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GBPAUD trade ideas

GBP/AUD: Bulls Eye Breakout, But Momentum Signals CautionThursday’s bullish engulfing candle and rising risk aversion have GBP/AUD knocking on the door of a bullish breakout, with the pair testing resistance at 2.0627 in early Asian trade on Monday. Stepping back, GBP/AUD remains within an ascending triangle pattern, bouncing off uptrend support on four separate occasions this month. While convention suggests traders should watch for a topside break, momentum indicators are less convincing—RSI (14) has been diverging from price in recent weeks, while MACD is easing lower despite staying in positive territory. The conflicting price and momentum signals reinforce the need for a decisive break above 2.0627 before considering bullish setups. A confirmed break and close above the level could open the door for longs targeting 2.0859, the swing high from March 2020, with a stop beneath to protect against reversal. A failure at 2.0627 could see the setup flipped, with shorts established beneath the level and a stop above for protection. The initial downside target would be uptrend support, currently around 2.0425. Good luck! DS
Long
by FOREXcom
GBPAUD-all Set to Hit 2.07200 Giving R:R=2.6Buy = 2.05800-850 Sell = 2.07200 SL = 2.05325 R:R=2.6 ANALYSIS After hitting Low at 2.03913 GBPAUD is following Elliott waves principles. It has formed its wave-3 by invoking Rule of Equality that, in turn, makes best case for 5th wave extension. Formation of waves-2 & 4 fulfills the criteria for alternation principle that requires at least one alternation. As per rule, target for 5th wave comes to 2.07200 minimum by taking W5=W0-3. This target is well within the 1.618W3 (2.07322)that gives maximum target of wave-5. Wave-4 has formed correction type Irregular Failure that gives future move equal to at least 1.618 of previous wave, that is again makes a favorable case for 5th wave extension.
Long
by kashif493
GBP/AUD: Consolidation Breakout Signals Bullish ContinuationThe GBP/AUD market remains in a range-bound structure, fluctuating between the 2.0300 support and 2.0600 resistance levels. Recently, price broke and closed above both a downward trendline and the previous two daily highs, reinforcing a bullish bias. With strong momentum visible on the daily timeframe, the market appears to be setting up for a consolidation expansion pattern. If the price continues to hold above the trendline and support level, a retest of last week’s high is likely, with further bullish movement possible. The next target is the resistance zone around 2.06490
Long
by RTED_Investing
Lingrid | GBPAUD anticipating POTENTIAL Consolidation-ExpansionFX:GBPAUD market continues to oscillate between the resistance and support levels of 2.0300 and 2.0600. It has broken and closed above the downward trendline and the highs from the last two days. With a bullish outlook on the daily timeframe, we anticipate a classic consolidation expansion move. If the price holds above the support level and trendline, we can expect a retest of at least last week's high and potentially further bullish moves. My goal is resistance zone around 2.06490 Traders, If you liked this educational post🎓, give it a boost 🚀 and drop a comment 📣
Long
by Lingrid
3
GBP/AUD 4-Hour Timeframe AnalysisGBP/AUD 4-Hour Timeframe Analysis GBP/AUD has shown signs of losing momentum from its previous bullish trend, with price action consolidating within a range. We have identified key levels to watch, including a major key resistance at 2.06200 and a major key support at 2.03000. Additionally, a minor key support level at 2.05400 serves as a short-term pivot point for potential price movements. If price breaks above the major resistance at 2.06200, we anticipate a continuation of the bullish trend toward the next minor key resistance at 2.09400. However, if price retraces and breaks below 2.05400, sellers could push the pair lower toward the major key support at 2.03000. Outlook and Key Technical Levels 🔹 Major Key Resistance: 2.06200 (Breakout level for bullish continuation) 🔹 Minor Key Support: 2.05400 (Break below signals bearish move) 🔹 Major Key Support: 2.03000 (Downside target for sellers) Fundamental Insight and Market Sentiment 📉 GBP Weakness: he British Pound faces mounting pressure due to weakening fundamentals. UK inflation dropped to 2.8%, fueling speculation of a Bank of England (BoE) rate cut in May. With inflation cooling, the urgency for tighter monetary policy diminishes, making GBP less appealing to investors. Adding to this downside risk, UK Chancellor Rachel Reeves’ Spring Statement introduced public spending cuts, further dampening growth prospects for 2025 and increasing concerns about the UK’s economic trajectory. 📈 AUD Resilience: The Australian dollar initially faced losses due to a lower-than-expected CPI print, raising expectations for an RBA rate cut. However, optimism surrounding Australia's recent budget and positive risk sentiment helped the AUD recover. Given the technical breakdown and fundamental backdrop, we are monitoring GBP/AUD closely for potential trade opportunities, with a focus on price action near key support and resistance levels. 📌 Disclaimer: This analysis is for informational and educational purposes only and should not be considered financial advice. Trading involves substantial risk, and past performance is not indicative of future results. Always conduct your own research and consult with a financial professional before making any investment decisions.
