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British Pound / Australian Dollar

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GBPAUD trade ideas

Pound Down Under: Will the FVG Hold or Flip? - GBPAUDThe GBPAUD chart showcases intriguing price action with a potential bearish setup. Following the raid on higher time frame (HTF) buyside liquidity (weekly), price has displaced lower, signaling a short-term bearish bias. On the daily timeframe, price has formed a high-probability FVG after raiding a short-term low. This FVG becomes a key level to watch: -Scenario 1: If price respects the FVG, expect continuation to the downside, targeting sell-side liquidity levels at 1.98994 and 1.97929. -Scenario 2: If the FVG is disrespected and used as an Inverse Fair Value Gap (IFVG), anticipate a bullish reversal, potentially pushing price higher. Conclusion: Short-term bearish bias targeting sell-side liquidity zones. Monitor the FVG closely for confirmation or invalidation. DYOR!
Short
by INSIDER_INTEL
GBPAUDThe GBP Retail Sales m/m data coming in at greater than 0.4%, beating expectations of 0.4 is a positive indicator for the British economy. This suggests that consumer spending is holding up, despite concerns about inflation and economic uncertainty As a result, we can expect the British Pound Sterling (GBP) to strengthen against other currencies. A strong retail sales report typically boosts the currency, as it indicates a healthy economy and increased consumer confidence. Here are some potential implications for the GBP: - Increased Demand: A strong retail sales report may lead to increased demand for the GBP, driving up its value against other currencies. - Improved Economic Outlook: The positive data may lead to an improved economic outlook for the UK, which could support the GBP in the long term. - Potential Rate Hikes: A strong economy, as indicated by the retail sales data, may lead to potential rate hikes by the Bank of England, which could further strengthen the GBP. Keep in mind that market conditions can change rapidly, and other economic indicators may influence the GBP's value. However, for now, the strong retail sales data is a positive sign for the British Pound Sterling. on a flip side below expectation will be a sell time for GBPAUD
by Shavyfxhub
GBPAUD OUTLOOKThe 12 month chart shows price reacting from a strong demand zone though the price is yet to contact the unmitigated supply at 2.4 price handle. On the monthly chart, price has created a bearish order flow indicating seller pushed price to the identified 12-month demand zone at 1.44 price handle. The internal structure on the monthly charts shows price struggling to create new highs, indicating bears are still in control of this market. On the weekly charts, the market structure shows a short term bullish correction within a larger bearish swing structure. We have several bearish change of characters indicating bears are still controlling this market. Presently, price has formed higher highs and is correcting targeting the unmitigated zone at 1.89. If price pushes further below 1.85, we will have confirmation of bearish market structure targeting the 1.71 price handle. The Daily chart confirms bearish order flow, we will wait for bullish price correction thereafter place our sell limits targeting the unmitigated demand on the weekly chart.
by morrisgitau
Potential bullish reversal?GBP/AUD is falling towards the pivot which has been identified as a pullback support and could bounce to the pullback resistance. Pivot: 1.9649 1st Support: 1.9486 1st Resistance: 1.9816 Risk Warning: Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Forex and CFDs may not be suitable for all investors, so please ensure that you fully understand the risks involved and seek independent advice if necessary. Disclaimer: The above opinions given constitute general market commentary, and do not constitute the opinion or advice of IC Markets or any form of personal or investment advice. Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, are intended only to be informative, is not an advice nor a recommendation, nor research, or a record of our trading prices, or an offer of, or solicitation for a transaction in any financial instrument and thus should not be treated as such. The information provided does not involve any specific investment objectives, financial situation and needs of any specific person who may receive it. Please be aware, that past performance is not a reliable indicator of future performance and/or results. Past Performance or Forward-looking scenarios based upon the reasonable beliefs of the third-party provider are not a guarantee of future performance. Actual results may differ materially from those anticipated in forward-looking or past performance statements. IC Markets makes no representation or warranty and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast or any information supplied by any third-party.
Long
by ICmarkets
1
GBPAUDGBPAUD's outlook for today seems bearish, after testing 1.97436 a break of structure the price is seen going down with a potential decline to 1.96619 before 4 hr break of structure provided the buy demand structure we are predicting a bearish continuation after a retest of a recently broken daily horizontal support at 1.97230 with a double top pattern on an hourly time frame confirming this outlook However, GBPAUD may resume its upward movement from a major support level, potentially targeting the roof of the descending bearish channel. we hope the demand floor potential can sustain the 4hr buy. nice buy idea running in 30pips
by Shavyfxhub
GBPAUD MARKET ANALYSIS AND PRICE PREDICTIONGBPAUD, is currently going downward and will soon fill up an imbalance and mitigate an Order Block at Institutional Renegotiation Zone at 75% discount Price. Price will Consolidate at that zone and decision will be taken in favor of the Bulls again. Market will break a structure upward and first take profit will be the FVG , and second take profit will be the renegotiation resistance to sweep off the Buyside liquidity. Entry, Take Profit 1&2 and stop loss are clearly stated on the chat. GOOD LUCK GUYS! Trading System => PRORARP
Long
by Akpambang
1
GBP/AUD 4H Timeframe AnalysisGBP/AUD 4H Timeframe Analysis Trend Analysis On the 4-hour timeframe, GBP/AUD is currently in a downtrend, consistently forming new lower lows following previous highs. The price recently broke below the first minor key support at 1.9900, retested this level, and is now moving toward the next minor key support at 1.97800. However, the price has not yet managed to decisively break this support level. Price Action Expectation: Our objective is to wait for a clear breakout at 1.97800 minor key support. Wait for price to Accumulating sellers' orders within the current Accumulation area. Monitoring for a retracement where the price moves upward, breaks the minor key resistance, and reaches the liquidity zone, triggering the liquidation of sellers' stop-loss orders. After liquidity is cleared, we will look for the price to break back below the minor key support at 1.97800, confirming bearish momentum. Trade Setup Trade Type: Sell Stop (Breakout Trade) Entry: 1.97580 (on confirmation of a break below minor key support) Stop Loss: 1.98440 (within the liquidity zone to account for false breakouts) Take Profit: 1.95750 (next significant support level) This setup requires patience and discipline, as we need to wait for the price to fulfill all conditions before our entry is triggered. If the price fails to break the accumulation area and moves upward into the liquidity zone, our setup will remain safe. Conclusion: GBP/AUD is exhibiting a bearish continuation pattern, but the price needs to clearly break below 1.97800 for confirmation. The strategy emphasizes patience in waiting for the ideal entry point, as well as a disciplined approach to managing risk within the liquidity zone. Risk Management: Adopt a 1:2 risk-to-reward ratio, ensuring your position size aligns with your account equity. Monitor price action closely, especially around the 1.97800 support and the liquidity zone, to validate the setup. If the breakout conditions aren't met, avoid forcing the trade and reassess market structure. Financial Advice Trading involves significant risks and is not suitable for all investors. Always ensure you: Understand the market and the risks involved. Only trade with capital you can afford to lose. Diversify your investments to avoid overexposure to a single trade or market. Seek advice from a financial professional if you're unsure about any trading decision
Short
by RebornFXTrader