GBPAUD.P trade ideas
GBPAUD Bearish Continuation: Short Opportunity at ResistanceThe pair is trading around 1.94808 at time of posting, presenting a potential short opportunity as it approaches resistance.
Resistance Zone:
The pair is testing the 1.9480–1.9500 resistance area, which coincides with the 50 EMA and 200 EMA acting as dynamic resistances.
Multiple bearish "3s-Bear" signals highlight selling pressure near this level.
Indicators:
The Stochastic RSI is approaching overbought territory, suggesting the upside momentum may weaken soon.
Volume remains relatively low, indicating a lack of strong buying conviction.
Entry Point:
Consider entering a short position at 1.9480–1.9490, after confirmation of rejection or bearish candlestick patterns (e.g., bearish engulfing).
Stop Loss:
Place the stop loss above the swing high at 1.9530 to account for volatility.
Take Profit:
Target 1: 1.9420 (immediate support level).
Target 2: 1.9350 (major support zone near the "Strong Low").
Risk-Reward Ratio:
This setup offers a favorable risk-reward ratio, assuming price respects the resistance and trends lower.
Notes:
If the price closes above 1.9530, the bearish scenario is invalidated, and the pair may continue higher toward 1.9600. Wait for confirmation signals before entering the trade.
GBPAUD Wave Analysis 27 November 2024
- GBPAUD broke daily down channel
- Likely to rise to resistance level 1.9600
GBPAUD currency pair today broke the resistance trendline of the daily down channel from the end of October (which encloses the earlier downward ABC correction (2) – which stopped earlier at the support level 1.9275).
The breakout of this down channel should accelerate the active impulse wave (3) – which belongs to the higher order impulse wave 3 from October.
GBPAUD currency pair can be expected to rise to the next resistance level 1.9600 (former top of wave B of the previous ABC correction (2)).
GBPAUD - Potential Head and Shoulders PatternAnother one on my Watchlist to trade.
Potential Inverse Head and Shoulders, I will wait to see it the right shoulders forms before any trade
I will update you all
GBPAUD: Short Signal Explained
GBPAUD
- Classic bearish setup
- Our team expects bearish continuation
SUGGESTED TRADE:
Swing Trade
Short GBPAUD
Entry Point - 1.9478
Stop Loss - 1.9542
Take Profit - 1.9372
Our Risk - 1%
Start protection of your profits from lower levels
❤️ Please, support our work with like & comment! ❤️
I promise no analysis paralysis mistake. Huge short here GBPAUD
So, I got a feeling someone else recommended this trade, pasted is the monthly chart of GBPAUD. We see here on the monthly a bearish Double top & moving back to the Weekly price can be seen to be moving down the slope, somewhat.
If you look at the 4hr, 2hr you will see that price has been in a rally to the longways. But that rally is over. On the 60m, 30m you will see a bearish Head n Shoulders which imo is about to send the price south to accommodate price on the monthly chart where its a very bearish TOP 1Top2 as mentioned.
So for mind, GBPAUD is a sell, this is the only short you need for December. Moving from top of a chart on a monthly and traversing down on a double top sell to the bottom of a monthly chart. That is serious profit. But take a look for yourself and see what you think.
Some things change in price action, like MACD bear signals can probably be manipulated. But altering price on a monthly Double top would be very hard.
Price is noticeably falling. Here is the 4HR on right and 1HR left. See the fake bull-run that has turned down now. Small lot size sell is the way to approach it.
Mastering Patience in Trading: A Key to Success🔑 Trading is not just about setups and signals; it's about discipline and patience.
🕒 Sometimes, the best trade is no trade at all. Waiting for the market to come to your level, like in the chart shared earlier today, is what separates amateurs from professionals.
🎯 Remember:
Rushing leads to mistakes.
Patience ensures precision.
Your edge lies in your ability to wait.
How do you cultivate patience in your trading journey? Share your thoughts below!
