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Gbpaudshort

GBPAUD shortsI believe that GBPAUD is due for sells today. Here is why; Ever since hitting the 2.0000 psychological level, we see that price has rejected the area with a lot of sell orders. There has been a lower low formed on the daily timeframe, which indicates price will go lower for the foreseeable future. Moreover, there is a lower low formed on the 4h timeframe which shows me that price will continue going lower. I am currently in a short trade. I am expecting price to collect orders at 1.9370, where I will sell again. My targets are 1.9300
Short
by kingmwenja
GBPAUD neutralI believe that the pair is neutral even though in the long term I am looking to buy. Reasons I am looking to buy in the long term. The 3 month and the monthly timeframe have broken above the previous notable high. This indicates that price is due to go upwards and that this massive retracement is so that price can go back and collect orders from a certain region. The next monthly targets are at 2.0375 However, today I really cannot pin point any clear setup that can guide me into what to do next. My intuition is telling me that price will go lower, but I am currently sitting on my hands.
by kingmwenja
GBPAUD | Short D1 | Market Exec |Technical Confluences for Trade: - Stochastics are close to Overbought Conditions on D1 and Overbought in both H1 and H4 time-frames - Price action is close to a Supply Zone - Price action is close to multiple Resistance Trendlines Suggested Trade: Entry @ Area of Interest 1.9270 - 1.9380 SL @ 1.9503 TP 1 @ 1.9017 (Close Half-Position & move SL to Entry level once TP1 is achieved) TP 2 @ 1.8745 Risk-to-Reward @ Approx. 2.87 (Depending on Entry Level) ________________________________ Boosts 🚀, Follows ✌️, Shares 🙌 & Comments ✍️ are much appreciated! If you have any ideas or charts, do share them in the 'Comments' section below and we can discuss our perspectives to improve or strengthen our strategies. If you want something analyzed, do drop me a DM. :D ________________________________ Disclaimer: The above suggestion is an personal opinion in general and does not constitute as investment advice. Any decisions taken based on the above suggestion is purely your own risks. Any websites / brokers / applications suggested here are also provided as informational purpose only.
Short
by weekendanalyst
SELLING GBP/AUD from 1.9771Last Thursday's daily candle on GBP/USD (25th July) closed with a nice long tailed pinbar. Becuase of this and becuase the RSI on D1 closed at 83.42 , I've been keeping my on this pair in anticipation of a move south. The next 4 daily candles were all doji indecision candles and with the RSI moving to 79.45, then GBP/AUD looked ready for a move south. However. Its imperative that if you have a trade planned and you intend to hold the trade overnight then you MUST check for news. This morning at 02:00 UK time, the CPI numbers were released and though the CPI q/q and CPI y/y met target, the Trimmed Mean CPI missed coming in 0.8% against 1.0% expected. This was sufficient for the AUD to sell off aggresively and GBP/AUD was sent 151 pips higher. A look on the H4 time frame and you can see that the previous 2 H4 candles form a pincer/double op and the current H4 candle is BEARISH. This looks a good opportunity for SHORT trades. The ANdean Oscillator on H4 is rising from zero as the green BUY line crosses the signal line. These are BEARISH signs. RSI is declining. MACD has yet to catch up on H4 but on M30 the fast MA has crossed the slow MA and on H1 the 2 MA's are moving together and edging south. All the signs are that this pair is moving lower and with AUD/USD turning BULLISH then I think this trade has a good chance. Target is open but the band of support at 1.9620 area looks a potential target although tomorrow BOE Monetary Policy and MPC Bank Rate makes all technical analysis redundant.
Short
by forextraplaces
GBPAUD – 2 touches … the week of 22 July, 2024Once again, this pair is moving sideways between 1.9320 and 1.8910. Two touches on either side defines a valid range that can be traded and I will set a pending short trade near the top with target near the bottom of the range. I just want to capture about 75% of the down move if it happens. This is not a trade recommendation, it is just my analysis. You should be aware that trading carries a high level of risk, so only trade with money you can afford to lose. Please use sound money and risk management if/when you trade. If you like my idea, please give a “boost” and follow me to get even more. Please comment and share your thoughts too!!
