18.12.24 Morning ForecastPairs on Watch -
FX:EURNZD
FX:EURAUD
FX:GBPAUD
A short overview of the instruments I am looking at for today, multi-timeframe analysis down to what I will be looking at for an entry. Enjoy!
GBPAUD trade ideas
GBPAUD1.AB=CD is reversal pattran is complete.
2.Divergence at top.
3.Daily time frame bearish engulfing candle.
4.Also bearish flage at 1H TM
Sell stop 1.99974
Stop loss 2.01528
TP 1.98104
Risky LongsBecause we are closer to EOY, trading is generally more risky. But looking at longs on GBPAUD now.
Confluences:
- 2.00500
- 50 fib
- H4 SNR
- H1 Double bottom & retest on neckline
Weekly CLS, HTF OB, Liquidity Stop Hunt, model 2Weekly CLS, HTF liquidity Stop Hunt, model 2
you are welcome to comment with your thoughts and share your charts or questions below, I like any constructive discussion.
What is CLS?
This company is trading for the biggest investment banks and central banks. They trade over 6.5 trillion daily volume. They are smart money of the all markets.
CLS operates in the specific times which will give you huge advantage and precisions to you entries. Focus on that. Its accuracy is amazing.
Good luck and I hope this educational post helps to become better trader
“Adapt what is useful, reject what is useless, and add what is specifically your own.”
Dave FX Hunter ⚔
GBPAUD buy Trade IdeaHello Traders
In This Chart GBP/AUD 4 HOURLY Forex Forecast By FOREX PLANET
today GBP/AUD analysis 👆
🟢This Chart includes_ (GBP/AUD market update)
🟢What is The Next Opportunity on GBP/AUD Market
🟢how to Enter to the Valid Entry With Assurance Profit
This CHART is For Trader's that Want to Improve Their Technical Analysis Skills and Their Trading By Understanding How To Analyze The Market Using Multiple Timeframes and Understanding The Bigger Picture on the Charts
GBPAUD: 600+ pips, possible big move happening soon! Dear Traders,
We have an excellent selling opportunity coming up where we can see price dropping in no time, and can help us gain few hundred pips. We hoping for this trade to be completed in two weeks time. Please watch the price carefully. Thank you.
GBPAUD-SELL strategy 3 hourly chart GANN SQI underestimated the move upwards, but as they say, if one manages for value, scaling in and managing leverage is the key to ensure we create the opportunities. There are different methods, but valuation is the key. I hope it has not become to harsh on any of you, as these markets take everyone to the cleaners, if not careful.
Back to business, we are way overextended across the board and stochastic, RSI and we are now in a corrective wave as well, suggest we see first return near 2.0100 again.
Strategy SELL @ 2.0200-2.0250 and take profit near 2.0095 - 2.0110 window.
GBPAUD to the moon?Taking a long position on GBPAUD, main reasons being:
- BoE holding interest rates for now and less rate cuts are expected next year, could drive more institutions to hold GBP and increase it's value
- AUD are trade partners with China who are experiencing significant economic instability
- COT traders are 57% long on GBP (+2.14% compared to last week)
- COT traders are 52% long on AUD, but are adding more short positions (-4.53% change in net long positions compared to last week)
- Retail traders are 93% short on GBPAUD (I find that retail is usually wrong, so this is a positive signal for GBPAUD longs in my book)
This trade is more based on Australia's weakness rather than Britain's strength. I was also thinking of shorting AUDJPY (see previous trade idea) or AUDUSD.
I couldn't get in a position that I liked on AUDJPY (yet) and I'm already in a short position on EURUSD, so I want to diversify a bit away from the US Dollar.
The reason I'm entering here is because it is filling an imbalance candle, and it's also at the 0.682 mark on the Fibonacci retracement tool.
If I get taken out I don't mind, there may be better entries on GBPAUD available if that happens, or there may be an opportunity to short AUDJPY instead, which I prefer the fundamentals of.
Don't take this as investment advice, I'm just sharing what I'm doing. Please don't follow me blindly, create your own strategy and ideas.
#GBPAUD 1DAYGBPAUD Daily Analysis
The GBPAUD pair is trading near the resistance line of an uptrend channel on the daily chart, suggesting a potential reversal or correction from this level. The channel resistance indicates strong selling pressure, making it a key area to watch for bearish setups.
