GBPAUDThe potential BUY scenario for the pair
The pair is under observation as it approaches the designated BUY zone on the chart.
GBPAUD trade ideas
Bearish Butterfly Pattern at 2.0287: Potential PullbackPEPPERSTONE:GBPAUD
The pair is currently forming a bearish butterfly pattern at the 2.0287 level, aligning with the 127% Fibonacci extension. This setup indicates a potential pullback toward the Fibonacci retracement levels, projected below 1.9850. This scenario implies a retest of the weekly fractal resistance, broken at 1.9884.
Bearish butterfly pattern forming at the 2.0287 level.
Suggests a potential pullback;
Pullback target: Fibonacci retracement levels below 1.9850.
Potential retest of weekly fractal resistance at 1.9884.
Signs of bearish divergence emerging on the RSI.
Note: Ensure proper risk adjustments and capital protection by setting stop-loss orders and managing position sizes accordingly to mitigate potential downside risk.
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
GBPAUD-SELL strategy 3 hourly chart GANN SQI underestimated the move upwards, but as they say, if one manages for value, scaling in and managing leverage is the key to ensure we create the opportunities. There are different methods, but valuation is the key. I hope it has not become to harsh on any of you, as these markets take everyone to the cleaners, if not careful.
Back to business, we are way overextended across the board and stochastic, RSI and we are now in a corrective wave as well, suggest we see first return near 2.0100 again.
Strategy SELL @ 2.0200-2.0250 and take profit near 2.0095 - 2.0110 window.
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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Sell OpportunitySignal: Sell
Instrument: GBP/AUD (British Pound / Australian Dollar)
Timeframe: 4-Hour Chart
Entry Price: 2.01168 (current price level)
Stop Loss: 2.02085 (above recent high resistance, ~91.7 pips)
Take Profit: 1.95160 (target zone, ~600+ pips)
Risk-Reward Ratio: 6.64 (high reward relative to risk)
Technical Analysis:
Resistance Rejection:
The price has reached strong resistance near 2.02085 and shows signs of rejection, creating a bearish opportunity.
Volume Profile:
The volume profile indicates high volume at lower levels, suggesting a potential return toward equilibrium around the 1.97968 and 1.95140 zones.
Support Levels:
The target aligns with historical support zones around 1.95140, where price consolidation has occurred before.
Risk/Reward Ratio:
The setup has a favorable risk-reward ratio of 6.64, making it a high-probability trade.
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.
#002 NEW2 DCA GBPAUD UP TREND5D range, higher high higher low, strongest trending pairs.
I think I would DCA if price goes against me, but then there would be another new problem, when is too much dca too much and when should we say its too much and cut loss?
I'll need help Mr. Nick Shawn.
1725SGT 18122024
#GBPAUD 1DAYGBPAUD Daily Analysis
The GBPAUD pair is trading near the resistance line of an uptrend channel on the daily chart, suggesting a potential reversal or correction from this level. The channel resistance indicates strong selling pressure, making it a key area to watch for bearish setups.
Technical Outlook:
Pattern: Uptrend Channel Resistance
Forecast: Bearish (Sell Opportunity)
Entry Strategy: Enter a sell position if the price confirms rejection at the channel resistance through bearish price action signals, such as a bearish engulfing candlestick or a double top pattern.
Traders should use indicators like RSI to check for overbought conditions or MACD for divergence that signals weakening bullish momentum. Apply proper risk management by placing stop-loss orders above the channel resistance and setting profit targets at key support levels within the channel.
18.12.24 Morning ForecastPairs on Watch -
FX:EURNZD
FX:EURAUD
FX:GBPAUD
A short overview of the instruments I am looking at for today, multi-timeframe analysis down to what I will be looking at for an entry. Enjoy!
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.
Weekly CLS, HTF OB, Liquidity Stop Hunt, model 2Weekly CLS, HTF liquidity Stop Hunt, model 2
you are welcome to comment with your thoughts and share your charts or questions below, I like any constructive discussion.
What is CLS?
This company is trading for the biggest investment banks and central banks. They trade over 6.5 trillion daily volume. They are smart money of the all markets.
CLS operates in the specific times which will give you huge advantage and precisions to you entries. Focus on that. Its accuracy is amazing.
Good luck and I hope this educational post helps to become better trader
“Adapt what is useful, reject what is useless, and add what is specifically your own.”
Dave FX Hunter ⚔
GBPAUD-SELL strategy 3 hourly chartThe pair is currently overbought, and this on both RSI and MFI. We should move lower (likely a wave 2) to somewhere 1.9995 area before up again.
Strategy SELL current 2.0080-2.0120 and take profit near 2.0000.
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 should start to fall soon!What I see!
Looking for Impulse Down!
GbpAud touched the critical level. It might start to reverse soon. Make sure you have your own rules on RR and follow them. This is just a trading idea to help you/ give better knowledge. If you have any question ask me in comments.
Learn & Earn!
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
GBP/AUD BEARISH BIAS RIGHT NOW| SHORT
Hello, Friends!
GBP/AUD pair is trading in a local downtrend which is red. On the 9H timeframe the pair is going up. The pair is overbought because the price is close to the upper band of the BB indicator. So we are looking to sell the pair with the upper BB line acting as resistance. The next target is 1.969 area.
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Update levels on GBPAUD 11.12.24According to the previous analysis, a lot has changed, although we can still consider the top as a double top, but the whole formation seems to be more of a head and shoulders. I am currently following two long scenarios, in case the price breaks through or holds 1.960000, if it falls below 1.928963, then I would start thinking about a short position with a target below we have enough of them so we'll see
GBP/AUD "Pound vs Aussie" Forex Market Bullish Heist Plan🌟Hi! Hola! Ola! Bonjour! Hallo!🌟
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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 SHORTSWeekly : price is reaching a resistance that has not been broken since March 20' with this being the third attempt since then.
Daily : price is rejecting for the third time level of resistance at 2.01000
4h : bullish structure. Now rejecting from round psych level.
1h : I am expecting price to continue its move down, breaking and creating previous/new lower low at 2.00000 which is also an interesting round psych level.
#005 NEW DCA GBPAUD SHORT @ Major ResistanceShort limit triggered at impulse wave (rejection of major resistance level).
If price were to reverse back towards the major resistance level, I have another sell limit order there.
Shall see what's going to happen next.
Positions will be shown in the update below.
1717SGT 12122024
