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Australian Dollar/British Pound

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AUDGBP trade ideas

Bearish drop?GBP/AUD has reacted off the pivot and could drop to the 38.2% Fibonacci support. Pivot: 1.9948 1st Support: 1.9767 1st Resistance: 2.0104 Risk Warning: Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Forex and CFDs may not be suitable for all investors, so please ensure that you fully understand the risks involved and seek independent advice if necessary. Disclaimer: The above opinions given constitute general market commentary, and do not constitute the opinion or advice of IC Markets or any form of personal or investment advice. Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, are intended only to be informative, is not an advice nor a recommendation, nor research, or a record of our trading prices, or an offer of, or solicitation for a transaction in any financial instrument and thus should not be treated as such. The information provided does not involve any specific investment objectives, financial situation and needs of any specific person who may receive it. Please be aware, that past performance is not a reliable indicator of future performance and/or results. Past Performance or Forward-looking scenarios based upon the reasonable beliefs of the third-party provider are not a guarantee of future performance. Actual results may differ materially from those anticipated in forward-looking or past performance statements. IC Markets makes no representation or warranty and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast or any information supplied by any third-party.
Short
by ICmarkets
GBPAUD Wave Analysis 12 December 2024 - GBPAUD reversed from resistance zone - Likely to fall to support level 1.9800 GBPAUD currency pair recently reversed down sharply from the resistance area between the upper daily Bollinger Band, key resistance level 2.0045 (former multi-month high from April) and the resistance trendline of the wide daily up channel from October. The downward reversal from this resistance zone created the daily Japanese candlesticks reversal pattern Shooting Star Doji. Given the strength of the aforementioned resistance area and the overbought daily Stochastic, GBPAUD currency pair can be expected to fall further to the next support level 1.9800.
Short
by FxProGlobal
GbpAud- Long term outlookAfter a strong reversal from the 1.6 low, which gained 4,000 pips, GBP/AUD encountered significant resistance around the 2.0 zone. This resistance led to a prolonged consolidation phase lasting over a year. On the weekly chart, this consolidation appears to have formed an ascending triangle, a bullish continuation pattern. At this point, there is a high probability of a genuine breakout to the upside. If the breakout occurs and holds, we can anticipate a continuation of the uptrend, potentially adding another 2,000 pips to the pair's upward movement. Interim resistance lies near the 2.08 level, which could serve as a target for swing traders or a key area to monitor for price action.
Long
by Mihai_Iacob
GBPAUD I Potential long opportunity after completed correctionWelcome 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!
Long
by BKTradingAcademy
GBP/AUD - Test on extremely overbought levelsHi friends our next opportunity that we would take a look is GBP/AUD , as of now the pair ended up reaching overbought levels above 100 in the RSI , on 1H and 4H time frames, so we would be testing out with a retracement pannel to the previous strong resistance level before acknowledging what would be the next move, previously on the up-side we had tremendeous success with this trade Entry : 1.99200 Target 1: 1.98782 Target 2 : 1.97952 Stop loss : 1.99700 As always my friends happy trading! P.S. If you have questions or inquiries about one of my existing set-ups or personal questions / 1 on 1 sessions consider joining my channel so you can follow up with me in private!