Short
by RebornFXTrader
GBP/AUD Price Action Update📊 GBP/AUD Price Action Update 🎯 🔹 Current Price: 2.05941 🔹 Timeframe: 15M 📌 Key Support Levels (Demand Zones): 🟢 2.05795 – First Support 🟢 2.05327 – Second Support 🟢 2.04939 – Third Support 🟢 2.04012 – Fourth Support 📈 Bullish Scenario: If price holds above 2.05795, we might see a push towards 2.06663 and beyond. A breakout above this level could confirm a strong bullish continuation. 📉 Bearish Scenario: If price breaks below 2.05795, the next supports at 2.05327 and 2.04939 will be key reaction zones. A break below 2.04012 could signal a deeper retracement. ⚡ Trading Tip: Look for confirmations before entering buy/sell trades. Watch for bullish rejection at demand zones for long positions. Sell near resistance with bearish confirmation. #GBPAUD #ForexTrading #PriceAction #TechnicalAnalysis #SmartMoney #ForexSignals
Long
by FXFOREVER_87
4
GBP/AUD Price Action Update📊 GBP/AUD Price Action Update 🇬🇧🇦🇺 GBP/AUD is currently testing a strong resistance zone (supply area) around 2.0486, marked in red. 📌 Key Insights: 🔴 Supply Zone (Resistance): 2.0486 - 2.0490 📍 This level has been tested multiple times but failed to break convincingly, suggesting a potential reversal or breakout scenario. 📉 Bearish Scenario: If price rejects this zone, we might see a sell-off towards the 2.0397 support level, as marked on the chart. 📈 Bullish Scenario: If GBP/AUD breaks and holds above 2.0486, it could trigger a further bullish rally. However, a strong rejection from this level increases the chances of a downward move. ⚡ Trading Tip: Wait for confirmation candles before entering trades. A strong rejection with bearish momentum could signal a short entry, while a breakout with retest could indicate a buying opportunity. #fxforever #fxf #GBPAUD #ForexTrading #SmartMoney #TechnicalAnalysis #PriceAction #ForexSignals #DayTrading #MarketAnalysis
Short
by FXFOREVER_87
GBPAUD Selling Trading 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
Long
by ForexMasters2000
GBAAUD has a buy opportunity at short term periodGBAAUD may have a short-term buy opportunity based on several factors: estimated entry level: 2.038 target: at around 2.042 - 2.044 Technical Indicators: Positive chart patterns (like breakouts or bullish formations), and moving averages crossing could signal upward momentum. Fundamentals: Positive earnings reports or key economic data releases could drive short-term growth. For a currency pair, central bank policies or interest rate changes are also important. Market Sentiment: Positive investor sentiment, upcoming news, or geopolitical events could create buying pressure. Volume Confirmation: Higher-than-average trading volume can indicate a strong trend, confirming the buy opportunity. Volatility: Short-term price swings or expected volatility can offer profitable entry points. In summary, if these factors align, GBAAUD could see potential growth in the short term.
Long
by SWTCapitalTrading
1
GBPAUD Will Move Lower! 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 approaching a key horizontal level 2.039. Considering the today's price action, probabilities will be high to see a movement to 2.033. P.S We determine oversold/overbought condition with RSI indicator. When it drops below 30 - the market is considered to be oversold. When it bounces above 70 - the market is considered to be overbought. Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis. Like and subscribe and comment my ideas if you enjoy them!
Short
by SignalProvider
1
GBP/AUD break oit Here’s a clear trade setup based on your chart: Entry: Around 2.0542 Stop Loss (SL): 2.05647 (Above the red resistance zone) Target: 2.03900 (Marked green target zone) This setup aligns with the breakdown from the bullish channel and retest of resistance. Manage risk carefully. Let me know if you need further insights. Sell Setup - Key Support & Resistance Levels Resistance Levels (Potential Entry/SL Zone): 2.05647 – Major resistance (Ideal SL zone) 2.05400 – Immediate resistance within the red zone 2.05200 – Key resistance level (Potential entry zone) Support Levels (Potential TP Zones): 2.04500 – First support zone (Minor support) 2.04100 – Strong support (Key TP zone) 2.03900 – Final support target (Major TP zone) This aligns with the downward momentum after breaking the bullish channel. Ensure proper risk management and follow your trading plan.
by JAMES_GOLD_MASTER_MQL5