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Gbpaudanalysis

GBPAUD SKI TRIPExpecting G/A to grab a few more pips from the resistance indicated by .50 Fibonacci, followed by a decline, breaking off the structure. Most indicators point toward a decline, but the GBP seems to have other plans, so do not make any decisions yet. The trigger is coming in hot right when the markets re-open on Monday. Been working on my chat analysis for some time now, I am still new to live trading as I have been working on my P.A strategy. Insights and tips are very much welcome. Iron sharpens iron, so let's trade and grow together. Happy Hunting.
Short
by willemzen
1
A Unique Perspective on GBPAUD PairBased on our analysis, we anticipate a bullish trend for the GBPAUD pair in the coming weeks. The fundamental factors indicate a relatively stronger outlook for the GBP compared to the AUD. Positive economic data and improving sentiment in the UK, coupled with potential uncertainties surrounding the Australian economy, suggest a favorable environment for the GBPAUD pair. Our profit target for this trade idea is set at 1.97500, representing a significant upside potential. We anticipate a gradual appreciation of the GBP against the AUD as market conditions align with our analysis. To manage risk, we establish a stop loss area at 1.87900. If the trade goes against our prediction and the price reaches this level, we would exit the trade to limit potential losses.
Long
by chsrg
GBP AUD Sell Opportunity (Pullback)-Price previously sold off and found support at the 1.85 QP level -On the weekly TF, price closed as an indecision candle/morning star candlestick pattern, hinting that price was ready to began a bullish push. -On the daily TF, price formed a double bottom, then made a bullish push before reaching a resistance/supply zone. - I am anticipating price to make another bullish attempt but sellers ultimately remaining strong and price possibly closing as an indecision candle/even star candlestick reversal pattern. - I believe price will pull back and test the area 1.8801-1.86735.
Short
by NoCeilingsTrading
GBPAUD Sell & Buy Setup On H4GBPAUD is currently trading at 1.8863. If it is rejected from the resistance area, which is at 1.8902, it will then move down to the support level at 1.8744. However, if it successfully breaks above the resistance area, you can consider buying on its retest, aiming for the next resistance at 1.9165 for GBPAUD. Disclaimer: The information provided is for general informational purposes only and should not be considered as professional advice. Use at your own risk.
by ShaaniReal