Short
by DG55Capital
3
GBPAUD at most important resistance since 2020The GBP/AUD pair shows a notable pattern on the daily chart, displaying a clear uptrend that has persisted since July 2024, characterized by rising lows but encountering resistance at the 2.000 level. Recently, the price approached 1.9967, a significant resistance level not seen since 2020. This level is pivotal, not just as a historical high, but also as a key psychological barrier near the round number of 2.000. Following this resistance testing, the price has begun to exhibit signs of weakness, indicating a potential reversal or at least a short-term correction. Current Market Context The bullish trend has been backed by a distinct ascending trendline connecting the key lows. However, as the price neared the 1.9967 resistance, candles with long upper shadows emerged, signaling rising selling pressure. Potential Sell Opportunity: Close Below 1.9735 A close below 1.9735 would result in a Bearish Engulfing pattern, where a bearish candle completely covers the previous bullish one, indicating a shift in market sentiment toward sellers. In this context, closing below 1.9735 would validate this pattern and support a potential sell-off. Characteristics of the Potential Sell Trade: Entry Point: Approximately 1.9730 (upon a close below 1.9735). Stop Loss: 2.0010, above the recent high, to guard against false breakouts. First Target: 1.9350 (380 pips away), aligning with significant support from November, where the price faced strong rejection previously. Second Target: 1.9150 (580 pips away), corresponding to an even stronger support level, reinforced by the long-term ascending trendline. Risk-Reward Ratio: Risk: 280 pips (from 1.9735 to the stop at 2.0010). Reward: First Target: 380 pips (Risk-Reward Ratio: 1.35). Second Target: 585 pips (Risk-Reward Ratio: 1.52). This scenario presents an attractive opportunity for traders seeking a short-term trend reversal. Scenario: Breakout of 2.000 Resistance Conversely, if the price breaks and closes above 2.000, this historical resistance would be invalidated, potentially allowing the uptrend to continue. In this case: Entry: Close above 2.000. Stop Loss: 1.9900, positioned below the broken resistance to protect against retracements. First Target: 2.0100 (90 pips from the entry), a significant psychological level likely to attract market interest. Second Target: 2.0250 (240 pips from the entry). Signals Against Selling: A breakout candle with increasing volume above 2.000. Sustained closes above the resistance, indicating buying momentum. In this scenario, the bullish structure would resume, with buyers regaining control. Summary The GBP/AUD pair is at a critical juncture. A Bearish Engulfing pattern following a close below 1.9735 could present a viable sell opportunity, supported by clear targets and a favorable risk-reward ratio. Conversely, a break above 2.000 could pave the way for new highs, sustaining the uptrend. Traders should closely observe price movements in the upcoming sessions to determine the likely outcome. Disclaimer: 74% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. Past performance is not necessarily indicative of future results. The value of investments may fall as well as rise and the investor may not get back the amount initially invested. This content is not intended for nor applicable to residents of the UK.
Short
by Marketscom
GBP/AUD "Pound vs Aussie" Forex Bank Heist Plan on Bullish SideHola! Ola! My Dear Robbers / Money Makers & Losers, 🤑 💰 This is our master plan to Heist GBP/AUD "Pound vs Aussie" Forex Bank based on Thief Trading style Technical Analysis.. kindly please follow the plan I have mentioned in the chart focus on Long entry. Our target is Red Zone that is High risk Dangerous level, market is overbought / Consolidation / Trend Reversal / Trap at the level Bearish Robbers / Traders gain the strength. Be safe and be careful and Be rich. Entry 📈 : Can be taken Anywhere, What I suggest you to Place Buy Limit Orders in 15mins Timeframe Recent / Nearest Low Point take entry should be in pullback. Stop Loss 🛑 : Recent Swing Low using 4H timeframe Attention for Scalpers : Focus to scalp only on Long side, If you've got a lot of money you can get out right away otherwise you can join with a swing trade robbers and continue the heist plan, Use Trailing SL to protect our money 💰. Warning : Fundamental Analysis news 📰 🗞️ comes against our robbery plan. our plan will be ruined smash the Stop Loss 🚫🚏. Don't Enter the market at the news update. Loot and escape on the target 🎯 Swing Traders Plz Book the partial sum of money and wait for next breakout of dynamic level / Order block, Once it is cleared we can continue our heist plan to next new target. 💖Support our Robbery plan we can easily make money & take money 💰💵 Follow, Like & Share with your friends and Lovers. Make our Robbery Team Very Strong Join Ur hands with US. Loot Everything in this market everyday make money easily with Thief Trading Style. Stay tuned with me and see you again with another Heist Plan..... 🫂
Long
by Thief_Trader
GBPAUD-SELL strategy 6 hourly chart GANN SQThe pair had an impressive rally from few days ago from 1.9760 area, and it looked as if we may have stopped around 1.9950. However, we broke through GANN resistance of the same, and spiked thereafter, and even so early awhile ago. From technical perspective and STRONG GOLD price, the cross is way overdone, and even though we moved higher, it still means a return to re-test1.9760 is my humble view point. Strategy SELL or add @ 2.0050-2.0090 range and take profit around 1.9780 for now.
Short
by peterbokma