GBPAUD: Market of Sellers
The analysis of the GBPAUD chart clearly shows us that the pair is finally about to tank due to the rising pressure from the sellers.
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GBPAUD trade ideas
GBPAUD Breakout Trendline: Long-Term Bullish ConfirmationThe GBPAUD pair shows signs of a significant trend shift after successfully breaking out of a long-term resistance trendline formed since 2001. Based on trendline analysis, the price consistently experienced pullbacks whenever it touched the resistance line. This pattern is illustrated on the chart with blue arrows indicating previous pullback areas.
In the most recent movement, the price has successfully broken out of this resistance trendline, signaling a potential trend reversal from bearish to bullish. The breakout is marked on the chart with an orange box, followed by a retest marked with a green arrow, further solidifying the breakout zone as a key confirmation.
Breaking through the major resistance signifies a significant change in market dynamics, where buying pressure has overcome the previously dominant selling pressure. Breakouts often trigger short-covering by sellers and attract buying interest from other traders, creating bullish momentum. The broken resistance area typically transforms into new support, providing a strong foundation for the continuation of the upward trend.
After the breakout from the resistance area, the first bullish target is at the 2.05 resistance level, with further bullish potential towards the psychological level of 2.22. In a more optimistic scenario, the price could continue rising to the next long-term resistance at 2.40.
To anticipate a false breakout, a stop loss can be placed below the 1.70 level or below the trendline. If the price moves back below the trendline, it would indicate a failed breakout and a potential continuation of the bearish trend.
Disclaimer:
This analysis is part of a trading plan and does not constitute trading advice. Technical analysis is probabilistic in nature and does not guarantee profitability. Always practice good risk management in every trading decision.
GBPAUD buy setupHere at Burnt Candle, we are Bullish on a long term basis. On this particular chart, we are waiting for price to drop first into our area of interest to look for buy opportunities to continue the anticipated Bullish momentum.
Remember, clear charts better vision
GBPAUD: Strong Resistance in Play – What’s Next?Welcome back! Let me know your thoughts in the comments!
** GBPAUD Analysis !
We recommend that you keep this pair on your watchlist and enter when the entry criteria of your strategy is met.
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GBPAUDWe can see that inverted head and shoulder which neckline has been broken. And we have just bounced off a strong H4 support which was resistance.
GBPAUD potential sell setup & updateAs per our last analysis on GBPAUD we are still Bullish on the pair, however, we are keen to see price break below the 4h low to look for buy opportunities, currently I am waiting for price to push up to my area of interest so I can look for selling opportunities to continue price lower where we will eventually be looking for buying opportunities.
Remember, Clear charts better vision
Bearish to Bullish Play for the Week on GbpAudAfter thorough analysis through each timeframe I have concluded that GA is Bullish on a Weekly Level after my Weekly Red Trendline broke for a 2nd time to the upside, with that in mind in the 1hr-4hr TF it has broke my blue trendline to the bearish side suggesting a possible retest to the Inbalance around 1.96700-1.96500, only way I would change my bearish outlook from current price is if we break thru 1.99200 to the bullish territory. If the sell plays out turning into a buy midweek closing the week out around 1.98500-1.99000 it would make a weekly doji building up for next weeks play.. BUT let’s see if we can catch this weeks play 1st lol.. may the markets be on our side !
GBPAUD 23.12.2024Price mitigated Weekly POI, give us bos to downside on 4H. Price hasn't mitigated 50 fib level of bearish move. I consider new HH as a liquidity to be taken out before price will go to mitigate Daily and Weekly FVG.
GBPAUD sell at 2.0085 with stop 2.0285 and TP at 1.9565 Fundamentally, expecting BoE cut in feb 2025 earlier than RBA in 2025 also price action looking overstretched for GBPAUD. Although mkt expecting 2 rate cut based on recent data but i still like to follow BoE Bailey already given a clear forward guidance 4 cut next year.
