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Gbpaudshort

GBP/AUD SHORT from 1.9429GBP/NZD has hit a line of recent resistance from last week and appears to be decling from this level. This level coincides with the Pivot Point Supertrend SELL signal. On the H2 time frame the RSI is well into over bought territory reading 76 and we're alos at the WM3 Pivot so all signs are that GBP/AUD BEARS will enter here and attempt to drive the price south. With recent high close by we can get a tight 22 pip STOP on to protect the trade. Target initially will be the WPP mid pivot at 1.9347 which is where the 200 EAM sits. RBA Governor Bullock speaks at 22:30 GMT so we would need to get this trade to break even or +ve in case of anything BULLISH coming from the Governor as this would send AUD higher.
Short
by forextraplaces
GBPAUD I Short from key level resistance and top of channelWelcome 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!
Short
by BKTradingAcademy
7
GBPAUD Long Term Selling Trading IdeaHello Traders In This Chart GBPAUD HOURLY Forex Forecast By FOREX PLANET today GBPAUD analysis 👆 🟢This Chart includes_ (GBPAUD market update) 🟢What is The Next Opportunity on GBPAUD Market 🟢how to Enter to the Valid Entry With Assurance Profit This CHART is For Trader's that Want to Improve Their Technical Analysis Skills and Their Trading By Understanding How To Analyze The Market Using Multiple Timeframes and Understanding The Bigger Picture on the Charts
Short
by ForexPlanet20
Sell GBPAUD Triangle BreakoutThe GBP/AUD pair on the H1 chart exhibits a bearish signal suggesting a potential decline in the coming hours. A recent downward breakout from a triangular consolidation pattern could offer a shorting opportunity. Key Points: Triangle Breakout: The price has been confined within a triangle formation, characterized by converging support and resistance lines. This often indicates indecision before a decisive move. However, the recent break below the lower support line at 1.9265 suggests a shift in momentum towards the downside. Sell Entry: Consider entering a short position around the current price near 1.9265, offering an entry point close to the breakout level. Target Levels: Initial bearish targets lie at the support levels of 1.9114 and 1.9027, marking previous support zones within the triangle. Stop-Loss: To manage risk, place a stop-loss order above the resistance 1.9400 Fundamental Updates : Bank of England (BoE) Meeting and Interest Rate Decision (Feb 2): While the BoE is expected to raise rates again, the focus will be on the size (25bps or 50bps) and future policy guidance. Dovish pronouncements could weaken the GBP and support AUD selling against it. Risk-Off Sentiment: A general deterioration in global market sentiment could drive investors towards the safe-haven AUD and put downward pressure on GBP/AUD. Thank you.
Short
by KABHI_TA_TRADING
3
GBPAUD Short Signal Reversal StrategyHi guys, its your girl forex potatoe and its another week of opportunities. January as been a pretty slow month for swing traders but here we have an opportunity to short GBPAUD, i am just took a short on this trade with my stop loss and take profit in appropriate places as with my tool. GBPAUD has been in an uptrend and has encountered a solid resistance and its having problems going through it, this is the third time that its showing signs of weakness and we all know how third strong third touches can be. In addition to that we can see the Daily RSI is overbought and just crossed the 70% mark, a head and shoulders pattern together with a bearish engulfing candle stick are confluences that supported my sell decision I am expecting GBPAUD to drop from this resistance and reverse all the way down. Kindly hit the boost , leave a follow and let me know what you think of this idea in the comment section
Short
by ForexPotatoe
GBPAUD - Short active ✅Hello traders! ‼️ This is my perspective on GBPAUD. Technical analysis: Here we are in a bearish market structure from 4H timeframe perspective, so I am looking for short. I expect bearish price action from here as price rejected from institutional big figure 1.91000 + FIBO 0.786 level. Fundamental news: Next week on Wednesday will be released yearly CPI on GBP and on Thursday we will see results of Unemployment Rate on AUD. Like, comment and subscribe to be in touch with my content!
Short
by Snick3rSD
2
7 Dimension Bearish Setup For GBPAUD 🕛 TOPDOWN Monthly: The presence of a triangle signals a continuation, coupled with a rejection at the upper trendline, indicating potential upward momentum. Weekly: Notably, a change in character is observed. To pursue further highs, a deeper downward movement for a liquidity sweep is anticipated, suggesting a potential downside. 😇 7 Dimension Analysis Time Frame: Daily 1: Swing Structure: Despite an intact bullish structure, abnormal elements are detected during consolidation. 🟢 Structure Behavior: Choch 🟢 Swing Move: Impulsive 🟢 Inducement: Confirmed 🟢 Pull Back: No pullback evident 🟢 Internal Structure: Sideways 🟢 No unmitigated Order block at the upper side Trendline marked, Support Breakout/CIP waiting, pre-breakout buildup with micro bearish quality check. 🟢 Traps: A trendline Fake out has occurred, implying a potential sharp move if the trendline breaks again. 🟢 Time Frame Confluence: Daily 2: Pattern 🟢 CHART PATTERNS Reversal: Notable patterns include Head and Shoulders (strong at the top), Consolidation Rectangle with higher lows, and a Symmetric Triangle indicating continuation. 🟢 CANDLE PATTERNS In the current sideways market, candle patterns might not be as effective. However, candle quality, size, and frequency suggest heightened bearish activity. 3: Volume 🟢 Fixed Range: Bearish volume surpasses bullish volume. 🟢 Volume during Cycle: A substantial bearish volume has been observed. 4: Momentum RSI 🟢 Zone: Stuck in a sideways zone. 🟢 Range shifted: Transitioned from bullish to sideways. 🟢 Loud moves: Also shifted, indicating a likelihood of further downward movement. 5: Volatility Bollinger Bands 🟢 Middle band: Positioned below the price. 🟢 Volatility Contraction: Fully observed. 🟢 Squeeze breakout: Anticipated. 🟢 Band Puncher: Price action exhibits punches on both sides. 6: Strength According to ROC 🟢 Values: A comparison of 0.37 vs 2.46 shows AUD's strength over GBP. 7: Sentiment ✔️ Entry Time Frame: H1 ✅ Entry TF Structure: Internal BOS ☑️ Current move: Impulsive ✔ Support resistance base: Last high liquidity sweep and rejection. 💡 Decision: Sell 🚀 Entry: 1.9040 ✋ Stop loss: 1.9270 🎯 Take profit: 1.8020 2nd If Internal Structure changes, also exit on 3rd trendline breakout, Fomo 😊 Risk to reward Ratio: 1:4.5 🕛 Expected Duration: 30 days SUMMARY The comprehensive analysis suggests a nuanced scenario with potential for both upward and downward movements. While bullish elements persist, anomalies in consolidation hint at complexities. The expectation of a liquidity sweep for further highs and the indication of bearish volume emphasize the need for cautious trading. The decision to sell is supported by multiple factors, including structural analysis, candle patterns, and volume considerations. The risk-to-reward ratio and expected duration align with a strategic approach to market dynamics.
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by Optimum369