GBPAUD trade ideas
GBPAUD I Potential long opportunity after completed correctionWelcome back! Let me know your thoughts in the comments!
** GBPAUD Analysis - Listen to video!
We recommend that you keep this pair on your watchlist and enter when the entry criteria of your strategy is met.
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Thanks for your continued support!Welcome back! Let me know your thoughts in the comments!
GBPAUD: Short Signal with Entry/SL/TP
GBPAUD
- Classic bearish pattern
- Our team expects retracement
SUGGESTED TRADE:
Swing Trade
Sell GBPAUD
Entry - 1.9775
Stop - 1.9881
Take - 1.9568
Our Risk - 1%
Start protection of your profits from lower levels
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GBP/AUD - Test on extremely overbought levelsHi friends our next opportunity that we would take a look is GBP/AUD , as of now the pair ended up reaching overbought levels above 100 in the RSI , on 1H and 4H time frames, so we would be testing out with a retracement pannel to the previous strong resistance level before acknowledging what would be the next move, previously on the up-side we had tremendeous success with this trade
Entry : 1.99200
Target 1: 1.98782
Target 2 : 1.97952
Stop loss : 1.99700
As always my friends happy trading!
P.S. If you have questions or inquiries about one of my existing set-ups or personal questions / 1 on 1 sessions consider joining my channel so you can follow up with me in private!
GBPAUD MARKET ANALYSIS AND PRICE PREDICTIONGBPAUD, has mitigated an order block and has cleared off the Buyside Liquidity. Consolidation has ended and decision has been taken in favor of the BEARS. Market is now retracing downward to mitigate and unmitigated order block. A structure has already been broken on 4 Hours timeframe. Market may retrace a bit to give the Bears a perfect entry Entry.
Entry, Take Profit And Stop Loss Are Well Stated on The Chat.
GOOD LUCK GUYS!
GBPAUD at most important resistance since 2020The GBP/AUD pair shows a notable pattern on the daily chart, displaying a clear uptrend that has persisted since July 2024, characterized by rising lows but encountering resistance at the 2.000 level. Recently, the price approached 1.9967, a significant resistance level not seen since 2020. This level is pivotal, not just as a historical high, but also as a key psychological barrier near the round number of 2.000. Following this resistance testing, the price has begun to exhibit signs of weakness, indicating a potential reversal or at least a short-term correction.
Current Market Context
The bullish trend has been backed by a distinct ascending trendline connecting the key lows. However, as the price neared the 1.9967 resistance, candles with long upper shadows emerged, signaling rising selling pressure.
Potential Sell Opportunity: Close Below 1.9735
A close below 1.9735 would result in a Bearish Engulfing pattern, where a bearish candle completely covers the previous bullish one, indicating a shift in market sentiment toward sellers. In this context, closing below 1.9735 would validate this pattern and support a potential sell-off.
Characteristics of the Potential Sell Trade:
Entry Point: Approximately 1.9730 (upon a close below 1.9735).
Stop Loss: 2.0010, above the recent high, to guard against false breakouts.
First Target: 1.9350 (380 pips away), aligning with significant support from November, where the price faced strong rejection previously.
Second Target: 1.9150 (580 pips away), corresponding to an even stronger support level, reinforced by the long-term ascending trendline.
Risk-Reward Ratio:
Risk: 280 pips (from 1.9735 to the stop at 2.0010).
Reward:
First Target: 380 pips (Risk-Reward Ratio: 1.35).
Second Target: 585 pips (Risk-Reward Ratio: 1.52).
This scenario presents an attractive opportunity for traders seeking a short-term trend reversal.
Scenario: Breakout of 2.000 Resistance
Conversely, if the price breaks and closes above 2.000, this historical resistance would be invalidated, potentially allowing the uptrend to continue. In this case:
Entry: Close above 2.000.
Stop Loss: 1.9900, positioned below the broken resistance to protect against retracements.
First Target: 2.0100 (90 pips from the entry), a significant psychological level likely to attract market interest.
Second Target: 2.0250 (240 pips from the entry).
Signals Against Selling:
A breakout candle with increasing volume above 2.000.
Sustained closes above the resistance, indicating buying momentum.
In this scenario, the bullish structure would resume, with buyers regaining control.
Summary
The GBP/AUD pair is at a critical juncture. A Bearish Engulfing pattern following a close below 1.9735 could present a viable sell opportunity, supported by clear targets and a favorable risk-reward ratio. Conversely, a break above 2.000 could pave the way for new highs, sustaining the uptrend. Traders should closely observe price movements in the upcoming sessions to determine the likely outcome.
Disclaimer:
74% 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. Past performance is not necessarily indicative of future results. The value of investments may fall as well as rise and the investor may not get back the amount initially invested. This content is not intended for nor applicable to residents of the UK.
