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GBPAUD trade ideas

GBPAUD Approaching Major Resistance — Potential Sell SetupOANDA:GBPAUD is approaching a major resistance zone, highlighted by strong selling interest. This area has historically acted as a supply zone, increasing the likelihood of a bearish reversal if sellers step in. The current market structure suggests that if the price confirms resistance within this zone, we could see further downside movement. A successful rejection could push the pair toward 2.03000, a logical target based on prior price behavior and the current structure. However, if the price breaks and holds above this resistance, the bearish outlook may be invalidated, potentially leading to further upside. Just my take on support and resistance zones—not financial advice. Always confirm your setups and trade with solid risk management. Best of luck!
Short
by TrendDiva
17
GBPAUD INTRADAY Bullish consolidation supported at 2.0227The GBPAUD currency pair maintains a bullish sentiment, supported by the prevailing long-term uptrend. However, recent price action suggests an overextended bullish breakout, approaching significant resistance zones on both daily and weekly timeframes. The key trading level to watch is 2.0227. A potential overbought pullback from current levels, followed by a bullish rebound from 2.0227, could extend the upside, targeting 2.0499, with further resistance at 2.0577 and 2.0737 over a longer timeframe. Conversely, a confirmed break below 2.0227, with a daily close under this level, could signal a corrective pullback towards 2.0077 and 2.9937. Conclusion: While the broader trend remains bullish, the current overextended move suggests the possibility of short-term retracements. Holding 2.0227 as support will be critical for further upside continuation, while a breakdown below this level could trigger deeper corrections. Traders should monitor price action closely and adjust risk management accordingly. This communication is for informational purposes only and should not be viewed as any form of recommendation as to a particular course of action or as investment advice. It is not intended as an offer or solicitation for the purchase or sale of any financial instrument or as an official confirmation of any transaction. Opinions, estimates and assumptions expressed herein are made as of the date of this communication and are subject to change without notice. This communication has been prepared based upon information, including market prices, data and other information, believed to be reliable; however, Trade Nation does not warrant its completeness or accuracy. All market prices and market data contained in or attached to this communication are indicative and subject to change without notice.
by TradeNation
GBPAUD → Correction to strong support before continuing growthFX:GBPAUD is forming a range with a consolidation target after breaking the base of the ascending triangle. The pound is correcting due to the dollar Technically, on the daily timeframe we have a strong bullish structure, the price is trying to accelerate after breaking the trend resistance, but against the background of the dollar correction the pound sterling is also making a small pullback. There are no strong fundamental changes and the general direction may continue. At the moment the focus is on ob, located in the zone of 2.0285, as well as the liquidity zone, which is located below 2.0285 + weekly low - 2.015, which also hides a huge pool of liquidity that can be tested. Resistance levels: 2.05088 Support levels: 2.0285, 2.0151 On the background of the uptrend and the correction to the support after the update of the maximum, we can consider the strategy - false breakdown of the support with the purpose of continuation of the growth. Emphasis on 2.0285 - 2.015 Regards R. Linda!
Long
by RLinda
1
GBPAUD - BEARISH POSSIBILITY- Price closed under the resistence area which indicate a high chance of bearish reaction to the resistence zone - We can observe that price been following an uptrend line, a breakout will add up as confirmation to the bearish possibitlity - A retest can be seen as price confirming respect towards the resistence area and the trend breakout as well. It can also be seen as a great entry zone for it put your trades in a great risk/ reward ratio of 2.5 but you can also wait for price rejection as a stronger bearish confirmation. *Educational purpose only
Short
by jjo.mastertrader
GBPAUD Bullish breakout supported at 2.0227The GBPAUD currency pair maintains a bullish sentiment, supported by the prevailing long-term uptrend. However, recent price action suggests an overextended bullish breakout, approaching significant resistance zones on both daily and weekly timeframes. The key trading level to watch is 2.0227. A potential overbought pullback from current levels, followed by a bullish rebound from 2.0227, could extend the upside, targeting 2.0499, with further resistance at 2.0577 and 2.0737 over a longer timeframe. Conversely, a confirmed break below 2.0227, with a daily close under this level, could signal a corrective pullback towards 2.0077 and 2.9937. Conclusion: While the broader trend remains bullish, the current overextended move suggests the possibility of short-term retracements. Holding 2.0227 as support will be critical for further upside continuation, while a breakdown below this level could trigger deeper corrections. Traders should monitor price action closely and adjust risk management accordingly. This communication is for informational purposes only and should not be viewed as any form of recommendation as to a particular course of action or as investment advice. It is not intended as an offer or solicitation for the purchase or sale of any financial instrument or as an official confirmation of any transaction. Opinions, estimates and assumptions expressed herein are made as of the date of this communication and are subject to change without notice. This communication has been prepared based upon information, including market prices, data and other information, believed to be reliable; however, Trade Nation does not warrant its completeness or accuracy. All market prices and market data contained in or attached to this communication are indicative and subject to change without notice.
by TradeNation
GBPAUD SELL / BUY TRADE PLAN🔴 PRIMARY TRADE – SELL SETUP (REVISED BASED ON LIVE REACTION) 🔻 SELL ENTRY (Revised to Catch the Best Entry) 🔹 Aggressive Entry: If price retests 2.0480 – 2.0500, enter a Sell Limit (re-entry into rejection zone). 🔹 Confirmation Entry: If price fails to break above 2.0450 & forms rejection (Engulfing, Fakeout, or Pin Bar) on M15/M30/H1, take a market execution sell. 🔹 SL: 2.0530 (Above liquidity grab & invalidation zone). 🔹 TP1: 2.0400 (Nearest support, move SL to breakeven). 🔹 TP2: 2.0320 (Liquidity target). 🔹 TP3: 2.0250 – 2.0200 (Full reversal target). ✅ Risk-Reward Ratio: 1:3+ 🎯 Confidence Level: ✅✅✅✅ (High Probability Trade – Strong Structural & Liquidity Confluence). 📌 Why this sell setup is still valid? 🔹 H4 bearish engulfing confirms institutional selling pressure. 🔹 H1 bearish divergence signals momentum weakness. 🔹 Price has already rejected 2.0500, so a lower high at 2.0480 – 2.0500 would be a great re-entry. 🔹 If price does not retest, a break & rejection below 2.0450 offers a confirmation entry. 🟢 SECONDARY TRADE – BUY SETUP (IF SELL FAILS OR DEEP RETRACE OCCURS) 🔹 BUY ENTRY (Unchanged) 🔹 Aggressive Entry: Buy Limit at 2.0250 – 2.0200 (Institutional Demand Zone). 🔹 Confirmation Entry: Wait for bullish rejection (Wick Rejection, Bullish Engulfing, or Fakeout) above 2.0250. 🔹 SL: 2.0150 (Below liquidity grab zone). 🔹 TP1: 2.0320 (First resistance, move SL to breakeven). 🔹 TP2: 2.0400 – 2.0450 (Extended move based on liquidity). 🔹 TP3: 2.0500 – 2.0550 (Full bullish target). ✅ Risk-Reward Ratio: 1:3+ 🎯 Confidence Level: ✅✅✅ (Medium-High, depends on sell reaction at 2.0500). 📌 Why consider buying here? 🔹 Price would retrace into institutional demand at 2.0250 – 2.0200. 🔹 Strong reaction zone with previous liquidity grab & fair value gap. 🔹 Aligns with Fibonacci retracement (50% – 61.8%) & previous demand area.
by jibkhan111
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. Let's talk about your trade ideas too ;-)
Short
by Mbjoey