GBPAUD.P trade ideas
GBPAUD MARKET ANALYSIS AND PRICE PREDICTIONGBPAUD, has mitigated an order block and has cleared off the Buyside Liquidity. Consolidation has ended and decision has been taken in favor of the BEARS. Market is now retracing downward to mitigate and unmitigated order block. A structure has already been broken on 4 Hours timeframe. Market may retrace a bit to give the Bears a perfect entry Entry.
Entry, Take Profit And Stop Loss Are Well Stated on The Chat.
GOOD LUCK GUYS!
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.
GBPAUDspike, slow down three minor corrections, v-formation and break out are all signs for me to go long in 5min time fram.
GBP/Aud Simple trendline with resistance I've noticed a break out from a ranging market still respecting a bullish trendline up to the next resistance is my target.
GBPAUD buy Trade IdeaHello Traders
In This Chart GBP/AUD 4 HOURLY Forex Forecast By FOREX PLANET
today GBP/AUD analysis 👆
🟢This Chart includes_ (GBP/AUD market update)
🟢What is The Next Opportunity on GBP/AUD 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
GBPAUD 4HGBPAUD 4H📊
1. Trend- Bullish on 4H and Daily timeframe
2. Current phase- Retracement stage (re-accumulation)
TRADE APPROACH (Expectations)
1. We are currently seeing price move inside our weekly range that broke structure. Price is bullish and below our 50% Fibo level we have 2 demand zones + FVG that may inject more orders to refuel the current bullish trend. We expect price to open high and move lower towards our liquidity zones.
2. If price successfully accumulates enough orders to take out swing low as sellside liquidity, we will see more bearish momentum and trading zones (Supply zones will form) during the week distributing price downside targeting further further sellside liquidity until next unmitigated demand zone is met on the higher timeframe.
📈 Further updates to be posted later this week.
GBPAUD: Strong Resistance in Play – What’s Next?Welcome back! Let me know your thoughts in the comments!
** GBPAUD Analysis !
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!
GBPAUD TF H4 Zone EntryD1 Bullish Engulfing very strong!!!
H4 have Demand zone two Zone
Zone Reentry : 1.99079
TP 1 : 2.00392
TP 2 : 2.02772
HAVE A GOOD DAY^^
Backtesting GBPAUD Feb 2024 (Pattern Separation)Here I have backtested GBPAUD Feb 2024. I am looking to train myself to see patterns and read messages from the market in order to sharpen my technical skills.
-1R Selling GBPAUDHello!!! this trade Is nice, let me take you through the pros and cons.
Cons:
A trendline with only 2 touches I don't even need to explain how silly this is.
I labelled this as supply which is very silly considering that there was no big moves after the breakout of this level.
Pros:
The pivot was on the right trade but this trade was forced.
Bearish Butterfly Pattern at 2.0287: Potential PullbackPEPPERSTONE:GBPAUD
The pair is currently forming a bearish butterfly pattern at the 2.0287 level, aligning with the 127% Fibonacci extension. This setup indicates a potential pullback toward the Fibonacci retracement levels, projected below 1.9850. This scenario implies a retest of the weekly fractal resistance, broken at 1.9884.
Bearish butterfly pattern forming at the 2.0287 level.
Suggests a potential pullback;
Pullback target: Fibonacci retracement levels below 1.9850.
Potential retest of weekly fractal resistance at 1.9884.
Signs of bearish divergence emerging on the RSI.
Note: Ensure proper risk adjustments and capital protection by setting stop-loss orders and managing position sizes accordingly to mitigate potential downside risk.
#002 NEW2 DCA GBPAUD UP TREND5D range, higher high higher low, strongest trending pairs.
I think I would DCA if price goes against me, but then there would be another new problem, when is too much dca too much and when should we say its too much and cut loss?
I'll need help Mr. Nick Shawn.
1725SGT 18122024
GBPAUDThe potential BUY scenario for the pair next week:
The pair is to be monitored as it approaches the designated BUY zones on the chart.
GBPAUD Massive Long! BUY!
My dear subscribers,
This is my opinion on the GBPAUD next move:
The instrument tests an important psychological level 1.9840
Bias -Bullish
Technical Indicators: Supper Trend gives a precise Bullish signal, while Pivot Point HL predicts price changes and potential reversals in the market.
Target - 1.9916
About Used Indicators:
On the subsequent day, trading above the pivot point is thought to indicate ongoing bullish sentiment, while trading below the pivot point indicates bearish sentiment.
———————————
WISH YOU ALL LUCK
Fri 13th Dec 2024 Daily Forex Charts: 8x New Trade SetupsGood morning fellow traders. On my Daily Forex charts using the High Probability & Divergence trading methods from my books, I have identified 8x new trade setups this morning. As usual, you can read my notes on the charts for my thoughts on these setups. The trades being a EUR/USD Sell, GBP/USD Sell, Silver Sell, AUD/CHF Buy, EUR/AUD Sell, GBP/AUD Sell, AUD/NZD Buy & CAD/CHF Buy. I also discuss some trade management. Enjoy the day all. Cheers. Jim
GBPAUDWe can attempt to buy GBPAUD from specified level as it make HL , also bullish divergence occur indicate that it moves upward.
SL , TP mention in chart.
GBPAUD BUY OPPORTUNITY.OANDA:GBPAUD
Gbpaud
Higher Time structure is bullish. 4H tf we got break on the upside with good bullish momentum. possible buy opportunity if it retrace back to 0.5 level.
GBPAUD also strong & breakout ready like GBPNZD & EURNZD
This one is travelling nicely in all of the high time frames.
It seems to be the Pound is strong at the moment. At least against the banana republic nation Aust. & the sheep nation NZ.
GBP/AUD SENDS CLEAR BULLISH SIGNALS|LONG
Hello, Friends!
We are targeting the 1.989 level area with our long trade on GBP/AUD which is based on the fact that the pair is oversold on the BB band scale and is also approaching a support line below thus going us a good entry option.
✅LIKE AND COMMENT MY IDEAS✅
GBPAUD - LONG (Quick trade)A quick trade. Price needs a breather.
Better price action on shorter time frame 5min, but I can't post that due to 15min limitation
GBPAUD - 4 Year Plan. Over 8,000pips To Be Made! Here we have the 2week chart of GBPAUD.
Wave A = 5 wave Leading diagonal.
Wave B = Complex WXY correction (3x3x3)
Wave C = Expecting 5 Waves
We are currently on final part of Wave B. As mentioned above, Wave B is a WXY correction so each part has 3 subwaves. We are in Wave Y, subwave B.
We believe the top has been made for wave subwave B and so we can look to trade the minor wave c (red move) with stops above the current highs.
GBPAUD 2D Chart
Trade Idea (Red Move):
- Risk entry on market open
- Stops above invalidation level
- Targets: 1.915 (800pips), 1.86 (1400pips)
Once the red move is done, we can focus on the blue move.
Goodluck and as always, trade safe!