GBPAUD Bullish Trade Idea from 2.00381-2.0082GBPAUD Bullish Trade Idea
The price fell from the 2.02834 zone and hit back the 2.00381 zone, just respecting the recent support level.
Now the important question is: does the price just test back and wait for the confirmation candle over this zone to reach the next level?
In H4, the bear pressure will increase over time, and the volume increased with sentiments also showing that more volume on the buy side. and the major zone will be tested.
Key level: if the market breaks the support, then we must see at the 1.99567 zone, but on the other side, the Pound index is strong enough.
When the market breaks the 2.00820 level, put buy trade.
Buying zone: 2.00381 - 2.0082
Stop loss: 1.99778
Take Profit Level: 2.0158-2.02763
GBPAUDspike, three corrections, v-fromation, consolidation, and if I see a break out, I most likely enter a long trade with a tp 2
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
GBPAUD I Correction and more potential growthWelcome back! Let me know your thoughts in the comments!
** GBPAUD Analysis - Listen to video!
We recommend that you keep this pair on your watchlist and enter when the entry criteria of your strategy is met.
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GBPAUD-SELL strategy 12 hourly The pair is under pressure, and indicators are mainly negative. It is possible we may see a move towards 1.9550 in the medium-term.
Strategy SELL @ 1.9840-1.9880 and take profit near 1.9590.
Macroeconomic analysis, positioning, technical analysis. Short GHello everyone, today I want to share a trading idea that recently triggered my short entry.
The GBP/AUD pair is hovering near period highs not seen since 2020.
I think in the short term we might witness some pullback. Let’s analyze the situation.
MACROECONOMIC ANALYSIS
- Data
The latest data reflects a marked improvement in the Australian labor market, with the unemployment rate beating expectations. A rise to 4.2% was forecasted, but the figure dropped to 3.9%. This comes after the RBA decided to keep the reference rate unchanged, adopting a dovish tone compared to recent statements. It remains to be seen if this data could shift the narrative once again.
- Economic growth
The positioning and momentum on the pound indicate confidence that the economy could grow by 2025 or that inflation will remain stickier than expected. This affects the BOE’s monetary policy decisions. Interest rates have risen more than in other economies and are now at their peaks. On the other hand, the BOE recently adopted a dovish tone, suggesting the possibility of four rate cuts in 2025.
In a recent article, Goldman Sachs highlighted that the UK’s growth might underperform expectations. UK GDP is expected to grow by 1.2% in 2025, slower than the Bank of England's 1.5% projection and slightly below Bloomberg's consensus estimate of 1.3%. The team predicts growth of 0.4% in the first quarter of 2025 compared to the last quarter of 2024, with a slowdown to around 0.25–0.30% quarterly for the remainder of the year. They also foresee inflationary pressures easing through 2025, paving the way for deeper rate cuts than currently priced in by the market.
www.goldmansachs.com
- Interest rates
Interest rates in the UK have risen more than in other economies, reaching a peak of 4.6%, reflecting aggressive rate policies. Meanwhile, AUD/USD movements appear closely tied to Chinese rates, which are at historic lows, potentially priming for a rebound and, consequently, a recovery in the cross, due to potential stimulus measures for the Chinese economy.
POSITIONING
- COT (Commitment of Traders)
Let’s analyze the COT to check for extremes on either side.
www.tradingster.com .
Long positioning on the pound is at its highest since 2018, while for the Australian dollar, we are in negative territory after a decline. Momentum does not favor either currency, as traders are offloading or increasing short positions.
SEASONALITY
We are entering a period of strong negative seasonality for the pound, which typically tends to decline from the first week of December until the end of the month.
TECHNICAL ANALYSIS
From a chart perspective, the pair has just broken a dynamic trendline support on the 4H chart after a strong rally to period highs. The RSI clearly shows overbought conditions with bearish divergence.
Entry: Upon the break or retest of the trendline.
Stop Loss: Above the volume area signaling the break.
Take Profit: Near the volume area supporting the price.
Thanks for your attention!
