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Australian Dollar/British Pound

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AUDGBP trade ideas

GBPAUD 4H Chart Analysis – Targeting Bullish MomentumWe’re looking at the GBPAUD 4H chart, where a fresh BUY signal has been triggered, signaling potential upside movement. Key Observations: - BUY Signal: A BUY signal was generated at 1.95551, suggesting a potential reversal and an opportunity for a bullish move. - TP Zone: The identified Take Profit (TP) zone ranges from 1.96055 to 1.96544, offering a potential gain of around 50 to 100 pips from the entry point, making this setup an attractive target. - Market Structure: Price action is currently holding above key support levels, and the market structure indicates a weakening of the bearish trend, favoring a possible move towards the TP zone. Trading Plan: - Bullish Scenario: If the price continues its upward momentum as expected, aiming for the TP zone between 1.96055 and 1.96544 could present a solid return. Watch for additional confirmations as the price moves closer to these levels. - Risk Management: Adjust positions and strategies as new signals develop, allowing for flexibility to respond to market fluctuations. Keep monitoring the price action and adapt your exit points accordingly. Important Note: This is a trade idea. Make sure to perform your own analysis to ensure it fits your risk tolerance and strategy. Stay alert and trade smart!
Long
by TradersJourneys
GBPAUD longHere is why: - On the 3 month timeframe, price has formed mini higher highs indicating that price is headed upwards. My targets for this timeframe are 2.03700 - On the daily, if you zoom in on yesterday's candlestick, you can see that price broke a high. Moreover, 1.9650 is a very strong liquidity area. Price attempted to break that area but was unable. We see that Monday's candle collected some orders to push higher but they were not enough to take the pair further. Hence, why we see this sudden rush of bearish momentum. - Price is currently looking for areas to collect orders from and I spectate that it will do that at the 1.9450 region (which is a weekly level and a major 4 hour liquidity level) - I am sitting on my hands as I wait for a bullish setup before I enter the markets
Long
by kingmwenja
1
GBPAUD SHORT SQUEEZE DEVELOPING (TO THE POINT)In this video, I dive deeper into the dynamics of a potential short squeeze on the GBPAUD pair and discuss the risk management strategy for this trade. I break down how the squeeze could unfold and how to manage the risks involved effectively. At the current price, the trade offers an attractive 1.89% value with the potential to hit over 4%, making it a great deal. This video is all about balancing the opportunity with smart risk control to maximize gains.
Long
by moneymagnateash
WHATS FLOWING: CASH GRAB SQUEEZE DEVELOPING IN GBPAUD (??)OANDA:GBPAUD In this video, I initially pointed out an obvious short trade setup but quickly noticed something more interesting developing. The market seemed poised to move short from a higher price level above the current market price. Given GBP's reputation for aggressive movements, there's a potential for the market to blow through these levels. I pose the question of whether a short squeeze is developing, specifically around the 1.97142 level, with a potential target as high as 2.04430. With bullish order flow entering the market since last night, this could be a prime opportunity for a near-term quick cash grab. Keep an eye on these levels as the squeeze unfolds.
Long
by moneymagnateash
GBP/AUD 4H Chart Analysis: Potential Bullish Continuation Pre High: The "Pre High" level is marked as a resistance point that the price previously reached. This level is significant as it acts as a reference for potential reversals or breakouts. FVG (Fair Value Gap): The highlighted FVG indicates an imbalance or gap between the bullish and bearish orders. This often acts as a magnet for price to fill or at least partially fill the gap, creating a potential area of interest for a trade entry. Support: The support level is marked slightly below the FVG and Pre High. This level has shown some hold in price, indicating buying interest. If the price continues to hold above this level, it suggests strength and a potential move higher. Potential Move: The green arrow suggests a bullish move expectation from the current support level. If the price respects the support and continues to show buying pressure, the next target could be the previous highs or new resistance levels above.
Long
by Day_Trading_Attack_Penguins
Trendline H1 ! Set up SELL, test support⭐️ Smart investment, Strong finance ⭐️ Personal comments NOVA: GBPAUD today will have notable GBP news, affecting current prices. Trade with today's news data ⭐️ SET UP GBPAUD PRICE: 🔥SELL zone: 1.96300 - 1.96500 NOW SL 1.96800 TP1: 1.96000 TP2: 1.95500 TP3: 1.94000 ⭐️ Technical analysis: Trendline H1 , test support and NEWS GBP TODAY ⭐️ NOTE: Note: Nova wishes traders to manage their capital well - take the number of lots that match your capital - Takeprofit equal to 4-6% of capital account - Stoplose equal to 2-3% of capital account - The winner is the one who sticks with the market the longest
Short
by Nova-Scalper
5