Fundamental update/ GBPAUD short analysis from 10/3/24Hello All,
this video covers our recent fundamental developments as well as our missed sentiment for a short on GBPAUD.
GBPAUD.P trade ideas
GBPAUD has been in a downtrend ?GBPAUD has been in a downtrend, with the recent drop starting from 1.93. However, the price has recently recovered past this resistance level, with the key point for momentum shift at 1.91. Based on this, I believe the market is about to reverse and could potentially return to previous highs. If a buy position is taken at the current level, the risk-to-reward ratio could reach 3:1.
This is the simplest one-time entry method. However, if it were me, I would add to my position daily until I reached an appropriate level. Afterward, I would use automated tools to achieve a 2:1 or 3:1 risk-to-reward ratio with a trailing stop to maximize gains during market fluctuations.
The key to trading lies in having an effective system and strategy. If you don’t have one yet, you are welcome to join us and learn more about the framework trading system we are using.
GBPAUD: One More Pullback Trade 🇬🇧🇦🇺
I see one more, potentially profitable pullback trade on GBPAUD.
The price formed a double top pattern on a key daily/intraday resistance
and successfully violated its neckline.
We see its retest at the moment.
The pair may retrace to 1.926 level.
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GBPAUD LONGGBPAUD is forming a H & S pattern, the weekly resistance level 1.92000 was unable to break, i expect a retest to that level before buying or wait for a break in the H&S neckline. Have a good trading week♥️
GBP_AUD RISKY SHORT|
✅GBP_AUD is approaching a supply level of 1.9350
So according to our strategy
We will be looking for the signs of the reversal in the trend
To jump onto the bullish bandwagon just on time to get the best
Risk reward ratio for us
SHORT🔥
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GBP/AUD BEARS WILL DOMINATE THE MARKET|SHORT
Hello, Friends!
GBP/AUD pair is in the downtrend because previous week’s candle is red, while the price is clearly rising on the 3H timeframe. And after the retest of the resistance line above I believe we will see a move down towards the target below at 1.910 because the pair is overbought due to its proximity to the upper BB band and a bearish correction is likely.
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GBP-AUD Retesting Resistance! Sell!
Hello,Traders!
GBP-AUD made a swift
Recovery after a sudden
Price drop but the pair
Will soon hit a horizontal
Resistance level of 1.9325
From were we will be
Expecting a local
Bearish move down
Sell!
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Check out other forecasts below too!
Approaching Weekly Demand ZoneFind an Entry in lower Time frame from that Yellow Area.Always use proper Risk Management.
GBPAUD IS BEARISHI will be waiting for a sell confirmation since well it has reached the supply zone in MIS.
Happy trading.
GBPAUD: 4D Curve AnalysisPIVOT HIGH = Resistance @ 1.93104
PIVOT LOW = Support @ 1.89629
⚠️ HIGH RISK SELL STOP ORDER
(with tight stop loss)
SSO1 @ 1.9293 😮
SSO2 @ 1.9258 😮
FINAL TP @ 1.9032
CONFIRMATION OF DT:
📉WE NEED PRICE ACTION TO CLOSE BELOW SSO1 ⤵️
📌 Professional Trader Note:
PA is currently at a FZ
GBPAUD LongGA momentum picked up to the upside after previous day dumping down that signals that price is most likely going to start breaking structure to the upside I can see it go to 1.93800 before we see another big push to the downside. I have buy limit at 1.92335 counting the spread and have a SL set at 1.92117 we will see if price taps us in.
GBPAUD Is Bearish! 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 on a crucial zone of supply 1.923.
The above-mentioned technicals clearly indicate the dominance of sellers on the market. I recommend shorting the instrument, aiming at 1.919 level.
P.S
Overbought describes a period of time where there has been a significant and consistent upward move in price over a period of time without much pullback.
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GBPAUD A Fall Expected! SELL!
My dear friends,
My technical analysis for GBPAUD is below:
The market is trading on 1.9241 pivot level.
Bias - Bearish
Technical Indicators: Both Super Trend & Pivot HL indicate a highly probable Bearish continuation.
Target - 1.9192
About Used Indicators:
A pivot point is a technical analysis indicator, or calculations, used to determine the overall trend of the market over different time frames.
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WISH YOU ALL LUCK
GBPAUD SellsGoing with the momentum of the sells there's no point of looking for buys at this time AUD pairs are Bullish so I am going for sells I don't think price pushes back up to yesterdays range and next week we should most likely see a consolidation again since price moved so rapidly.
Short GBP/AUDFundamental Outlook:
UK Economic Data: Recent economic indicators from the UK, such as lower-than-expected growth figures, continue to exert downward pressure on the GBP.
Australian Economic Strength: Stronger Australian fundamentals, including robust employment numbers and rising exports, provide support to the AUD.
Technical Analysis:
Resistance Zone: GBP/AUD is facing strong resistance near 1.9400, as observed on the daily chart. Multiple rejections at this level signal potential bearish momentum.
Moving Averages: Price is trading below the 21-day EMA, which aligns with the downtrend.
RSI: The Relative Strength Index (RSI) is near the overbought zone, suggesting the pair might be due for a correction lower.
Candlestick Patterns: A bearish engulfing pattern on the 4-hour chart adds to the short bias.
Market Structure:
The pair has been forming lower highs and lower lows, indicating a bearish trend continuation.
Key support around 1.9000 is the next potential target if the selling pressure continues.
Key Levels:
Entry Zone: 1.9180–1.9200
Stop Loss: 1.9400 (just above recent swing highs)
Take Profit: 1.9000 (next support zone)
GBPAUD potential drop and continuation of the down trendGBPAUD has been respecting the upward trendline for over a month but now appears poised to break through, potentially triggering a significant sell-off. On the daily timeframe, the price action looks quite bearish. The formation of a consolidation zone just above the trendline suggests the market is preparing for a potential breakout. Consequently, the market could drop from this resistance zone toward lower levels. The target is the support level at 1.93080
Fundamental Analysis. 2/2Hello All,
here is our follow up. based off the information presented, current opportunity is with GBPAUD.
However, there may be a future opportunity for EURUSD based off of news information to be released soon.
SELL OPPORTUNITY IN GBPAUDPrice broke to a new low and currently trade at 1.91504 a sell opportunity is envisaged around 1.92093 (sell limit order)
GBPAUD bearish take over?
GBPAUD many are project bullish expectations in last period, especially when we are saw break of uper trend line. Whats now, looks like break is be fake and now we can expect bearish push till bottom trend line and personally here expecting and break of same and higher bearish continuation.
GBP is have nagative results on today GDP event
TP: 1.91900 (350)
SL: 1.97000
BOE Bailey Dovish Rhetoric (GBP levels)Dovish sentiment out of the BOE this AM about aggressive cuts has led to a weaker GBP.
Trickling hard, would not be shocked if we see lower levels.
