GBPAUD - Double Bottom Pattern - 24/04/2024GBPAUD has been trading in strong Bearish Trend, however divergence has been observed, followed by a Double Bottom Pattern, which further confirms a reversal in trend. Trade Call: Long Entry: 1.92251 SL: 1.90842 TP1: 1.93651 TP2: 1.95051Longby WaqasWasi3
Long Opportunity Unfolding on GBPAUDLong Opportunity Unfolding on GBPAUD. Let's see where it goes. Longby ContrarianTrades0
DeGRAM | GBPAUD has reached resistanceGBPAUD has reached the resistance level. The chart has been growing for a long time without pullbacks. We think that there will be a price pullback to the 38% retracement level. ------------------- Share your opinion in the comments, and support the idea with a like. Thanks for your support!Shortby DeGRAMUpdated 117
gbpaud sell tradeBased on the latest technical analysis for the GBP/AUD H4 (4-hour) chart, here's a bearish perspective: *Moving Averages:* - The *Simple Moving Averages (SMAs)* and *Exponential Moving Averages (EMAs)* are indicating a bearish trend with the price below key moving averages. - A *death cross* may be forming, where a longer-term moving average crosses above a shorter-term one, suggesting downward momentum. *Oscillators:* - The *Relative Strength Index (RSI)* is below 50, which typically indicates bearish momentum¹. - The *Stochastic Oscillator* is signaling a potential downward move as it approaches overbought territory¹. *Support and Resistance Levels:* - The price has recently failed to break above a significant resistance level, indicating a lack of buying pressure. - There may be a formation of lower highs, which is a classic bearish signal. *Volume:* - Trading volume is decreasing on upswings and increasing on downswings, which often signifies a strong bearish sentiment. *Candlestick Patterns:* - Recent candlestick formations suggest distribution by bears, with patterns such as the 'Bearish Engulfing' and 'Shooting Star' indicating potential reversals to the downside. *Fibonacci Retracement:* - The price is struggling to stay above the 0.618 Fibonacci retracement level, a common reversal zone, hinting at a possible downward movement. *Overall Sentiment:* - The aggregate sentiment from technical indicators points towards a bearish outlook for GBP/AUD on the H4 chart. Please note that this analysis is based on current chart patterns and indicators, and the forex market is highly volatile. It's important to do your own research and consider multiple sources of information before making any trading decisions. This analysis does not constitute investment advice.Shortby Mansa_Musa_Capital2
GBPAUD HAS PLAYED OUT AS I PREDICTED GBPAUD with the strategy for currencies is giving like never before, just like that the strategy is on fire and money is comingShortby Themba_PM2
GBPAUD Long Trade Setup A #long trade opportunity recently presented itself on the #poundaussie (#GBPAUD) #trading chart 📈. This is indicated by the #bullish engulfing candlestick 🕯️ pattern just above the 1.91028 horizontal support level. This indicates a rejection of the same level, with potential price move in the upward ⬆️ direction (#buy). Sufficient upward momentum should see price rallying towards the 1.95000 psychological level and possibly testing the strength of the 1.95193 horizontal resistance level. As always, please apply appropriate risk management. Happy trading! #crosspairLongby charles-okoukoni221
GBPAUD: Short term bullish trade.GBPAUD is practically neutral on its 1D technical outlook (RSI = 44.487, MACD = -0.002, ADX = 28.797) as the LL leg of the Channel Down was negated by the Double Bottom that was formed today. The 1D RSI turned upwards on a HL trendline and this is a short term bullish call, targeting the top of the pattern (TP = 1.94000). See how our prior idea has worked out: ## If you like our free content follow our profile to get more daily ideas. ## ## Comments and likes are greatly appreciated. ##Longby InvestingScope6
GBP AUDLong Idea Daily FVG Structure Idea: Gbp Aud 📈 BUY MARKET Price zone 1.92110- 1.92300 TP1: 1.92600 Tp2: 1.93980 SL: 1.91820Longby teriforexpremiumUpdated 9
GBPAUD long movePrice had broken a resistance level i expect a retest and then move upsideLongby OCBE-FX1
GBPUSD - BUYReason to Buy 1. Bullish RSI Divergence at 4H TF. 2. Bullish Engulfing Candle. 3. Taking Support from Horizontal Support Area. Longby aliejaz732111
