressive just as the up move. Waiting for it to test the monthly level and watch how price reacts around those zones. IF PRICE FALLS SLOWLY AND CHOPPY OR CONSOLIDATES AROUND THAT REGION, then price might continue to go long. for now, I see shorts. No confirmation as yetShortby TradingdeckUpdated 3
sell opportunityThe GBPAUD pair presents an enticing sell opportunity at the current price of 1.93400, with favorable potential for profit. Targets: Primary Target: 1.92635 Secondary Target: 1.91400 Breakout Scenario: 1.93978 In the event of a breach above the resistance level of 1.93978, indicative of a bullish breakout, the target price is anticipated to ascend towards 1.9500. 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.Shortby GODOCM3
Potential short - GA Pull backI think that we MAY have a steep pullback based on the EW theory - it seems to have completed wave 1 and we have a wave 2 pullback in the 4hr TF and Daily - we could benefit buy selling the pullback - I will do further analysis - but I believe we will have many sell opportunities today.Shortby Emirah1
GBPAUD shorts - 17th July 2024Here is why; - Price has broken major weekly and daily regions without retracing. - Today price is at a major daily level at 1.9275 - Price has tested that region then it seems to have broken below a major 4H level at 1.9255. - The next major liquidity area is at 1.9220Shortby kingmwenja0
GBPAUD trade ideaGBPAUD moving on a bullish trend, broke above structure and retested. looking for a continuation to the upsideLongby SaacTrades112
waiting for a possible retest lower highPatiently waiting for a retest near the recent lower high, and completion of the Bat pattern. Will be waiting patiently around 1.93010 above or below for a bearish signal to confirm a sell.by KhoraCapitalUpdated 0
ICT Long setup GBPAUD👋Hello Traders, Our 🖥️ AI system detected that there is an H1 or higher timeframe ICT Long setup in GBPAUD for session trade (a couple of hours) Please refer to the details Stop loss, FVG(Buy Zone),open for take profit. For more ideas, you are welcome to visit our profile in tradingview. Have a good day! Please give this post a like if you like this kind of simple idea, your feedback will bring our signal to next better level, thanks for support!Longby ICT_Trader_SB111
GBPAUD Simple Trading PlansOutflows in FX Markets have led to a further fall on GBPAUD. 1) Currently sitting at key price action (long previous reaction) levels for entry. 2) Sentiment bias does not fit, so target is early. Light size.Longby WillSebastianUpdated 3
GA - Heading tp target 2I am continuing on from yesterday's successful analysis and I am heading to my 4hr TP. We can expect somewhat of a deep pull back around that area which we can sell before it continues.Longby Emirah2
SUGAR/USD Short, GBP/NZD Short, USD/CAD Neutral & GBP/AUD ShortSUGAR/USD Short Minimum entry requirements: • If 3 touch 1H continuation or 2 touch 1H continuation with 3 touch structural approach, 15 min risk entry within it. GBP/NZD Short Minimum entry requirements: • 1H impulse down below area of interest. • If 3 touch 5 min continuation or 2 touch 5 min continuation with 3 touch structural approach, reduced risk entry on the break of it. • If 3 touch 15 min continuation or 2 touch 15 min continuation with 3 touch structural approach, 5 min risk entry within it, or reduced risk entry on the break of it. USD/CAD Neutral Minimum entry requirements: • Tap into area of value. • 1H impulse down below area of interest. • If 3 touch 5 min continuation or 2 touch 5 min continuation with 3 touch structural approach, reduced risk entry on the break of it. • If 3 touch 15 min continuation or 2 touch 15 min continuation with 3 touch structural approach, 5 min risk entry within it, or reduced risk entry on the break of it. • 1H impulse up above area of value. • If 3 touch 1H continuation or 2 touch 1H continuation with 3 touch structural approach, 15 min risk entry within it, or reduced risk entry on the break of it. GBP/AUD Short Minimum entry requirements: • 1H impulse down below area of value. • If 3 touch 15 min continuation or 2 touch 15 min continuation with 3 touch structural approach, 5 min risk entry within it. 19:58by StewySongsUpdated 2
GBPAUD Bearish Bias!GBP-AUD has almost reached The supply cluster of the Falling and horizontal levels So a move down is to be Expected towards the Target of 1.89475 !Shortby kacim_elloitt10
GBPAUD - Buy Limit GBPAUD is printing a series of HH's and HL's Entry Point at 0.50 fib retracement level No Bearish Divergence.Longby HammadFXPro115