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GBPAUD trade ideas

Lingrid | GBPAUD pullback Towards BEARISH ContinuationThe price perfectly fulfilled my previous idea. It hit the target zone. FX:GBPAUD is currently making lower lows, which indicates a prevailing bearish momentum. The recent price action shows that it broke and closed below the consolidation zone, further reinforcing the bearish outlook. Additionally, the price tested the resistance zone twice before breaking through, highlighting the significance of that level. Therefore, I expect the market to pull back toward the resistance zone before continuing its bearish movement. This pullback could provide a good opportunity for sellers to re-enter positions, anticipating further downward pressure. My goal is support zone around 1.94295 Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad 👩‍💻
Short
by Lingrid
6
Bearish drop?GBP/AUD is rising towards the pivot which has been identified as an overlap resistance and could drop to the 1st support which is a pullback support. Pivot: 1.95584 1st Support: 1.94410 1st Resistance: 1.96411 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.
Short
by ICmarkets
GBPAUD Mean Reversion SellingI call it all as mean reversion because we are a flying piece of rock transiting through space to nowhere, and price is the same. There's no real anchor in price beside the anchor in the minds of the collective, and market movers. Based on the current price action, we can see that price is somewhat overbought, not 100%, and price has made a reversal candle (based on experience). Even though I did set TP and SL, but I am not expecting to hold it to the end, and instead, I am just testing the boundaries and possibilities, and I would exit at any time. Currently, price is reverting back to the 20EMA and I would consider the 20EMA as the mean price anchor of the current collective and market movers.
Short
by ProfessionalDuckHunter
GBPAUD: Support in Focus – Will Support Hold or Lead to a Drop?GBPAUD is currently at 1.9630, and there's an important support level at 1.9587. We have two possible scenarios to watch for: If the price holds above 1.9587: This could be a sign that the price will move higher. If it stays above the support, we could see it rise to around 1.9693. If the price breaks below 1.9587: If it goes below the support level, then we might see the price drop further, possibly down to the trendline support, which is between 1.9520 and 1.9500. So, watch how the price reacts around 1.9587. If it holds, we might see a move up to 1.9693. But if it breaks, the price could drop towards 1.9520 and 1.9500.
by FXTradingAnalysis
1
GBP/AUD H1 | Bearish momentum to accelerate?GBP/AUD has broken below an overlap support and the bearish momentum could potentially cause the price to drop lower. Sell entry is at MARKET. Stop loss is at 1.9560 which is a level that sits above a pullback resistance. Take profit is at 1.9447 which is a swing-low support. High Risk Investment Warning Trading Forex/CFDs on margin carries a high level of risk and may not be suitable for all investors. Leverage can work against you. Stratos Markets Limited (www.fxcm.com): CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 64% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. Stratos Europe Ltd (www.fxcm.com): CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 66% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. Stratos Trading Pty. Limited (www.fxcm.com): Trading FX/CFDs carries significant risks. FXCM AU (AFSL 309763), please read the Financial Services Guide, Product Disclosure Statement, Target Market Determination and Terms of Business at www.fxcm.com Stratos Global LLC (www.fxcm.com): Losses can exceed deposits. Please be advised that the information presented on TradingView is provided to FXCM (‘Company’, ‘we’) by a third-party provider (‘TFA Global Pte Ltd’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by TFA Global Pte Ltd. The speaker(s) is neither an employee, agent nor representative of FXCM and is therefore acting independently. The opinions given are their own, constitute general market commentary, and do not constitute the opinion or advice of FXCM or any form of personal or investment advice. FXCM neither endorses nor guarantees offerings of third-party speakers, nor is FXCM responsible for the content, veracity or opinions of third-party speakers, presenters or participants.
Short
by FXCM
GBP/AUD Trend Analysis and Sell OpportunityThe GBP/AUD currency pair is exhibiting a series of lower highs (LHs) and lower lows (LLs), indicative of a bearish trend, which is further supported by a bearish divergence. Additionally, price action is adhering to a well-defined bearish trendline. Currently, the market has formed a significant hidden divergence at the lower high, presenting a favorable selling opportunity. It is essential to prioritize risk management in this setup.
Short
by AnalytixEdgeByQasim
3