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Australian Dollar/British Pound

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AUDGBP trade ideas

GBPAUD formed a W pattern, Will it break Resistance this time ? The weekly chart shows that it is forming the symmetrical triangle and now the price has moved to near the tip of the triangle for break out. According to the daily chart, there was one attempt of false break out as the price didnot consolidate before the break out and now the Price has consolidated to the neck of the W pattern and trend looks to be bullish ( above 0.5 % Fibonacci retrenchment and soon a breakout is possible on long side. Have a profitable trade.
Long
by CHMVIZ
Sell opportunityThe GBPAUD pair presents an enticing sell opportunity at the current price of 1.951000, with favorable potential for profit. Targets: Primary Target: 1.93600 Secondary Target: 1.89688 Breakout Scenario: 1.92640 In the event of a breach above the resistance level of 1.98600, indicative of a bullish breakout, the target price is anticipated to ascend towards 1.9900. Technical analysis indicates a notable selling sentiment prevailing in the market at the present price level. Fundamental factors align with the proposed sell strategy, suggesting downward pressure on the GBPAUD pair. Prudent risk management measures should be employed to mitigate exposure to potential adverse market movements. Disclaimer: This analysis is provided based on current market conditions and historical price data. Traders are advised to conduct independent research and exercise caution, employing appropriate risk management techniques, before executing any trading decisions.
Short
by GODOCM
GBPAUD - Look for Reversal Long (INTRADAY) 1:3.5!Price failed to establish a new high and is currently ranging (sideways), likely awaiting high-impact news on GBP in the coming days. There's an opportunity to go long, supported by a Double Bottom CP at HTF and a demand zone (RBR). However, if it fails to create a new high, the trend may continue bearish. Risk your trade accordingly! Disclaimer: This is simply my personal technical analysis, and you're free to consider it as a reference or disregard it. No obligation! Emphasizing the importance of proper risk management—it can make a significant difference. Wishing you a successful and happy trading experience!
Long
by S-Fx_
1
GBP/AUD Updates - 15min Chart Overview: This analysis focuses on the potential bullish trend in the GBP/AUD currency pair, using the SuperTrend indicator configured with an ATR of 10, a multiplier of 5, and applying the closing price. The expected target range is highlighted on the 15-minute chart. Technical Setup: Indicator Used: SuperTrend (ATR: 10, Multiplier: 5, Price: Close) Timeframe: 15-minute chart Expected Direction: Bullish Important Note: This analysis is purely technical and based solely on the SuperTrend indicator. It does not consider any fundamental factors and is intended only for educational purposes. It should not be interpreted as trading advice.
Long
by ClearTradingMind
LONG GBP/AUD from 1.9320If you draw Fibonacci levels from the low of March 2013 to the high of August 2015 then you will see the price of GBP/AUD is bang on the 61.8 Fib level. This level coincides with WS1 - weekly Pivot Support S1. These levels should act as formidable support for GBP/AUD. The previous candle to the current one closed as a pinbar running through both these levels. This too is a BULLISH sign and coming as it does on these support levels then this is more evidence that prices may rise. Added to that, we can see that this level has been supported for the last week and a half and numerous attempts have been made by GBP/AUD BEARS to push the price past 1.9320 without success. In fatc there are approximately 13 touches of this support level going back to 7th August and the price has moved away on each occasion. IT has to be pointed out though that every time the price has moved away., GBP/UAD BEARS have pushed the price back down again and its likely they will do so again. As we can get a very tight STOP on LONG trades at 1.9304 this means the risk/reward on GBP/AUD LONGS is highly favourable should the BEARS decide to capitulate. We have no confirming LONG trade signal on the Andean Oscillator on H1 with has the green BUY line reading zero but we do that a signal on M30 and lower time frames. MACD on M15 has crossed over under the zero line and is heading north which is good. I'm not overly confident on this trade but as previously mentioned, the Risk/Reward is high as the WP Mid Pivot is a potential initial target at 1.9410 and if that level of resistance breaks then WR1 at 1.95 is possible but first of all we need to see the price 1.9335 which would confirm that LONG trades would have a chance.
Long
by forextraplaces
10