GBP/AUD Best 2 Places To Buy And Get 250 Pips At Least !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.Long01:36by FX_Elite_Club226
GBPAUD Is Going Up! Buy! Here is our detailed technical review for GBPAUD. Time Frame: 2h Current Trend: Bullish Sentiment: Oversold (based on 7-period RSI) Forecast: Bullish The market is testing a major horizontal structure 1.919. Taking into consideration the structure & trend analysis, I believe that the market will reach 1.930 level soon. P.S The term oversold refers to a condition where an asset has traded lower in price and has the potential for a price bounce. Overbought refers to market scenarios where the instrument is traded considerably higher than its fair value. Overvaluation is caused by market sentiments when there is positive news. Like and subscribe and comment my ideas if you enjoy them!Longby SignalProvider113
GBPAUD → Trade Analysis | SELL SetupHello Traders, here is the full analysis. I think we can soon see more fall from this range! GOOD LUCK! Great SELL opportunity GBPAUD I still did my best and this is the most likely count for me at the moment. Support the idea with like and follow my profile TO SEE MORE. Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad 🤝 Patience is the If You Have Any Question, Feel Free To Ask 🤗 Just follow chart with idea and analysis and when you are ready come in THE GROVE | VIP GROUP, earn more and safe, wait for the signal at the right moment and make money with us💰Shortby TheGroveUpdated 559
GBP-AUD Will Go UP! Buy! Hello,Traders! GBP-AUD went down sharply And the pair is locally oversold So as we are already seeing a Bullish rebound from the Horizontal support level of 1.911 A further move up is to be expected Buy Like, comment and subscribe to help us grow! Check out other forecasts below too!Longby TopTradingSignals113
GBPAUD: Possible BuyExpecting a pullback around this level after a strong move into the area.Longby M0_BTCUpdated 221
↑ GBP/AUD, the only way is upHello traders, and happy Monday! :) This setup shows great potential to gain bullish momentum, as the overall higher-time trend is bullish. Currently, it sits on monthly support, and on a weekly basis, the price hasn't broken through the moving averages. Additionally, the average volatility, based on the 7-day and 30-day periods, is overextended, suggesting a shift in market direction. Furthermore, the setup is oversold on multiple time frames, which further reinforces a bullish outlook.Longby fxtraderkristina4
GBP AUD - PRICE BACK TO SUPPORT ZONE TO FILL LIQUIDITYHERE we can see that price already in a up trend we got an break out wait for the retest after that make a short entry, as shown in the picture follow for more updates... Shortby FOREX_TRADER_007Updated 3
GBPAUD 30 M SELLS.Entry Taken During London Session. 1. Fibonacci Downtrend Move Setup. 2. Entry Taken on The New LH Formed. 3. Entry Taken at 30 M Break Of Lows.Shortby singhsaharsha941
GBPAUD - Downside Range BreakoutI've been monitoring this pair for quite some time as its been ranging since February of this year. After a failed breakout attempt in early April, it looks like price is making another attempt at this week's open. I don't really have a strong directional bias with this pair as it's been in quite a whipsaw pattern for the past couple of months. I'd drop down to the hourly timeframe to plan out my entry and a strong move to 2x ATR would be a good closure target.Shortby FinancialGamblR2
GBPAUD- PRE-OPEN IDEAS.GBPAUD- PRE-OPEN IDEAS. Possible buy if bullish open. Currently ranging and slow open could produce opportunities on 200 EMA (D).by Famopus0
Gbpaud bearish biasHead and shoulder set up at the minor quarter point price. Wait for any retracement before entering the sell . Preferably at a demand turn into supply zone on the 4hr timeframe (tf) .Shortby projectiwill1
GBPAUD GIVING BEARSAs for GBPAUD, we might be looking for a retest, and then the market will be giving bears at the high momentum as for the news event on April 24, 2024 (consumer prices account for a majority of overall inflation). Inflation is important to currency valuation because rising prices lead the central bank to raise interest rates out of respect for their inflation containment mandate) Derived Via: The average price of various goods and services are sampled and then compared to the previous sampling (Acro Expand: Consumer Price Index (CPI)) The movement will take place inside the trend and go towards the PSTGShortby Themba_PM224