Technical Outlook:
Pattern: Uptrend Channel Resistance
Forecast: Bearish (Sell Opportunity)
Entry Strategy: Enter a sell position if the price confirms rejection at the channel resistance through bearish price action signals, such as a bearish engulfing candlestick or a double top pattern.
Traders should use indicators like RSI to check for overbought conditions or MACD for divergence that signals weakening bullish momentum. Apply proper risk management by placing stop-loss orders above the channel resistance and setting profit targets at key support levels within the channel.
GBPAUD FORECASTThis is another good setup that I look for today! From the higher timeframe this price is likely to have the potential for the sell. Yesterday daily candle gave us a clear picture of where the market is likely to navigate. In the lower timeframe we just look for the areas that have higher chance for us to position ourselves. Let's see how it plays.
GBP/Aud Simple trendline with resistance I've noticed a break out from a ranging market still respecting a bullish trendline up to the next resistance is my target.
GBPAUDThe potential BUY scenario for the pair
The pair is under observation as it approaches the designated BUY zone on the chart.
GBPAUD-SELL strategy 3 hourly chartThe pair is currently overbought, and this on both RSI and MFI. We should move lower (likely a wave 2) to somewhere 1.9995 area before up again.
Strategy SELL current 2.0080-2.0120 and take profit near 2.0000.
Sell OpportunitySignal: Sell
Instrument: GBP/AUD (British Pound / Australian Dollar)
Timeframe: 4-Hour Chart
Entry Price: 2.01168 (current price level)
Stop Loss: 2.02085 (above recent high resistance, ~91.7 pips)
Take Profit: 1.95160 (target zone, ~600+ pips)
Risk-Reward Ratio: 6.64 (high reward relative to risk)
Technical Analysis:
Resistance Rejection:
The price has reached strong resistance near 2.02085 and shows signs of rejection, creating a bearish opportunity.
Volume Profile:
The volume profile indicates high volume at lower levels, suggesting a potential return toward equilibrium around the 1.97968 and 1.95140 zones.
Support Levels:
The target aligns with historical support zones around 1.95140, where price consolidation has occurred before.
Risk/Reward Ratio:
The setup has a favorable risk-reward ratio of 6.64, making it a high-probability trade.
Strategic GBPAUD EntryGBPAUD is currently in a strong uptrend, exhibiting a classic pattern of higher highs and higher lows. At the current price, there are no signs of bearish divergence. The pair has already tested the 0.5 Fibonacci retracement level and may attempt to retest this area, offering a potential buying opportunity. It is recommended to position your stop-loss at the previous higher low, ensuring adherence to proper risk management practices.
Watching and Waiting for a Trend line break on GBPAUDWatching and waiting for this pair to break this trend line on the H4 time frame.
Reasons I think price will break through:
- RSI was overbought on H4
- Bearish RSI Divergence on H4
- Bullish candles are getting smaller
What do you think?
*Also please remember these are trading ideas and not trading signals. Thank you.
GBP_AUD BULLISH BIAS|LONG|
✅GBP_AUD is trading along the rising support line
And as the pair is going up now
After the retest of the line
I am expecting the price to keep growing
To retest the supply levels above at 2.0250
LONG🚀
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GBP-AUD Potential Long! Buy!
Hello,Traders!
GBP-AUD is trading in an
Uptrend along the rising
Support so after the retest
We will be expecting a
A bullish rebound
And a move up
Buy!
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Check out other forecasts below too!
Swing Short for GBPAUDI am expecting the Antipodean currencies to rebound hard next year, as I feel a risk on sentiment will return to the markets.
AUD/JPY Short and GBP/AUD ShortAUD/JPY Short
Minimum entry requirements:
• Break above area of value.
• 1H impulse down below area of value.
• If tight 5 min continuation follows, reduced risk entry on the break of it.
• If tight 15 min continuation follows, 5 min risk entry within it, or reduced risk entry on the break of it.
GBP/AUD Short
Minimum entry requirements:
• If 3 touch 1H continuation or 2 touch 1H continuation with 3 touch structural approach forms, 15 min risk entry within it.
GBPAUD sell signal. Don't forget about stop-loss.
Write in the comments all your questions and instruments analysis of which you want to see.
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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
GBP/AUD BEARISH BIAS RIGHT NOW| SHORT
Hello, Friends!
GBP/AUD pair is trading in a local downtrend which is red. On the 9H timeframe the pair is going up. The pair is overbought because the price is close to the upper band of the BB indicator. So we are looking to sell the pair with the upper BB line acting as resistance. The next target is 1.969 area.
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