GBPAUD 23.12.2024Price mitigated Weekly POI, give us bos to downside on 4H. Price hasn't mitigated 50 fib level of bearish move. I consider new HH as a liquidity to be taken out before price will go to mitigate Daily and Weekly FVG.
GBPAUD trade ideas
GBPAUD sell signal. Don't forget about stop-loss.
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P.S. I personally will open entry if the price will show it according to my strategy.
Always make your analysis before a trade
GBP/Aud Simple trendline with resistance I've noticed a break out from a ranging market still respecting a bullish trendline up to the next resistance is my target.
GBP-AUD Potential Long! Buy!
Hello,Traders!
GBP-AUD is trading in an
Uptrend along the rising
Support so after the retest
We will be expecting a
A bullish rebound
And a move up
Buy!
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Check out other forecasts below too!
Watching and Waiting for a Trend line break on GBPAUDWatching and waiting for this pair to break this trend line on the H4 time frame.
Reasons I think price will break through:
- RSI was overbought on H4
- Bearish RSI Divergence on H4
- Bullish candles are getting smaller
What do you think?
*Also please remember these are trading ideas and not trading signals. Thank you.
GBPAUD 4HGBPAUD 4H📊
1. Trend- Bullish on 4H and Daily timeframe
2. Current phase- Retracement stage (re-accumulation)
TRADE APPROACH (Expectations)
1. We are currently seeing price move inside our weekly range that broke structure. Price is bullish and below our 50% Fibo level we have 2 demand zones + FVG that may inject more orders to refuel the current bullish trend. We expect price to open high and move lower towards our liquidity zones.
2. If price successfully accumulates enough orders to take out swing low as sellside liquidity, we will see more bearish momentum and trading zones (Supply zones will form) during the week distributing price downside targeting further further sellside liquidity until next unmitigated demand zone is met on the higher timeframe.
📈 Further updates to be posted later this week.
GBPAUD move lower to mid point of trendMacro trendline is bullish.
Alert placed around 1.99 for a short to 1.97 (200pips).
Id like to see a internal liquidity sweep inside the 4H FVG and well inside the premium zone.
Target would be 50% fib level and weekly support at 1.97. A break of this zone could see a deeper move to grab Liquidity at 1.95.
News this week will determine the size of the move..
GBP news
- unemployment rate
- PPI
- inflation rate
- interest rate decision
- retail sales (less important)
This is an idea only, do your own research.
Happy trading
AUD/JPY Short and GBP/AUD ShortAUD/JPY Short
Minimum entry requirements:
• Break above area of value.
• 1H impulse down below area of value.
• If tight 5 min continuation follows, reduced risk entry on the break of it.
• If tight 15 min continuation follows, 5 min risk entry within it, or reduced risk entry on the break of it.
GBP/AUD Short
Minimum entry requirements:
• If 3 touch 1H continuation or 2 touch 1H continuation with 3 touch structural approach forms, 15 min risk entry within it.
GBPAUD TF H4 Zone EntryD1 Bullish Engulfing very strong!!!
H4 have Demand zone two Zone
Zone Reentry : 1.99079
TP 1 : 2.00392
TP 2 : 2.02772
HAVE A GOOD DAY^^
GBPAUD Bullish Trade Idea from 2.00381-2.0082GBPAUD Bullish Trade Idea
The price fell from the 2.02834 zone and hit back the 2.00381 zone, just respecting the recent support level.
Now the important question is: does the price just test back and wait for the confirmation candle over this zone to reach the next level?
In H4, the bear pressure will increase over time, and the volume increased with sentiments also showing that more volume on the buy side. and the major zone will be tested.
Key level: if the market breaks the support, then we must see at the 1.99567 zone, but on the other side, the Pound index is strong enough.
When the market breaks the 2.00820 level, put buy trade.
Buying zone: 2.00381 - 2.0082
Stop loss: 1.99778
Take Profit Level: 2.0158-2.02763
GBPAUD FORECASTThis is another good setup that I look for today! From the higher timeframe this price is likely to have the potential for the sell. Yesterday daily candle gave us a clear picture of where the market is likely to navigate. In the lower timeframe we just look for the areas that have higher chance for us to position ourselves. Let's see how it plays.
Backtesting GBPAUD Feb 2024 (Pattern Separation)Here I have backtested GBPAUD Feb 2024. I am looking to train myself to see patterns and read messages from the market in order to sharpen my technical skills.
GBPAUD to the moon?Taking a long position on GBPAUD, main reasons being:
- BoE holding interest rates for now and less rate cuts are expected next year, could drive more institutions to hold GBP and increase it's value
- AUD are trade partners with China who are experiencing significant economic instability
- COT traders are 57% long on GBP (+2.14% compared to last week)
- COT traders are 52% long on AUD, but are adding more short positions (-4.53% change in net long positions compared to last week)
- Retail traders are 93% short on GBPAUD (I find that retail is usually wrong, so this is a positive signal for GBPAUD longs in my book)
This trade is more based on Australia's weakness rather than Britain's strength. I was also thinking of shorting AUDJPY (see previous trade idea) or AUDUSD.
I couldn't get in a position that I liked on AUDJPY (yet) and I'm already in a short position on EURUSD, so I want to diversify a bit away from the US Dollar.
The reason I'm entering here is because it is filling an imbalance candle, and it's also at the 0.682 mark on the Fibonacci retracement tool.
If I get taken out I don't mind, there may be better entries on GBPAUD available if that happens, or there may be an opportunity to short AUDJPY instead, which I prefer the fundamentals of.
Don't take this as investment advice, I'm just sharing what I'm doing. Please don't follow me blindly, create your own strategy and ideas.
-1R Selling GBPAUDHello!!! this trade Is nice, let me take you through the pros and cons.
Cons:
A trendline with only 2 touches I don't even need to explain how silly this is.
I labelled this as supply which is very silly considering that there was no big moves after the breakout of this level.
Pros:
The pivot was on the right trade but this trade was forced.
GBPAUDGBPAUD is in bearish trend.
Bearish divergence also shown in RSI.
just broke the last HL and made firt LL
Market sentiment is also bearish .
We sell at CMP.
GBPAUDThe potential BUY scenario for the pair
The pair is under observation as it approaches the designated BUY zone on the chart.
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
