GBPAUD Potential Down trend continuationGBPAUD is in a bearish trend, making lower lows, and is pulling back toward the resistance zone and channel border. Recently, the price experienced a false breakout above the previous day's high. A retest of the 1.9500 psychological level may lead to another false breakout at the channel border before continuing downward. The target is the support zone around 1.9240
AUDGBP trade ideas
GBPAUDHere is our view on GBPAUD . Potential short opportunity.
GBPAUD has been in a downtrend for the past month. After GBPAUD broke below the KDZ (Key Demand Zone ) we have made a retest of it. With this in mind, we can speculate that GBPAUD will continue with the trend after making its retest to the KDZ (Key Demand Zone). Our entry is sitting roughly at around 1.94250 . Our SL (Stop Loss) is sitting at 1.95322 as the pair still might try to create a “double top” at the 1.95105 KL (Key Level) . Our TP (Take Profit) is sitting at the bottom of the range roughly at around 1.91261 .
Keep in mind this trade will take some time to be completed.
PARAMETERS
- Entry: 1.94250
- SL: 1.95322
- TP: 1.91261
KEY NOTES
- GBPAUD is in a downtrend for the past month.
- Broke below the KDZ (Key Demand Zone) and is now retesting it.
- Breaks above our SL (Stop Loss) would result in higher prices and possible reverses.
Happy trading!
FxPocket
Lingrid | GBPAUD short from Psychological Level The price perfectly fulfilled my previous idea. It hit the target zone. FX:GBPAUD is currently pulling back towards the resistance zone and the channel border. Before the market moved downward, it created a swap zone where the price changed direction. Overall, the market has been making lower lows, indicating a bearish trend. Recently, the price action made a false breakout above the previous day's high. I believe the market may create another false breakout at the channel border, following a retest of the psychological level at 1.95000. My goal is support zone around 1.92400
Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad 👩💻
Overlap resistance ahead?GBP/AUD is rising towards the pivot and could reverse to the 50% Fibonacci support.
Pivot: 1.9487
1st Support: 1.9338
1st Resistance: 1.9577
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GBPAUD long moveGBPAUD chart on the 15 minutes timeframe shows the price trading towards a demand zone, indicating bearish pressure after the earlier upside movement. The pair is approaching a key horizontal support level, a significant area that has previously acted as both support and resistance. This level also aligns with the 88.0 Fibonacci Retracement, adding further confluence for potential price reactions.
If the price breaks below this demand zone, it could signal a bearish continuation, as sellers may gain control. However, if the demand zone holds, there is potential for a bullish reversal, leading to a rebound toward the next supply zone.
Just shorting, you don't have to follow it. Shorting GBPAUD – 196 Pips Target
I'm currently shorting GBPAUD, targeting a 196-pip move to the downside. The market is showing strong signs of bearish momentum, and with technical indicators aligning, this trade looks poised for a solid move lower. Stay tuned as we aim for this profitable drop!
Solid Shoutout to G-RON for the TrendCloud Indicator!
Peace Out!
GBPAUD Will Fall! Short!
Here is our detailed technical review for GBPAUD.
Time Frame: 1h
Current Trend: Bearish
Sentiment: Overbought (based on 7-period RSI)
Forecast: Bearish
The market is approaching a key horizontal level 1.934.
Considering the today's price action, probabilities will be high to see a movement to 1.928.
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.
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GBPAUD-SELL strategy 3hourlyThe pair has moved higher yesterday and early this morning as expected, but now the movement has changed. We should likely see lower levels, failing to break above the GANN and coming sessions to see lower lows.
Strategy SELL @ 1.9320-1.9350 and take profit @ 1.9175 for now.
Fridays CLS range high taken, rejection in the OB...Continuation sell trader from the OB
you are welcome to comment with your thoughts and share your charts or questions below, I like any constructive discussion.
What is CLS?
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“Adapt what is useful, reject what is useless, and add what is specifically your own.”
Dave FX Hunter ⚔
Buy OpportunitySignal:
Trade Type: Long (Buy)
Entry:
Enter near the current level, around 1.93150, or wait for a slight pullback near 1.92642 for better risk/reward.
Take Profit (TP):
TP1: 1.93996 (key resistance level).
TP2: 1.96350 (next major resistance level based on the fib and volume zones).
Stop Loss (SL):
SL below 1.92139 (support zone).
Risk/Reward Analysis:
The chart suggests a potential Risk/Reward ratio greater than 2:1, with significant upside potential if the pair moves to retest the higher resistance levels.
Ensure you confirm this signal with macroeconomic events, news, and any related currency drivers before placing a trade!
GBP/AUD Retracement Setup: Buy OpportunityAfter completing the bearish flag projection, GBP/AUD appears to be heading towards a retracement. The 4-hour support level, combined with bullish divergence, suggests a potential upward movement in price. Consider buying at the current market price and aiming for the trendline resistance. Place the stop loss below the support area.
GBP/AUD BUYERS WILL DOMINATE THE MARKET|LONG
Hello, Friends!
We are now examining the GBP/AUD pair and we can see that the pair is going down locally while also being in a downtrend on the 1W TF. But there is also a powerful signal from the BB lower band being nearby indicating that the pair is oversold so we can go long from the support line below and a target at 1.948 level.
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GBPAUD buy signal. Don't forget about stop-loss.
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P.S. I personally will open entry if the price will show it according to my strategy.
Always make your analysis before a trade