GBPAUD - Bullish TradeGBPAUD is moving in bearish trend.
No bullish divergence is formed.
Descending channel also indicates continuation of bearish trend.
GBPAUD is going to make new HH The chart shows that the support level has been quite strong for almost one year. So, by making bias on the daily time frame, a couple of good long setups can be found on 4hr or 1hr TFs
GBPAUD - England will continue its economic growth?!The GBPAUD currency pair is located between EMA200 and EMA50 in the 4H timeframe and is moving in its downward channel. In case of failure of this channel, we can see the supply zone and sell within that zone with appropriate risk reward. Continued movement in the channel will pave the way for this currency pair to go down to the demand zones. GBPAUD buy positions can be looked for in two demand zones.
Donald Trump, the U.S. president-elect, has threatened to impose a 10% tariff on all Chinese imports starting January 20, the day his presidency begins. In response, China’s embassy in Washington stated on Monday that neither the United States nor China would win a trade war. Liu Pengyu, the embassy spokesperson, said in a statement: “China believes that economic and trade cooperation between China and the United States is inherently mutually beneficial.”
In Australia, the monthly CPI index remained unchanged at 2.1% year-on-year in October, falling short of expectations for an increase to 2.5%. This marks the lowest annual inflation rate since July 2021. Core inflation indicators provided mixed signals, with CPI excluding volatile items and holiday travel dropping from 2.7% to 2.4% year-on-year. However, the trimmed mean CPI, the preferred measure of core inflation, rose from 3.2% to 3.5%, reflecting persistent inflationary pressures in certain sectors.
Michelle Marquardt, head of price statistics at the Australian Bureau of Statistics, highlighted that declines in electricity and fuel prices had a significant impact on annual CPI. She emphasized the importance of core inflation measures like the trimmed mean in offering deeper insights into inflation trends amid significant price fluctuations.
In the UK, according to the latest Reuters poll, house prices are expected to rise by 3.1% in 2025 and 4.0% in 2026. These figures show slight adjustments compared to September’s survey. In London, house prices are projected to grow by 3.0% in 2025 and 4.0% in 2026.
October inflation data for the UK exceeded expectations. Headline inflation rose to 2.3%, while core inflation unexpectedly increased to 3.3%, and services inflation reached 5.0%. Rising energy costs and a slowdown in declining goods prices were the primary drivers of this inflation increase.
The Bank of England is expected to keep interest rates unchanged in December and cut rates by 25 basis points at its February meeting next year. Overall, the UK’s economic performance appears slightly better than the Eurozone, though it still struggles to achieve sustainable growth and economic recovery.
The UK’s manufacturing PMI dropped to 48.6 in November, with the new orders component falling to 47.0. The services PMI also declined to 50.0. These figures suggest that the Bank of England faces challenges not only in controlling inflation but also in improving economic activity, production, and employment. As a result, the central bank is likely to adopt a cautious and measured approach in its policy decisions, at least for the next month.
GBPAUD Potential Down trend continuationGBPAUD is in a bearish trend, making lower lows, and is pulling back toward the resistance zone and channel border. Recently, the price experienced a false breakout above the previous day's high. A retest of the 1.9500 psychological level may lead to another false breakout at the channel border before continuing downward. The target is the support zone around 1.9240
GBPAUDHere is our view on GBPAUD . Potential short opportunity.
GBPAUD has been in a downtrend for the past month. After GBPAUD broke below the KDZ (Key Demand Zone ) we have made a retest of it. With this in mind, we can speculate that GBPAUD will continue with the trend after making its retest to the KDZ (Key Demand Zone). Our entry is sitting roughly at around 1.94250 . Our SL (Stop Loss) is sitting at 1.95322 as the pair still might try to create a “double top” at the 1.95105 KL (Key Level) . Our TP (Take Profit) is sitting at the bottom of the range roughly at around 1.91261 .
Keep in mind this trade will take some time to be completed.
