GBPAUD SCALPING LONG TRADEWait for a retracement, currently pending a confirmation that confirms we can enter a long trade to scalp some profits.
GBPAUD trade ideas
Lingrid | GBPAUD counter TREND trading OPPORTUNITYThe price perfectly fulfills my last idea and reached support level. The market is approaching the March high, a key resistance area where the price has bounced off in the past. I expect that if the resistance rejects the price again, it may lead to a pullback down to test the support level. This could manifest as a double top or bearish divergence, indicating a potential reversal. In anticipation of this short-term pullback, I'm looking for a counter-trend opportunity to enter at the resistance zone and channel border, setting up for a potential entry point. My goal is to support level at 1.93570
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sell opportunityThe GBPAUD pair presents an enticing sell opportunity at the current price of 1.94991, with favorable potential for profit.
Targets:
Primary Target: 1.93570
Secondary Target: 1.91400
Breakout Scenario: 1.92638
In the event of a breach above the resistance level of 1.95688, indicative of a bullish breakout, the target price is anticipated to ascend towards 1.9700.
Technical analysis indicates a notable selling sentiment prevailing in the market at the present price level.
Fundamental factors align with the proposed sell strategy, suggesting downward pressure on the GBPAUD pair.
Prudent risk management measures should be employed to mitigate exposure to potential adverse market movements.
Disclaimer: This analysis is provided based on current market conditions and historical price data. Traders are advised to conduct independent research and exercise caution, employing appropriate risk management techniques, before executing any trading decisions.
GBPAUD Simple Trading PlansGBPAUD has rallied significantly on continued pound strength/near term sentiment. Important UK data comes this week which may change sentiment / momentum direction.
Short side preferred on value, See Stoch, distance from MA's.
Long term sentiment case still fits falls / long term downtrend (slower RBA easing cycle).
GBP/AUD stretched and nearing known reversal area GBP/AUD is rarely as overbought as it is right now. And when it has been this overbought in the recent past, it’s usually coincided with a near-term top. It’s also fast approaching 1.9500, a level that has been akin to poison for longs throughout 2024. Combined, it has me on alert for a potential topping signal, providing the catalyst to establish shorts with favourable risk-reward.
It’s clear the bulls are in control right now. But should we see a topping pattern – be it a bearish pin, tombstone doji or similar – the tale of the recent tape suggests getting short could prove fruitful. But wait for the appropriate signal before doing so.
Those considering taking on the trade could place a stop above 1.9570 for protection. Potential targets include 1.93493, the former downtrend just below 1.9300 or 1.9250.
DS
GBP_AUD RESISTANCE AHEAD|SHORT|
✅GBP_AUD is going up to retest a horizontal resistance of 1.9571
Which makes me locally bearish biased
And I think that we will see a pullback
And a move down from the level
Towards the target below at 1.9459
SHORT🔥
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GBPaud analysis elliot Update. Don't forget about stop-loss.
Write in the comments all your questions and instruments analysis of which you want to see.
Friends, push the like button, write a comment, and share with your mates - that would be the best THANK YOU.
P.S. I personally will open entry if the price will show it according to my strategy.
Always make your analysis before a trade
GBPAUD – 2 touches … the week of 22 July, 2024Once again, this pair is moving sideways between 1.9320 and 1.8910. Two touches on either side defines a valid range that can be traded and I will set a pending short trade near the top with target near the bottom of the range. I just want to capture about 75% of the down move if it happens.
This is not a trade recommendation, it is just my analysis.
You should be aware that trading carries a high level of risk, so only trade with money you can afford to lose. Please use sound money and risk management if/when you trade.
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GBPAUD UPDATESo GA has climbed another 160pips +
And taken out take profit 2...
This set up is also completed in my eyes.
But for banter I will keep my eyes on it and expect it to hit TP3.
This was a fun set up.
gbpaud analysis elliot. Don't forget about stop-loss.
Write in the comments all your questions and instruments analysis of which you want to see.
Friends, push the like button, write a comment, and share with your mates - that would be the best THANK YOU.
P.S. I personally will open entry if the price will show it according to my strategy.
Always make your analysis before a trade
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Long trade
RR 9.65
Buyside
30min TF
Entry 1.92894
Profit level 1.94341 (0.75%)
Stop level 1.92744 (0.15%)
BULLISH CONTINUATIONPrice is in an up trend as it was shown from our previous posts, we think that we are done with wave 3 and now entering the wave 4 correction as per the Elliott Wave Guidelines. Let's expect a little pull back and there after proceed with the up movement.
For another entry to join the movement, we wait and confirm as to what kind of structure is the correction, we're expecting a Simple Zig Zag as a variation. Nothing is confirmed yet, we wait for the market to unfold.
Could this be a potential trap for bears?? If we look at the chart we are seeing a potential trap for those who are already selling. The pattern seems like to be building momentum for a bullish continuation trend to the upside. Remember if we look at the chart the long term trend is bullish .I believe maybe we might see a continuation of the bullish bias. The only time I'm only willing to sell is when the price breaks below my marked demand zone. If my demand zone is broken that would likely see a very strong bearish trend but as it stands buyers are still in control.
GBPAUD - Waiting for more confirmations to shortTaking a look at the daily timeframe, I'm still not convinced now is the time to sell. But in the event price action does close below the previous candle on the daily tf, I'll then look for a possible sell. My idea is chalked up on the chart of what I'm looking for. If this doesn't happen - no trade.
Please note that this is not a complete trade plan, this is just some prep work
GBPAUD BUY 15 MIN TIMEFRAMEOverall trend is an uptrend. Candlestick trend break of structure to upside now. Expecting liquidity grab and entry at demand zone (1.92690). Targeting supply zone that has left a big imbalance (1.93430)
GBPAUD ShortThe overall trend for this pair is actually on the bullish side but currently looking out for some day trading short opportunities, entries possibilities represented by those two lines drawn in green. This is not a financial advice to anyone, this is just my take on this particular pair.
GBP/AUD FORECASTWith excessive number of pairs to analyse miss outs such as these are normal.
We have been anticipating a market turn around at the last pip however we have missed our entry.
We may still sell this pair at market execution
SL at own risk
TP at 1.90700
Please be advised that our markets forecast a merely a forecast of what may be anticipated in the market and do not guarantee any success in trading.
Trade with caution and use proper risk management.
GBP/AUD Giving Amazing Bearish P.A , Short Setup Valid !This Is An Educational + Analytic Content That Will Teach Why And How To Enter A Trade
Make Sure You Watch The Price Action Closely In Each Analysis As This Is A Very Important Part Of Our Method
Disclaimer : This Analysis Can Change At Anytime Without Notice And It Is Only For The Purpose Of Assisting Traders To Make Independent Investments Decisions.
