GBP/AUD BEARISH BIAS RIGHT NOW| SHORT
Hello, Friends!
The BB upper band is nearby so GBP-AUD is in the overbought territory. Thus, despite the uptrend on the 1W timeframe I think that we will see a bearish reaction from the resistance line above and a move down towards the target at around 1.991.
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GBPAUD trade ideas
GBPAUD Potential Short on a Trend reversal TradeOANDA:GBPAUD made a significant bullish run and interestingly, the move was pretty fast. Looking back in history, Price has hit a major Resistance and created a new low around the 2.03801. This area has been further broken and retested which suggests a possible bearish opportunity. I would recommend to trade this with some caution as the overall bullish move is still potentially on.
Results are not typical, past results does not guarantee future results, so do your due diligence.
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GBPAUD-SELL strategy 6 hourly chartWe are in the correction mode, and we should be able to see FIB 2.0217 area for profit taking.
Stochastic, fisher form, and RSI all are showing we in SELL mode.
Strategy SELL @ 2.0370-2.0400 (or adding to position since we are short at different levels) and take profit near 2.0217 for now. it may go lower, but at least trim or liquidate.
GBP-AUD Bullish Bias! Buy!
Hello,Traders!
GBP-AUD is trading in an
Uptrend and the pair
Is making a local correction
But will soon hit a horizontal
Support of 2.0240 from where
We will be expecting a local
Bullish rebound
Buy!
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Bullish continuation?GBP/AUD is falling towards the pivot which acts as a pullback support and could bounce to the 1st resistance.
Pivot: 2.0243
1st Support: 2.0099
1st Resistance: 2.0507
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GBP/AUD - 1H Analysis & Prediction📊 GBP/AUD - 1H Analysis & Prediction
🔹 Current Price: 2.04496
🔹 Key Support Zones: 2.03800 - 2.03400 (Highlighted in green)
🔹 Key Resistance: 2.05164 & 2.05905
🚀 Bullish Scenario:
✅ Price is forming higher highs and higher lows, indicating an uptrend.
✅ A break above 2.05164 could push GBP/AUD towards the 2.05905 target.
✅ If price pulls back, it may retest the minor support before continuing upwards.
⚠️ Bearish Scenario:
🔻 If price fails to break 2.05164, a rejection could send it back towards 2.03800.
🔻 A deeper correction would test the 2.03400 demand zone.
💡 Trading Plan:
✅ Look for buy opportunities if price forms bullish confirmation above 2.04500.
✅ A breakout above 2.05164 may indicate a strong bullish continuation.
✅ If price rejects 2.05164, watch for short-term sell setups.
#FXFOREVER #GBPAUD #SmartMoney #ForexTrading #LiquidityHunt #TradingSetup
GBP/AUD: Topping Signals Flash After Relentless RallyThe bearish pin candle on the GBP/AUD daily chart on Tuesday is a warning sign for bulls after a more than seven big-figure rally in less than a fortnight. RSI (14) is flashing extreme overbought conditions, sitting at levels that have marked major market tops in the past.
Fundamentally, the move stacks up—improved Eurozone optimism from increased military spending and weaker energy prices is a tailwind for the U.K., while ongoing U.S.-China tariff skirmishes weigh on the AUD, overshadowing early signs of an Australian economic recovery.
But that’s all baked in now, leaving GBP/AUD vulnerable to downside without fresh catalysts to push the narrative further.
If the pair nears Tuesday’s high, it could offer an entry point for those looking to fade the move. Stops could be placed above that level, targeting an initial pullback to 2.0300—the December 2024 high. From there, traders can reassess whether to aim for 2.0150 or square the trade.
Good luck!
DS
SHORT SETUP FOR GBPAUDBearish Reversal Setup
The GBPAUD pair is showing signs of a potential bearish trend (CONFIRMED BEARISH BUTTERFLY ) reversal on the daily chart. The recent price action suggests that the pair may face downside pressure, presenting an opportunity for a short position.
Trade Parameters:
Entry Zone: 2.0499 – 2.0500
Take Profit 1: 2.0000
Take Profit 2: 1.9700
Stop Loss: 2.0650
Fundamental Outlook:
The Australian economy remains resilient, supported by strong commodity exports, particularly in iron ore and liquefied natural gas (LNG), which continue to bolster the country’s trade balance. Additionally, Australia’s labor market has shown steady employment growth, reinforcing consumer confidence and economic stability. The Reserve Bank of Australia (RBA) has maintained a cautious but optimistic stance, signaling confidence in the economy’s ability to withstand global uncertainties.
Given these factors, a potential reversal in GBPAUD could be driven by a stronger Australian dollar, as market participants may favor the AUD amid its economic resilience. If the price confirms a rejection from the 2.0500 level, further downside movement could be expected toward key support levels.
GBPAUD Long Idea - 4H ChartGBPAUD is in a strong uptrend, breaking through key resistance levels and trading above the 200 EMA, confirming bullish momentum. The price is currently extended but may retest a key demand zone before continuing higher.
Trade Setup:
🔹 Entry: Look for a pullback into the 2.0250 - 2.0300 demand zone.
🔹 Stop Loss: Below 2.0200, under the recent structure for safety.
🔹 Target: A potential push towards 2.0800 - 2.1000, the next major resistance area.
📈 Watch for: Bullish rejection wicks, engulfing patterns, or confirmation from lower timeframes before entering long.
🔔 Bullish trend remains intact! Manage risk and trade accordingly. 🚀
#GBPAUD #Forex #Trading #PriceAction #TechnicalAnalysis
Institutional Supply: GBP/AUD shortsHey,
This one crushed a prior zone, which is rare but fine! We're now in another supply area that I love and price is already slowing down because it is extremely over-extended.
Let's wait for the 4-hour chart to shape up and trade the pullback play as always.
To learn more, watch our video's!
Kind regards,
Max Nieveld