GBPAUD is showing reversal GBPAUD formed triple top on one hour time frame, also it shows rsi bearish divergence which is indication of reversal price has printed lower high,short sell is recommended.
GBPAUD trade ideas
GBPAUD The Target Is DOWN! SELL!
My dear friends,
Please, find my technical outlook for GBPAUD below:
The instrument tests an important psychological level 1.9448
Bias - Bearish
Technical Indicators: Supper Trend gives a precise Bearish signal, while Pivot Point HL predicts price changes and potential reversals in the market.
Target - 1.9353
Recommended Stop Loss - 1.9507
About Used Indicators:
Super-trend indicator is more useful in trending markets where there are clear uptrends and downtrends in price.
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WISH YOU ALL LUCK
#GBP/AUD 1HThe **GBP/AUD** 1-hour chart is displaying a **channel pattern**, where price is moving between parallel support and resistance levels. This is indicative of a market in a range-bound state, with the price respecting both the upper (resistance) and lower (support) boundaries of the channel.
### Forecast: Sell When Touching Resistance
In this scenario, the forecast is to initiate a **sell position** when the price reaches the upper boundary (resistance) of the channel. The key elements to consider for this setup are:
1. **Channel Structure**: The price is consistently oscillating between a well-defined resistance and support zone. The resistance level represents a strong selling zone where price struggles to break through.
2. **Trend and Momentum**: Momentum tends to weaken when the price approaches resistance, leading to reversals back toward the support line. This offers a potential short-selling opportunity.
3. **Risk Management**: A stop-loss order should be placed just above the resistance level in case of a breakout, while profit targets can be set near the lower boundary (support).
It’s essential to confirm the sell signal by observing price action near resistance and looking for reversal patterns, such as bearish candlestick formations, or divergences in momentum indicators.
GBPAUD SELL Gbpaud made a breakout out of our consolidation zone, i expect a move to the downside
Target: 1.92457
Target 2: 1.91351
#GBPAUD 1HOn the GBP/AUD 1-hour chart, the price is currently testing a channel resistance level. This resistance is part of a parallel channel where the price has been moving between support and resistance lines. The channel resistance marks an area where sellers typically emerge, halting further upward movement and pushing the price lower.
Forecast: Sell
A sell opportunity is anticipated as the price approaches the upper boundary of the channel. Traders may consider entering a short position if the price is rejected from this resistance line, with a potential downside move towards the channel's support level. It's crucial to wait for confirmation of rejection at the resistance before executing the trade to avoid false breakouts.
GBPAUD: Detailed Technical OutlookThe GBPAUD is currently testing a trend line and horizontal structure that was recently breached.
On the 4-hour chart, the market is consolidating within a horizontal range. I will wait for a break above the resistance to confirm a strong bullish move.
A close above 1.9490 will validate this breakout, and if it occurs, I anticipate the price could rise to at least 1.9580.
Conversely, a break below the support of the range may lead to lower prices.
GBPAUD: Detailed Technical OutlookThe GBPAUD is currently testing a trend line and horizontal structure that was recently broken.
On the 4-hour chart, the market is consolidating within a horizontal range. I will wait for a break above the resistance in order to confirm a strong bullish move.
A close above 1.9490 will confirm this break. If this happens, I expect the price to move up to at least 1.9580.
On the other hand, a break below the support of the range could lead to lower prices.
GBPAUD View!!For now, with inflation hovering above target, the BoE is likely to hold to its relatively hawkish narrative and remain on a slower rate cut pace.
However, if inflation moves lower, as Bailey noted, a faster pace of cuts would likely put considerable downward pressure on GBP/USD, stirring a further reduction in net spec longs (1096742NNET).
GBPAUD LongChange of bias going long, price did push down but failed to go lower I think momentum will continue to push price higher it is reacting from 4h demand but I don't its ready to push down yet.
GBPAUD ShortGetting a reaction from the 4H time frame supply I am expecting a bearish 4H candle here soon I think there will be a range created here soon for next week to have more liquidity on both ends.
G/A is bearishI am waiting for the right patterns to form that will give signs of bearish move.
Happy trading.
Weekly Pivot (07-12)The weekly pivot includes key support and resistance levels calculated based on last week's price data. Crossing above the mid-pivots can increase the likelihood of the current trend strengthening.
Price movement above the pivots: Indicates a strengthening bullish trend and the potential for continuation.
Price movement below the pivots: May indicate selling pressure and a weakening bullish trend.
GBPAUD - 4hrs ( Buy Trade Target Range 240 PIP ) 🟢 Pair Name : GBP/AUD
Time Frame : 4hrs Chart / Close
Scale Type : Large Scale
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spreading knowledge among us and to clarify the most importan+t points of entry, exit and entry with more than 5 reasons
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🟢 Key Technical / Direction ( Long / After Retest )
Type : Mid Term Swing
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Bullish Retest
1.93250 Area
Reasons
- Major Turn level
- Visible Range Hvn
- Choch Zone
- Fibo Golden Zone
- Month Low Area
Bearish Reversal
1.95650 Area
Reasons
- Major Turn level / M
- Visible Range Hvn
- Choch Area
- Quarter's High
- Month High
GBPAUD: Intraday Bullish ReversalGBPAUD reached a key support level on Friday and subsequently formed an inverted head and shoulders pattern, resulting in a bounce and a break above a descending trend line.
This signals strong buying momentum and implies that the market may continue to rise.
The next resistance level to monitor is at 1.9424.
GBPAUD: Intraday Bullish Reversal📈GBPAUD hit a significant level of support on Friday and then formed an inverted head and shoulders pattern, leading to a bounce and a break of a descending trend line.
This indicates strong buying pressure and suggests that the market could continue to rise.
The next resistance level to watch for is at 1.9424.
Fundamental update/ GBPAUD short analysis from 10/3/24Hello All,
this video covers our recent fundamental developments as well as our missed sentiment for a short on GBPAUD.
GBPAUD has been in a downtrend ?GBPAUD has been in a downtrend, with the recent drop starting from 1.93. However, the price has recently recovered past this resistance level, with the key point for momentum shift at 1.91. Based on this, I believe the market is about to reverse and could potentially return to previous highs. If a buy position is taken at the current level, the risk-to-reward ratio could reach 3:1.
This is the simplest one-time entry method. However, if it were me, I would add to my position daily until I reached an appropriate level. Afterward, I would use automated tools to achieve a 2:1 or 3:1 risk-to-reward ratio with a trailing stop to maximize gains during market fluctuations.
The key to trading lies in having an effective system and strategy. If you don’t have one yet, you are welcome to join us and learn more about the framework trading system we are using.
GBPAUD: One More Pullback Trade 🇬🇧🇦🇺
I see one more, potentially profitable pullback trade on GBPAUD.
The price formed a double top pattern on a key daily/intraday resistance
and successfully violated its neckline.
We see its retest at the moment.
The pair may retrace to 1.926 level.
❤️Please, support my work with like, thank you!❤️
GBPAUD LONGGBPAUD is forming a H & S pattern, the weekly resistance level 1.92000 was unable to break, i expect a retest to that level before buying or wait for a break in the H&S neckline. Have a good trading week♥️
GBP_AUD RISKY SHORT|
✅GBP_AUD is approaching a supply level of 1.9350
So according to our strategy
We will be looking for the signs of the reversal in the trend
To jump onto the bullish bandwagon just on time to get the best
Risk reward ratio for us
SHORT🔥
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