Short
by Trading_Vista
GBPAUD I Short from resistance zone followed by more growthWelcome 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. Please support this idea with a LIKE and COMMENT if you find it useful and Click "Follow" on our profile if you'd like these trade ideas delivered straight to your email in the future. Thanks for your continued support!Welcome back! Let me know your thoughts in the comments!
Short
by BKTradingAcademy
1
GBPAUD to remain mixed and volatile?GBPAUD - 24h expiry The primary trend remains bearish. Intraday signals are mixed. A higher correction is expected. Preferred trade is to sell into rallies. Bespoke resistance is located at 1.9070. We look to Sell at 1.9070 (stop at 1.9102) Our profit targets will be 1.8925 and 1.8905 Resistance: 1.9070 / 1.9100 / 1.9150 Support: 1.9010 / 1.8960 / 1.8910 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. You accept that you assume all risks in independently viewing the contents and selecting a chosen strategy. Where the research is distributed in Singapore to a person who is not an Accredited Investor, Expert Investor or an Institutional Investor, Oanda Asia Pacific Pte Ltd (“OAP“) accepts legal responsibility for the contents of the report to such persons only to the extent required by law. Singapore customers should contact OAP at 6579 8289 for matters arising from, or in connection with, the information/research distributed.
Short
by OANDA
GBPAUD I Potential short from resistance Welcome 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. Please support this idea with a LIKE and COMMENT if you find it useful and Click "Follow" on our profile if you'd like these trade ideas delivered straight to your email in the future. Thanks for your continued support!Welcome back! Let me know your thoughts in the comments!
Short
by BKTradingAcademy
6
GBPAUD I Potential return to previous structure broken Welcome 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. Please support this idea with a LIKE and COMMENT if you find it useful and Click "Follow" on our profile if you'd like these trade ideas delivered straight to your email in the future. Thanks for your continued support!Welcome back! Let me know your thoughts in the comments!
by BKTradingAcademy
Technical Analysis of GBPAUD: Bearish Gartley PatternHello traders, Happy new week to you all. Allow me to quickly do a detailed analysis of a pattern I identified on the GBPAUD currency pair, called bearish Gartley. I believe in the concerted might of Elliott wave and Harmonic patterns. The Bearish Gartley pattern is a harmonic pattern that signals a potential reversal in price from bullish to bearish. This pattern consists of four price movements and five points: X, A, B, C, and D. In my GBPAUD analysis today, I noticed the following points: X = 1.94824 A = 1.89081 B = 1.92500 C = 1.90938 D = 1.93530 To confirm the Bearish Gartley pattern, we need to analyze the Fibonacci retracement levels of these points and verify if they fit the typical Gartley ratios. Based on the analysis of the Fibonacci ratios, I found that: The AB leg retraces 59.5% of the XA leg, close to the typical 61.8% retracement. The BC leg retraces 45.7% of the AB leg, fitting within the typical range of 38.2% to 88.6%. The CD leg extends 166.0% of the BC leg, slightly above the typical 161.8% but ACCEPTABLE. The AD leg retraces 77.4% of the XA leg, which is very close to the typical 78.6% retracement. The Fibonacci ratios calculated for the given points fit well within the typical Bearish Gartley pattern ratios, implying that the pattern is valid and a potential bearish reversal could take place. The sharp reaction of the market from the PRZ zone further confirms thE presence of sellers. We might see the market move slightly to the upside in order to complete the 78.6AD retracement of the XA leg. But I think it should be short-lived. I'm expecting the pair to drop close to the 1.91250 price region. Cheers and happy trading!!
Short
by Samuel124
2