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Gbpaudtrade

GBP/AUD shortchart is extra busy on this one, higher time frame analysis would show that the pair is on a consistent uptrend, however a closer look at a pattern within a pattern could show us an opportunity to get in for a short term sell, the 1hr chart would show that a strong downtrend is happening, we're waiting to see an exhaustion and then find our entry on way back down, 1.82705, this would be the ideal entry but the difficulty is finding confirmation here for a continuation as a break of pattern could occur, wait for a show of sell momentum and weak wicks and green candles before entry, could see entry potential by late afternoon.. as always keep stop losses on and tp clear! good luck
Short
by MatthewCrm
Aussie Decline? - GBP/AUD Ichimoku long trade setupThis is setting up to a week of drawback and trend continuation setups! We've broke above a strong level here with GBP/AUD, and I am looking for a drawback and a sign for a chance to buy. If we can get the drawback and price action present us with a good chance to enter, I'll get long with the targets I've drawn out. I am aiming for price structure highs as my overall target but I've drawn out several partial take profit levels along the way. If we fail to get a drawback or good price confirmation for entry, this setup may become invalidated.
Long
by The808Trader
2
GBPAUD Fundamental Analysis – September 10th 2019Here are the key factors to keep in mind today for British Pound trades: UK Jobless Claims Change and Claimant Count Rate: The UK Jobless Claims Change for August is predicted at 29.3K and the Claimant Count Rate is predicted at 3.2%. Forex traders can compare this to the UK Jobless Claims Change for July which was reported at 28.0K and to the Claimant Count Rate which was reported at 3.2%. UK Employment Change, ILO Unemployment Rate and Average Weekly Earnings: The UK Employment Change for the tri-monthly period ending in July is predicted at 55K and the ILO Unemployment Rate is predicted at 3.9%. Forex traders can compare this to the UK Employment Change for June which was reported at 115K and to the ILO Unemployment Rate which was reported at 3.9%. Average Weekly Earnings for the tri-monthly period ending in July are predicted to increase by 3.7% annualized and Average Weekly Earnings Excluding Bonuses are predicted to increase by 3.7% annualized. Forex traders can compare this to Average Weekly Earnings for June which increased by 3.7% and Average Weekly Earnings Excluding Bonuses which increased by 3.9%. Here are the key factors to keep in mind today for Australian Dollar trades: Australian ANZ Roy Morgan Weekly Consumer Confidence Index: The Australian ANZ Roy Morgan Weekly Consumer Confidence Index for the week of September 8th was reported at 113.3. Forex traders can compare this to the Australian ANZ Roy Morgan Weekly Consumer Confidence Index for the week of September 1st which was reported at 114.4. Australian NAB Business Conditions and Australian NAB Business Confidence: Australian NAB Business Conditions for August were reported at 1 and Australian NAB Business Confidence at 1. Forex traders can compare this to NAB Business Conditions for July which were reported at 3 and to Australian NAB Business Confidence which was reported at 4. Chinese PPI and Chinese CPI: The Chinese PPI for August decreased by 0.8% annualized and the Chinese CPI increased by 2.8% annualized. Economists predicted a decrease of 0.9% and an increase of 2.7%. Forex traders can compare this to the Chinese PPI for July which decreased by 0.3% annualized and to the Chinese CPI which increased by 2.8% annualized. Should price action for the GBPAUD remain inside the or breakdown below the 1.7920 to 1.8040 zone the following trade set-up is recommended: Timeframe: D1 Recommendation: Short Position Entry Level: Short Position @ 1.8000 Take Profit Zone: 1.7560 – 1.7700 Stop Loss Level: 1.8075 Should price action for the GBPAUD breakout above 1.8040 the following trade set-up is recommended: Timeframe: D1 Recommendation: Long Position Entry Level: Long Position @ 1.8110 Take Profit Zone: 1.8335 – 1.8420 Stop Loss Level: 1.8040
by PaxForex