I anticipate a lower timeframe (LTF) CHOCH followed by a break On the daily (1D) chart for GBPAUD, we observed a double top formation around September 6 and 11, with a significant order block at approximately 1.97021. Additionally, there’s a clear change of character (CHOCH) around 0.92746, signaling a potential bearish trend. The price has also reached the 61.8% Fibonacci retracement level, reinforcing the double top pattern on the 1D timeframe. The presence of a large wick and multiple smaller wicks near this level indicates strong rejection of higher prices, suggesting resistance to further upward movement. We anticipate a lower timeframe (LTF) CHOCH followed by a break of structure (BOS) before entering a bearish position.
AUDGBP trade ideas
GBPAUD - A Clear cut Flag PatternGBPAUD has formed a clear cut flag pattern. We have divergence in place on Awesome Oscillator and histogram bars are in positive territory. We can expect retracement upto significant resistance cum support zone marked in rectangular shape from where price has shown tendency to bounce off in one direction or the other in past as highlighted in small circles. Scenario seems bullish.
How many times have you visited us? - GBP/AUDAs you can see, we are testing a fairly famous reversal zone.
What would you do in a scenario like this?
It is interesting when the market is very symmetrical; my advice is to follow it in a shorter time frame (to catch some good entries)!!
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GBPAUD Sellers In Panic! BUY!
My dear friends,
Please, find my technical outlook for GBPAUD below:
The instrument tests an important psychological level 1.9419
Bias - Bullish
Technical Indicators: Supper Trend gives a precise Bullish signal, while Pivot Point HL predicts price changes and potential reversals in the market.
Target - 1.9485
Recommended Stop Loss - 1.9373
About Used Indicators:
Super-trend indicator is more useful in trending markets where there are clear uptrends and downtrends in price.
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WISH YOU ALL LUCK
GBPAUD SHORT **GBP/AUD SMC Summary:**
- **Change of Character (CHoCH):** Indicates a potential reversal after a pullback into the supply zone.
- **External Order Block (EXT OB):** Price is approaching this key area, which could act as a point of resistance and trigger a sell-off.
- **Break of Structure (BOS):** Confirmed bearish structure below indicates downward momentum.
- Watch for bearish confirmation within the **Order Block (OB)** zone for potential short entries, targeting lower levels around 1.9259.
GBPAUD Moving to 1.91958-Great Trade, Great ROHi Trading Family,
Here’s an exciting opportunity: GBPAUD is showing bearish momentum, and the target is set at 1.91958. This could be a great ROI trade for those positioned right. Keep your stop above the recent high to minimize risk and let the trade ride.
Hope this helps!
Mindbloome Trading
Trade What You See
GBPAUD - 4hrs ( Sell Trade Target Range 180 PIP ) 🟢 Pair Name : GBP/AUD
Time Frame : 4hrs Chart / Close
Scale Type : Large Scale
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🟢 Key Technical / Direction ( Short ) Break Out Done
Type : Mid Term Swing
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Bearish Break
1.93900 area
Reasons
- Major Turn level / D
- Visible Range HVN
- Channel break
- Choch Zone
- Day low Break
Bullish Reversal
1.92000 Area
Reasons
- Major Turn level / W
- Visible Range Lvn
- Pattern Target
- Fibo Cluseter
- Choch Zone
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