PARAMETERS
- Entry: 1.94250
- SL: 1.95322
- TP: 1.91261
KEY NOTES
- GBPAUD is in a downtrend for the past month.
- Broke below the KDZ (Key Demand Zone) and is now retesting it.
- Breaks above our SL (Stop Loss) would result in higher prices and possible reverses.
Happy trading!
FxPocket
Lingrid | GBPAUD short from Psychological Level The price perfectly fulfilled my previous idea. It hit the target zone. FX:GBPAUD is currently pulling back towards the resistance zone and the channel border. Before the market moved downward, it created a swap zone where the price changed direction. Overall, the market has been making lower lows, indicating a bearish trend. Recently, the price action made a false breakout above the previous day's high. I believe the market may create another false breakout at the channel border, following a retest of the psychological level at 1.95000. My goal is support zone around 1.92400
Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad 👩💻
Overlap resistance ahead?GBP/AUD is rising towards the pivot and could reverse to the 50% Fibonacci support.
Pivot: 1.9487
1st Support: 1.9338
1st Resistance: 1.9577
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.
GBPAUDBullish trend will continue after retracement as price broke previous high before retracement to fill liquidity, expect a new high to be reached.
GBPAUD long moveGBPAUD chart on the 15 minutes timeframe shows the price trading towards a demand zone, indicating bearish pressure after the earlier upside movement. The pair is approaching a key horizontal support level, a significant area that has previously acted as both support and resistance. This level also aligns with the 88.0 Fibonacci Retracement, adding further confluence for potential price reactions.
If the price breaks below this demand zone, it could signal a bearish continuation, as sellers may gain control. However, if the demand zone holds, there is potential for a bullish reversal, leading to a rebound toward the next supply zone.
GBPAUD Long Trade.GBPAUD is trading in Descending Channel Pattern . we might see upside in GPBAUD from current level to resistance line of Descending Channel Pattern.
Just shorting, you don't have to follow it. Shorting GBPAUD – 196 Pips Target
I'm currently shorting GBPAUD, targeting a 196-pip move to the downside. The market is showing strong signs of bearish momentum, and with technical indicators aligning, this trade looks poised for a solid move lower. Stay tuned as we aim for this profitable drop!
Solid Shoutout to G-RON for the TrendCloud Indicator!
Peace Out!
GBPAUD H1 BULLISHGBPAUD FORMED bullish reversal
divergence in h1 bullish
break the last LH and formed new HH
now its on good support for buying
GBPAUD Will Fall! Short!
Here is our detailed technical review for GBPAUD.
Time Frame: 1h
Current Trend: Bearish
Sentiment: Overbought (based on 7-period RSI)
Forecast: Bearish
The market is approaching a key horizontal level 1.934.
Considering the today's price action, probabilities will be high to see a movement to 1.928.
P.S
Please, note that an oversold/overbought condition can last for a long time, and therefore being oversold/overbought doesn't mean a price rally will come soon, or at all.
Like and subscribe and comment my ideas if you enjoy them!
GBPAUD-SELL strategy 3hourlyThe pair has moved higher yesterday and early this morning as expected, but now the movement has changed. We should likely see lower levels, failing to break above the GANN and coming sessions to see lower lows.
Strategy SELL @ 1.9320-1.9350 and take profit @ 1.9175 for now.
Fridays CLS range high taken, rejection in the OB...Continuation sell trader from the OB
you are welcome to comment with your thoughts and share your charts or questions below, I like any constructive discussion.
What is CLS?
This company is trading for the biggest investment banks and central banks. They trade over 6.5 trillion daily volume. They are smart money of the all markets.
CLS operates in the specific times which will give you huge advantage and precisions to you entries. Focus on that. Its accuracy is amazing.
Good luck and I hope this educational post helps to become a better trader
“Adapt what is useful, reject what is useless, and add what is specifically your own.”
Dave FX Hunter ⚔
