AUDGBP trade ideas
GBPAUD Bullish breakout supported at 2.0596Trend Overview:
The GBPAUD pair remains in a strong uptrend, with recent price action confirming a breakout above a previous consolidation zone, now acting as a key support level at 2.0596.
Key Levels:
Support: 2.0596 (key level), 2.0530, 2.0440
Resistance: 2.0755, 2.0840, 2.0895
Bullish Scenario:
A pullback to 2.0596, followed by a bullish bounce, would reinforce the support level and signal further upside momentum. A breakout above 2.0755 may extend gains towards 2.0840 and 2.0895 in the longer term.
Bearish Scenario:
A daily close below 2.0596 would weaken the bullish outlook, increasing the likelihood of a retracement towards 2.0530, with 2.0440 as the next downside target.
Conclusion:
GBPAUD remains bullish above 2.0596, with potential upside targets at 2.0755, 2.0840, and 2.0895. However, a break below 2.0596 could shift momentum to the downside, targeting 2.0530 and 2.0440. Traders should monitor price action at 2.0596 for confirmation of the next directional move.
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.
GBPAUD appraoching a strong resistance are, short?GBPAUD is approaching a daily higher high of the uptend channel and also a key weekly resistance area price got rejected in 2020. Will this time it reject again from this area ? loook for th reversal pattern. At this moment it looks to be forming a triple top pattern. let us see.
GBP/AUD: Consolidation Breakout Signals Bullish ContinuationThe GBP/AUD market remains in a range-bound structure, fluctuating between the 2.0300 support and 2.0600 resistance levels. Recently, price broke and closed above both a downward trendline and the previous two daily highs, reinforcing a bullish bias.
With strong momentum visible on the daily timeframe, the market appears to be setting up for a consolidation expansion pattern. If the price continues to hold above the trendline and support level, a retest of last week’s high is likely, with further bullish movement possible. The next target is the resistance zone around 2.06490
Low timeframe levels exerciseLow timeframe levels, this is an exercise to demonstrate the performance of low timeframe levels. There will be a high success rate in subdued market conditions, and a low success rate during periods of volatility (risk flows). As a trader it's you job to assess market conditions and execute trades that align to market conditions.
GBPAUD Buys let's set this buy limit on this pair as we are reaching for a strong in-range S&R I expect a bounce if you can also apply ICT you can see two equal lows acting as Sellside liquidity you can wait till those are taken out the wait for BOS then Buy
GBPAUDThis is a trade for weeks or months. We are back to a very strong resistance zone that was last touched 5 years back. Daily looks to be forming a double top. We should wait for H4 support to be broken which is also the neckline of the double top.
GBAAUD has a buy opportunity at short term periodGBAAUD may have a short-term buy opportunity based on several factors:
estimated entry level: 2.038
target: at around 2.042 - 2.044
Technical Indicators: Positive chart patterns (like breakouts or bullish formations), and moving averages crossing could signal upward momentum.
Fundamentals: Positive earnings reports or key economic data releases could drive short-term growth. For a currency pair, central bank policies or interest rate changes are also important.
Market Sentiment: Positive investor sentiment, upcoming news, or geopolitical events could create buying pressure.
Volume Confirmation: Higher-than-average trading volume can indicate a strong trend, confirming the buy opportunity.
Volatility: Short-term price swings or expected volatility can offer profitable entry points.
In summary, if these factors align, GBAAUD could see potential growth in the short term.
GBPAUD Will Move Lower! Short!
Please, check our technical outlook 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 2.039.
Considering the today's price action, probabilities will be high to see a movement to 2.033.
P.S
We determine oversold/overbought condition with RSI indicator.
When it drops below 30 - the market is considered to be oversold.
When it bounces above 70 - the market is considered to be overbought.
Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
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My GBPAUD Long idea 26/03/2025The AUD currency has been seeing some weakness and if we look at the inflation it is relatively weakening. The inflation rate in Australia went from 2.8 to 2.4 and the interest rate for AUD is sitting at 4.1.
The Pound has seen some love due to raising inflation narrative we are sitting at 3.0 and it is expected to drop to 2.9 with the interest rate sitting at 4.5.
AUD interest rate projection -> Q1 4.1 -> Q2 3.85 -> Q3 3.85 -> Q4 3.6
GBP interest rate projection -> Q1 4.5 -> Q2 4.25 -> Q3 4.0 -> Q4 4.0
I would love to see the price make some pullbacks to the 50% fib or go a little below to the 100 EMA for a better RR. However, if you pull out the Bollinger Bands you will realize that the 4H price has bounced off of the lower Bollinger.
And if you try drawing a FIB from the recent 4H Swing Low you will notice a bounce from the 50% level. I would try DCA or put a tight SL below 204738 maybe if price stays flat but slowly melting upwards.
GBPAUD Bearish Breakout Imminent: Points to Potential Downside4-hour chart of GBPAUD reveals a critical juncture. We've observed a recent uptrend culminating in what appears to be a rising wedge formation. This pattern, characterized by converging trendlines, often signals a potential reversal, particularly after a sustained bullish run. The upper trendline has faced repeated tests, indicating weakening upward momentum. Crucially, the 2.04938 level acts as immediate support. A decisive break below this point would validate the wedge breakdown and likely trigger a significant bearish move.
