GBPAUD 12/06/2024Weekly:
-Inverse H&S pattern.
-Bullish M pattern.
-IC.
Daily:
-M formation.
-Inverse H&S pattern.
-Bullish M pattern.
-IC acting as magnet for price.
4H:
-Price reacting on the OB.
GBPAUD.P trade ideas
GBPAUDBUY on the theory markets ranges 70% of the time, and BUY on the theory markets retraces HALF of the previous leg 90% of the time. Entry on 15m TF is recommended.
GBPAUD potentially Bullish continuationFX:GBPAUD broke out of the consolidation phase and doing a retest at the moment, are we going to see a bullish continuation?
I will wait to see if the retest is concluded and a bullish confirmation candle before going in for a long. #GBPAUD just might deliver on a 1:2 RRR.
GBP/AUD Technical Analysis - 2H Chart Bearish Breakout PotentialHey traders, here’s the scoop on GBP/AUD:
The price is currently trading around $1.927190, just below the 21 EMA (yellow line at $1.927662), indicating potential bearish momentum.
The price is hovering near an upward trendline, which could act as support.
Key Levels:
Support: $1.924518, $1.916509
Resistance: $1.933674
Entry Strategy:
Short Position: Look for a pullback to the 21 EMA ($1.927662) and ensure a strong bearish candle closes below this level. That’s your potential entry point confirming bearish momentum.
🎯 Profit Targets:
Target 1: $1.924518
Target 2: $1.916509
Stop-Loss: Set your stop-loss just above $1.927662 to maintain a solid risk/reward ratio. This will protect you in case the market decides to turn bullish.
Monitor price action closely. Trade smart!
GBPAUD Sell/ShortLooking at a new rejection that seems to have been struggling to break past 1.93100 I can confirm to say this seems like a bearish downtrend that is occurring. I will take my entry now at 1.93072 with all inputs for TP and SL below. Please use proper risk management as always.
GBPAUD Sell/Short
ENTRY: 1.93072
TAKE PROFIT:
TP 1: 1.89317
TP 2: 1.86379
SL: 1.94623
Please use proper risk management upon entering this trade.
GBPAUD Long trade idea4H chart:
Bears seam to be weak.
Corrective approach towards entry zone.
= Buy limit set.
1% risk.
GBPAUDGBPAUD buy trade
FUNDAMENTAL :GBP long 63 short 37
AUD long 33 short 67
SENTIMENTAL LONG TO SHORT 77 LONG 23 SHORT
TECHNICAL is bullish making new HH and HL retraced to 0.5 of recent leg and printing bullish candle taken support from 1.9248 area after tapping FVG
combing above all looks to enter premium zone 1.9414 area
BUY current price
stop loss 1.9232
TP 1.9419
good luck trade at your risk
OANDA:GBPAUD
gbpaud buy signal. Don't forget about stop-loss.
Write in the comments all your questions and instruments analysis of which you want to see.
Friends, push the like button, write a comment, and share with your mates - that would be the best THANK YOU.
P.S. I personally will open entry if the price will show it according to my strategy.
Always make your analysis before a trade
GBPAUD LongGBPAUD is retracing at the moment, We will take entry from 61.8% of Fib. TP1 would be the most recent high and we will ride this trend until the old Daily high, until the next retracement. At the moment it is also respecting the trend line.
Bullish rise?GBP/AUD has just reacted off he pivot and could potentially rise to the 1st resistance.
Pivot: 1.9245
1st Support: 1.9162
1st Resistance: 1.9338
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.
GBP-AUD Bullish Bias! Buy!
Hello,Traders!
GBP-AUD made a retest
Of the horizontal support
Of 1.9242 and we are
Already seeing a bullish
Reaction so we are
Bullish biased and we
Will be expecting
A local bullish rebound
Buy!
Like, comment and subscribe to help us grow!
Check out other forecasts below too!
GBPAUD Bullish (Retest Support, Fib Retracement, Trend Support)GBPAUD shows a bullish momentum at 4H TF. Momentum is supported by strong retest of support and fib retracement close to 0.5%. Rising trendline also provide the historic support for the bullish continuation. Took trade at CMP with SL at previous HL. What do you think, will it work?
GBPAUD: More Growth is Coming?! 🇬🇧🇦🇺
I see a very bullish pattern on GBPAUD on a daily time frame:
the pair formed an ascending triangle formation and successfully
broke its horizontal neckline.
The broken neckline and the trend line now compose the contracting
demand zone.
A bullish movement may initiate from that.
Goals: 1.935 / 1.943
❤️Please, support my work with like, thank you!❤️
gbpaud wedge pattern breakout and a retest / BUY
Wedge breakout and retest
1 day resistance breakout
daily key pivot point rebound
1 hr bullish engulf candle formation on pivot point and on wedge pattern and 1 day previous resistance which is now support
GBPAUDGBPAUD is in strong bullish trend.
As the market is consistently printing new HHs and HLs.
currently the market is retracing a bit after last HH, which is 50% Fib retracement level and local support as well. if the market successfully sustain this buying confluence the next leg up could go for new HH.
What you guys think of this idea?
GBPAUD Continuation Long into the next VAPrice finally BO of the sideways more than 2 weeks during sideways consolidation.
With no significant area to the left until the next VA, I am patiently waiting for a H1 continuation pattern to go long.
There are 2 potential levels for a turnaround, the 1st at 1.9295 and the second at 1.9254. Best case we get a bigger H1 3-touch consolidation which taps into the lower area, simultaneously retesting the upper bound of the consolidation before continuation long.
***********
Glossary:
VA – Value Area
Liq.P – Liquidity Point
BO – Break-Out
EO – Entry Order
H1 – Hourly Time-frame
M15 – 15min Time-frame
LTF – Lower Time-frame
HTF – Higher Time-frame
Magenta horizontal Ray – Area of Interest
Magenta rectangle – Gap / Area of Significance
Green Path – Preferable PA
Orange Path – Acceptable PA
***********
GBPAUD: Bullish Accumulation & BreakoutAfter a prolonged period of bullish accumulation in an ascending triangle pattern, GBPAUD rebounded last week and broke through its resistance.
This suggests the possibility of further bullish momentum, with the next target at 1.9373.
Pound AussieWith prices breaking the previous high, a close of a bearish engulfing candlestick on a higher timeframe and market structure, looks to confirm a inflow of bearish momentum to the downside.
GBPAUD, H4Daily Direction BUY,+ Breakout BUY
H4 Breakout 1.93100
Entry 1.92915
Takeprofit 1.93590
Stoploss 1.9258
sellcorrection downwards could be coming this week, always trade with a stoploss and use proper risk
GBPAUD is approaching the trendHey Traders, in tomorrow's trading session we are monitoring GBPAUD for a selling opportunity around 1.93700 zone, GBPAUD is trading in a downtrend and currently is in a correction phase in which it is approaching the trend at 1.93700 support and resistance area.
Trade safe, Joe.
Gbpaud, went higher as mentioned last weekHello fellow traders , my regular and new friends!
Welcome and thanks for dropping by my post.
Gbpaud likely should have more upside to come .Euraud has similar setup but will go for gbpaud instead.
Do check out my recorded video (in trading ideas) for the week to have more explanation in place.
Do Like and Boost if you have learnt something and enjoyed the content, thank you!
-- Get the right tools and an experienced Guide, you WILL navigate your way out of this "Dangerous Jungle"! --
*********************************************************************
Disclaimers:
The analysis shared through this channel are purely for educational and entertainment purposes only. They are by no means professional advice for individual/s to enter trades for investment or trading purposes.
*********************************************************************