GBPAUD - LONG (Quick trade)A quick trade. Price needs a breather.
Better price action on shorter time frame 5min, but I can't post that due to 15min limitation
GBPAUD: More Growth Ahead 🇬🇧🇦🇺
GBPAUD successfully violated a significant daily horizontal resistance.
The underlined blue area turned into a support now.
Chances are high that the growth will resume soon.
Next goal will be 2.001
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GBPAUDspike, slow down three minor corrections, v-formation and break out are all signs for me to go long in 5min time fram.
GBPAUD - 4 Year Plan. Over 8,000pips To Be Made! Here we have the 2week chart of GBPAUD.
Wave A = 5 wave Leading diagonal.
Wave B = Complex WXY correction (3x3x3)
Wave C = Expecting 5 Waves
We are currently on final part of Wave B. As mentioned above, Wave B is a WXY correction so each part has 3 subwaves. We are in Wave Y, subwave B.
We believe the top has been made for wave subwave B and so we can look to trade the minor wave c (red move) with stops above the current highs.
GBPAUD 2D Chart
Trade Idea (Red Move):
- Risk entry on market open
- Stops above invalidation level
- Targets: 1.915 (800pips), 1.86 (1400pips)
Once the red move is done, we can focus on the blue move.
Goodluck and as always, trade safe!
GBPAUD Opportunity Presenting Itself Just have to be patient As we navigate these pairs, it’s important that we take our time to thoughtfully develop our strategy. Currently, our time frames are aligned; however, we do need to see the price on the 4-hour chart turn bearish. This movement will help guide the price back to the daily area of interest (AOI).
Once we observe the price shifting back to a bullish trend, we will patiently await a pullback on the 4-hour chart. This will provide us an opportunity to analyze the lower time frames for a sign of strength (SOS) before proceeding with our trade. It’s essential to remember that exercising patience often yields the best results, and a more measured approach can lead to success.
GBPAUD-SELL strategy 9 Hourly chartThe pair moved like a bullet, and it has harmed many on its way. The RSI's which are important criteria are even higher than the October run up. The current pattern is a false BULL FLAG and this usually suggests a correction back to the base of the pole again. That is why, regardless where we stop, the return level will be roughly the same.
It even appears we have forgotten the commodities, and metals, support the pair. If you look at AUDCAD, it makes no sense at all, a weak OIL price and stronger and holding gold price should strengthen the AUD. so all in all, a good case we should correct.
Strategy ADD SELL @ 1.9920-1.9980 area or higher, and place profit near 1.9678.
GBP_AUD (250 Pips)The GBP/AUD pair has recently hit a high of 1.99742 and is retreating from resistance for the third time in 12 months. Here's a detailed analysis for the coming 3 days:
Fundamental Analysis
The GBP/AUD pair is influenced by several factors:
1. Economic Data: Upcoming US jobs data and Federal Reserve rate signals will likely impact both currencies.
2. Central Bank Policies: The Bank of England and Reserve Bank of Australia's monetary policies will play a crucial role in determining the pair's direction.
3. Global Risk Sentiment: As the AUD is considered a risk-sensitive currency, global economic conditions and risk appetite will affect its performance against the GBP.
Technical Analysis
The GBP/AUD pair is showing signs of potential bullish momentum, but faces significant resistance:
1. Resistance Levels: The pair is encountering strong resistance around the 2.00 level, having failed to break through this level for the third time in 12 months.
2. Support Levels: Key support levels to watch are 1.97580 (yesterday's low) and 1.96300.
3. Moving Averages: The pair is trading above its 200-day moving average, indicating a long-term bullish trend.
4. Momentum Indicators: The Relative Strength Index (RSI) and MACD are showing upward momentum, but may be approaching overbought territory.
Short-term Outlook (Next 3 Days)
1. Bearish Scenario: Failure to break the 2.00 level could lead to a pullback towards 1.97500 and possibly 1.96300.
2. Range-bound Trading: Given the recent rejection at resistance, the pair may consolidate between 1.97500 and 2.00000 in the short term.
Key Factors to Watch
1. US Non-Farm Payrolls: This data release could cause significant volatility in both GBP and AUD against the USD, indirectly affecting GBP/AUD.
2. Australian Economic Data: Any surprises in Australian economic indicators could impact the AUD's strength.
3. UK Political and Economic Developments: News related to UK economic performance or policy changes could influence GBP strength.
Traders should remain cautious and use appropriate risk management strategies, especially given the pair's recent approach to a significant resistance level. The outcome of the US jobs report and central bank communications in the coming days could provide clearer direction for this currency pair.
GBPAUD Is Very Bearish! Short!
Please, check our technical outlook for GBPAUD.
Time Frame: 8h
Current Trend: Bearish
Sentiment: Overbought (based on 7-period RSI)
Forecast: Bearish
The market is on a crucial zone of supply 1.988.