Key Levels and Targets:
Immediate Support: 2.04938
Target 1: 2.03263 (Initial downside target)
Target 2: 2.00516 (70.0% Fibonacci Retracement)
Target 3: 1.97478 (100.0% Fibonacci Retracement)
Fibonacci Analysis: The price action has breached the 50.0% retracement level, suggesting a potential continuation towards the 61.8% and lower levels. The 70.0% and 100.0% retracements are critical downside targets.
Trading Implications:
Short Entry: A confirmed break below 2.04938 is the primary trigger for a short entry.
Stop Loss: A conservative stop-loss should be placed above the recent swing high or the upper trendline of the wedge to mitigate risk.
Risk Management: Given the potential for volatility, prudent risk management is essential.
Considerations:
Confirmation: A break below 2.04938 must be accompanied by strong bearish momentum and ideally, increased volume to validate the signal.
Fundamental Factors: Keep a close eye on upcoming economic data releases from both the UK and Australia, as these can significantly impact the pair.
GBPAUD sellsOne last setup for the day, GBPAUD sell limit we are looking for a S&R to form at tht marked level and look to head down as the trend is giving shorts vibes
SHORT ON GBP/AUDGBP/AUD has the same setup as EUR/AUD from my post yesterday.
I am selling GBP/AUD for the same exact reasons.
Looking to catch 600 pips long term but over 200 pips easily this week!
GBPAUD sell up with great potentialGood day traders, today we just confirming the weekly bias on GBPAUD(sell)
On the 4 hour TF we saw yesterday the market opened with a jump lower creating a volume imbalance which later we saw price revisiting those levels and for the most part of the day, price was trading around the VI and closed the day below the VI.
For today we expecting price to close the day lower meaning todays bias is bearish, we want to see it atleast before the end of this week for price to have taken last week Thursday's low.
High probability trade!price has a clear resistant zone at the top and a stable support just need to perfect the entry nut the trade is guaranteed.
GBPAUD INTRADAY key trading level at 2.0520The GBPAUD currency pair is showing bullish sentiment, bolstered by the prevailing uptrend. The recent intraday price action suggests a corrective sideways consolidation, indicating a potential pause before resuming the upward movement.
Key Trading Levels:
Support Level: The critical support to monitor is 2.0520, which marks the previous consolidation price range.
Upside Targets: A corrective pullback from current levels, followed by a bullish rebound from the 2.0520 level, could set the stage for a move toward the next resistance levels at 2.0650, followed by 2.0720 and 2.0850 over a longer timeframe.
Alternative Bearish Scenario:
A confirmed break below the 2.0520 support level, with a daily close beneath this point, would invalidate the bullish outlook. In this case, the pair may experience deeper retracement, targeting the support levels at 2.0396, 2.0345, and 2.0286.
Conclusion:
While the current sentiment remains bullish, traders should keep a close watch on the 2.0520 support level. A successful bounce could reinforce the uptrend, while a breakdown and close below this level would indicate a shift to a bearish outlook, warranting caution and potential repositioning.
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.
Sell gbpaudStill in our selling area
Still valif for sell trades
Follow the upet trend weekly and monthly overbought pair
Next month big drop expected
GBPAUDon a technical perspective, if price closes above the resistance level, it can possibly shoot up to the next resistance level. This is more of a swing trade and we will wait for confirmations before we take sells or buys. overall GA is bullish. will need to wait for fundamentals to align with our technicals
GBPAUD Formed Bump and Run pattern ? bearish soon ?GBPAUD formed a bump and run pattern at the resistance, from where price is getting rejected several time soon will be cooling down, if not may rise too high as 5.087 and then may reject form this area which is weekly resistance area. You can enter now or wait to reach 5.087 and then enter.
GBPAUD Up Channel 0349SGT 23032025Price is at the upper bound of the up channel now.
Even though if we were to short here, it would be contrarian since price is in an up trend, but as we zoom down to the 4H time frame, we can see that on previous price rejections on the upper bound of the up channel, price made M shape or triple tops, and then the price collapsed back down.
This time round, price has also made similar rejection patterns and now the price is at a good location for shorting opportunities.
I might not be entering on this pair because I want to give myself some space and time to breath, since I broke even on my second set of trading data (4th trade).
Shall see. I need to give myself time, really.
Good to skip trades that are profitable in hindsight, because we never get hindsight on foresight trading.
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I think I might be good at spotting patterns, but I must be careful not to think that I am very good at it, because if I think I could do better and I try to do alot more to prove it, I will go down the slippery slope of losing trades again, even when I am obviously going to be a profitable trader in the long run.(and I will lose in the long run because I alter my trading rules and conditions, and I enter on the dragons tail instead, and get whipped by the dragon that flick its tail.)
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GBPAUD BULLISH IDEAThis is my thoughts on GA for the BUY using the MACD this is a continuation trade let me know your thoughts
