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British Pound / Australian Dollar

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GBPAUD trade ideas

GBPAUD Weekly OutlookOn the 4 hour Timeframe, the 4 hour Range that we are in. This a good range because it meets these 3 critierias: 1) Price is in a range in either the 1hr,4hr or the daily. 2) The range is at least 100-150 Pips wide(can be larger, no issues) 3) The support & Resistance have at least 2 or more taps minimally for the range to be strong. As price is approaching the support, there are 2 scenarios i am looking at. 1) price breaks below the Support at the 1.89046 level with a body candle close. IF this happens, price breaks out of the range and it means price has broken out of the range to the downside and a break and retest of the support level will be used to look for Sells. 2) Price rejects the Support level and creates a 15 minute Bullish CHOCH. When this happens, I will be more inclined to look for BUYS during volume sessions.
Long
by YourVillagePeople
GBPAUD: Your Trading Plan For This WeekFollowing a breakout of an important daily horizontal level, GBPAUD is currently consolidating within a horizontal range on a 4-hour timeframe. Traders seeking a short-term selling opportunity should watch for a bearish break of the range's support, with a 4-hour candle closing below 1.890 providing a strong confirmation for a bearish trend. In this scenario, a bearish move towards the 1.8800 level can be expected. ⚠On the other hand, a bullish breakout of the range's resistance could signal a potential uptrend continuation.
by linofx1
7
GBP AUD key levels moving forwardHi Guys, The GBP AUD pair has been heading south recently and presents some nice trading opportunities either way price moves from the current level. On the chart ( sorry about the messy look) the large red box contains what could be very strong resistance. Looking left on the chart that zone is a very key level as price has had some huge moves from there in the past. It also is the last support before the most recent high. The zone also contains the 50 MA 200 MA and AVWAP from the most recent high and the high from 8/23. The thick red line is the AVWAP from 8/23 and Ive highlighted that because as can be clearly seen with the black circled areas this AVWAP has acted as resistance firstly and then support on numerous occasions so there is a high likelihood that price will find resistance if it pulls back to this AVWAP again. The black line, is the AVWAP from most recent high and along with the 50MA served as resistance on the 30 April and 1 May candles. With the 200 MA now in the same cluster that should present formidable resistance if price pulls back to the zone. The smaller red box above would serve as next resistance should price break through the first red box. If price heads further down into the green box/ zone then a pullback from there back to the red box would result in a pullback to the golden fib zone between 0.5 and 0.618 retracement. Entry using lower time frames could present some nice risk to reward trades. The green highlighted box is obvious support area and contains daily order block. There is also a bat harmonic pattern forming with 0.86 entry level just short of the zone. In all likelihood the entry level will be a bit more than the recommended 0.86 but so long as we dont break the low that should be fine with a stop just below the low. As with the resistance zones lower time frame entries using candlestick or chart patterns or price action choch BOS etc could present some nice trading opportunities. Safe Trading all
by elyask120
GBPAUD iin the box right now, but could be interesting later onEASYMARKETS:GBPAUD Disclaimer: easyMarkets Account on TradingView allows you to combine easyMarkets industry leading conditions, regulated trading and tight fixed spreads with TradingView's powerful social network for traders, advanced charting and analytics. Access no slippage on limit orders, tight fixed spreads, negative balance protection, no hidden fees or commission, and seamless integration. 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. easyMarkets 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.
by easyMarkets
GBPAUD 1H Long Trade - 1:6 RRRSL: 1.89085 TP: 1.93120 In this trading strategy, we present a compelling opportunity for a long position on the GBPAUD currency pair, focusing on the 1-hour timeframe. By incorporating key technical indicators such as the Exponential Moving Average (EMA) 200, Moving Average Convergence Divergence (MACD) for trend analysis, and Supertrend for entry signals, traders can aim to achieve a favorable risk-to-reward ratio of 1:6. Indicators: EMA200: The EMA200 serves as a critical indicator of the long-term trend direction. MACD Trend: The MACD indicator helps traders assess the strength and direction of the trend. Supertrend: The Supertrend indicator acts as a reliable tool for identifying entry points in alignment with the prevailing trend.
Long
by panjikadar
GBPAUD - Look for a short ✅Hello traders! ‼️ This is my perspective on GBPAUD. Technical analysis: Here we are in a bearish market structure from daily timeframe perspective, so I look for a short. I expect price to continue the retracement and then to reject from trendline + liquidity zone + FIBO 0.5. Fundamental news: Tomorrow (GMT+3) we will see results of Unemployment Rate on AUD, news with high impact on currency. Like, comment and subscribe to be in touch with my content!
Short
by Snick3rSD