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British Pound / Australian Dollar

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GBPAUD trade ideas

GBPAUD The Target Is DOWN! SELL! My dear friends, Please, find my technical outlook for GBPAUD below: The instrument tests an important psychological level 1.9448 Bias - Bearish Technical Indicators: Supper Trend gives a precise Bearish signal, while Pivot Point HL predicts price changes and potential reversals in the market. Target - 1.9353 Recommended Stop Loss - 1.9507 About Used Indicators: Super-trend indicator is more useful in trending markets where there are clear uptrends and downtrends in price. ——————————— WISH YOU ALL LUCK
Short
by AnabelSignals
1
#GBP/AUD 1HThe **GBP/AUD** 1-hour chart is displaying a **channel pattern**, where price is moving between parallel support and resistance levels. This is indicative of a market in a range-bound state, with the price respecting both the upper (resistance) and lower (support) boundaries of the channel. ### Forecast: Sell When Touching Resistance In this scenario, the forecast is to initiate a **sell position** when the price reaches the upper boundary (resistance) of the channel. The key elements to consider for this setup are: 1. **Channel Structure**: The price is consistently oscillating between a well-defined resistance and support zone. The resistance level represents a strong selling zone where price struggles to break through. 2. **Trend and Momentum**: Momentum tends to weaken when the price approaches resistance, leading to reversals back toward the support line. This offers a potential short-selling opportunity. 3. **Risk Management**: A stop-loss order should be placed just above the resistance level in case of a breakout, while profit targets can be set near the lower boundary (support). It’s essential to confirm the sell signal by observing price action near resistance and looking for reversal patterns, such as bearish candlestick formations, or divergences in momentum indicators.
Short
by PIPSFIGHTER
#GBPAUD 1HOn the GBP/AUD 1-hour chart, the price is currently testing a channel resistance level. This resistance is part of a parallel channel where the price has been moving between support and resistance lines. The channel resistance marks an area where sellers typically emerge, halting further upward movement and pushing the price lower. Forecast: Sell A sell opportunity is anticipated as the price approaches the upper boundary of the channel. Traders may consider entering a short position if the price is rejected from this resistance line, with a potential downside move towards the channel's support level. It's crucial to wait for confirmation of rejection at the resistance before executing the trade to avoid false breakouts.
Short
by PIPSFIGHTER
GBPAUD: Detailed Technical OutlookThe GBPAUD is currently testing a trend line and horizontal structure that was recently breached. On the 4-hour chart, the market is consolidating within a horizontal range. I will wait for a break above the resistance to confirm a strong bullish move. A close above 1.9490 will validate this breakout, and if it occurs, I anticipate the price could rise to at least 1.9580. Conversely, a break below the support of the range may lead to lower prices.
Long
by NovaFX23
2
GBPAUD: Detailed Technical OutlookThe GBPAUD is currently testing a trend line and horizontal structure that was recently broken. On the 4-hour chart, the market is consolidating within a horizontal range. I will wait for a break above the resistance in order to confirm a strong bullish move. A close above 1.9490 will confirm this break. If this happens, I expect the price to move up to at least 1.9580. On the other hand, a break below the support of the range could lead to lower prices.
Long
by linofx1
4
GBPAUD - 4hrs ( Buy Trade Target Range 240 PIP ) 🟢 Pair Name : GBP/AUD Time Frame : 4hrs Chart / Close Scale Type : Large Scale ------ spreading knowledge among us and to clarify the most importan+t points of entry, exit and entry with more than 5 reasons We seek to spread understanding rather than make money 🟢 Key Technical / Direction ( Long / After Retest ) Type : Mid Term Swing ——————————— Bullish Retest 1.93250 Area Reasons - Major Turn level - Visible Range Hvn - Choch Zone - Fibo Golden Zone - Month Low Area Bearish Reversal 1.95650 Area Reasons - Major Turn level / M - Visible Range Hvn - Choch Area - Quarter's High - Month High
Long
by GoldenEngine
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.
Long
by Day_Trading_Attack_Penguins