The above-mentioned technicals clearly indicate the dominance of sellers on the market. I recommend shorting the instrument, aiming at 1.970 level.
P.S
Overbought describes a period of time where there has been a significant and consistent upward move in price over a period of time without much pullback.
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GBPAUDthis analysis has been done in 5 min time frame. but the general trend in both 15 and 5 look the same almost. I am shooting for a tp2
GBPAUD to turnaround?GBPAUD - 24h expiry
Although the bulls are in control, the stalling positive momentum indicates a turnaround is possible.
The hourly chart technicals suggests further upside before the downtrend returns.
Risk/Reward would be poor to call a sell from current levels.
Preferred trade is to sell into rallies.
Bespoke resistance is located at 1.9850.
We look to Sell at 1.9850 (stop at 1.9900)
Our profit targets will be 1.9710 and 1.9680
Resistance: 1.9850 / 1.9900 / 1.9930
Support: 1.9700 / 1.9600 / 1.9500
Risk Disclaimer
The trade ideas beyond this page are for informational purposes only and do not constitute investment advice or a solicitation to trade. This information is provided by Signal Centre, a third-party unaffiliated with OANDA, and is intended for general circulation only. OANDA does not guarantee the accuracy of this information and assumes no responsibilities for the information provided by the third party. The information does not take into account the specific investment objectives, financial situation, or particular needs of any particular person. You should take into account your specific investment objectives, financial situation, and particular needs before making a commitment to trade, including seeking advice from an independent financial adviser regarding the suitability of the investment, under a separate engagement, as you deem fit.
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GBP_AUD RESISTANCE AHEAD|SHORT|
✅GBP_AUD price grew again to retest the resistance of 1.9887
But it is a strong key level
So I think that there is a high chance
That we will see a bearish move down
SHORT🔥
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GBPAUD - Short Plan on Fundamentals & Technical BasesFundamental Analysis:
Key indicators, including the LEI and both Endogenous and Exogenous factors, have been steadily declining on a weekly basis. This indicates a weakening outlook for the GBP against the AUD, supporting a bearish perspective on the pair.
Seasonality:
Historically, GBPAUD tends to exhibit a bullish bias during the first week of December, suggesting a potential seasonal opportunity for taking long positions.
COT Report:
Flip data suggests a shift in market sentiment from a bullish to a bearish bias.
Technical Analysis:
The GBPAUD has been in an uptrend, forming higher highs (HH) and higher lows (HL) on the 1H timeframe. However, it's showing signs of bearish divergence, aligning with a previous bearish divergence. This creates a potential shorting opportunity if the price breaks below the most recent lower low.
Conclusion:
Even though December typically signals a seasonal buy for GBPAUD, the shift in COT bias, weaker GBP fundamentals, and bearish divergence forming near the upper trendline point to a bearish setup. Here's my shorting plan:
Entry Price: 1.97185 (Sell Stop)
Stop Loss: 1.98440
Take Profit: 1.9593
GBPAUD MARKET ANALYSIS AND PRICE PREDICTIONGBPAUD has been reordered at 50% Fib at the renegotiation zone, price has mitigated an order block and has cleared off the Buyside liquidity. Price is presently consolidating around the mitigated order block for a retracement to mitigated and unmitigated order block around the renegotiation and reorder zone.
The retracement decision stands, market will break structure downward and give the Bears a short term trade, after mitigation, the Bulls will have any chance to go long and enjoy the ride up again.
Entry, take profit and stop loss are all well stated on the chat.
Good Luck Guys!
GBPAUD-SELL strategy - 6 Hourly chart GANN SQThe pair has tested 1.9795 the top of GANN resistance, and fell back to 1.9730 and now we are somewhere slightly higher at 1.9755 of this writing. Overall we wilo see a lower level again and I suspect 1.9665 test. GOLD is firm, and inflation numbers in Australia caused the spike, but we should not forget UK likely will have 4 rates cuts next year, which means the cross is overdone short-term.
Strategy SELL @ 1.9750-1.9785 and take profit @ 1.9668 for now.
Long Position Idea for GBP AUDUsing Fibonacci retracement. Risk Reward 1:3 ! Let's see what happens.
GBPAUD Potential Sell Idea- 1:8Ideal entry zone above invalidation above some resistance areas, see pound weakness continue whilst Aud has held around support levels.
GBP/AUD finalising bull run before we test ResistanceHi dear traders, we are joining with the GBP/AUD after it already confirmed it's uptrend structure so we can extract a decent amount of pips until we go to the next Strong Resistance line and we find the proper direction as to where would we follow up with this Currency Pair.
Current entry 1.95250
Target : 1.96300
When we go to a point of surpassing the Resistance Line we would revisit this pair so we can see if there is a safe landing into extracting more value before the next structure formulates.