GBPAUD FORECASTWhen I look the higher time frame, this pair is looking to have the higher probability to drop. The 4H timeframe has made me to look it with a close eye today. So guys let's wait and see how the market will play out
#USDAUD 1DAYUSDAUD Daily Analysis
The USDAUD pair is trading within an uptrend channel on the daily chart and is currently approaching the resistance line of the channel. This resistance area is a critical zone where selling pressure may emerge, making it a potential sell opportunity if the price shows signs of rejection.
Technical Outlook:
Pattern: Uptrend Channel and Resistance
Forecast: Bearish (Sell Opportunity)
Entry Strategy: Enter a sell position if the price confirms rejection at the resistance line with bearish price action signals.
Traders should monitor for reversal patterns, such as bearish engulfing candlesticks or indicators like RSI signaling overbought conditions. Proper risk management is essential, with stop-loss orders placed above the resistance line and profit targets set near the channel's midline or lower boundary.
GBPAUD Analysis And Next Market MovePair Name = GBPAUD
Timeframe = D1
Analysis = technical + fundamentals
Trend = Bullish
Details :-
GBPAUD has completed the retesting period. Now her getting a good volume. Expecting here 200 Pips + gain
GBP is getting stronger day by day. Getting good bounce from this support level.
Bullish Target:-
2.050
2.040
GBPAUD move lower to mid point of trendMacro trendline is bullish.
Alert placed around 1.99 for a short to 1.97 (200pips).
Id like to see a internal liquidity sweep inside the 4H FVG and well inside the premium zone.
Target would be 50% fib level and weekly support at 1.97. A break of this zone could see a deeper move to grab Liquidity at 1.95.
News this week will determine the size of the move..
GBP news
- unemployment rate
- PPI
- inflation rate
- interest rate decision
- retail sales (less important)
This is an idea only, do your own research.
Happy trading
GBPAUD SetupGBPAUD Currently Pair and I have Potential Bearish Setup.
Current Price 1.99100
1st Support 1.97600
2nd Support 1.95523
Price Rejection 1.99100 acts as strong resistance we Could see a move lower towards the 1st Support at 197600 A break Below then 2nd Support 1.95523
You Can See More Details In the Chart.
GBP/AUD 4H Timeframe AnalysisGBP/AUD 4H Timeframe Analysis
Trend Analysis:
In the 4H timeframe, the GBP/AUD pair is currently in an uptrend, characterized by the formation of higher highs and higher lows. Recently, an inverted hammer doji formed at the 2.00500 level, followed by a bearish candle, indicating a potential price reversal. This reversal led to a break of a minor key support level, which has now turned into minor key resistance. The price has retraced and is now approaching this minor key resistance again, suggesting a potential accumulation of sell orders.
Price Action Expectation:
We anticipate that if the price breaks above the minor key resistance, it may trigger a manipulation phase that could liquidate many seller stop-loss positions placed above this level. Our primary objective is to wait for the price to break below the minor key resistance before entering a sell position.
Trade Setup:
Trade Type: Sell Stop
Entry Price: 1.98440 (just below the minor key resistance)
Stop Loss: 1.98860 (positioned above the liquidity zone to protect against adverse movements)
Take Profit: 1.97170 (targeting the next key support level)
Fundamental Outlook:
Impact on GBP/AUD:
Key economic indicators from the UK and Australia will significantly influence the GBP/AUD pair. Factors such as interest rate decisions, employment data, and inflation rates can affect the strength of both currencies.
Positive Economic Data from the UK:
If the UK releases stronger-than-expected economic data, it may bolster the GBP, potentially leading to a failure to break below the minor key resistance and resulting in bullish momentum.
Negative Economic Data from Australia:
Conversely, if Australian economic indicators show weakness, it could lead to increased selling pressure on the AUD, supporting our bearish outlook for GBP/AUD.
GBPAUD - LONG!As simple as they come
Support level held at 1.9823
Ascending channel providing additional upward support for this pair
Wedge consolidation pattern with resistance line broken suggesting bullish continuation
Trade with the overall uptrend of this pair
