GBPAUD 23.12.2024Price mitigated Weekly POI, give us bos to downside on 4H. Price hasn't mitigated 50 fib level of bearish move. I consider new HH as a liquidity to be taken out before price will go to mitigate Daily and Weekly FVG.
AUDGBP trade ideas
GBPAUD sell at 2.0085 with stop 2.0285 and TP at 1.9565 Fundamentally, expecting BoE cut in feb 2025 earlier than RBA in 2025 also price action looking overstretched for GBPAUD. Although mkt expecting 2 rate cut based on recent data but i still like to follow BoE Bailey already given a clear forward guidance 4 cut next year.
GBPAUD Bullish Trade Idea from 2.00381-2.0082GBPAUD Bullish Trade Idea
The price fell from the 2.02834 zone and hit back the 2.00381 zone, just respecting the recent support level.
Now the important question is: does the price just test back and wait for the confirmation candle over this zone to reach the next level?
In H4, the bear pressure will increase over time, and the volume increased with sentiments also showing that more volume on the buy side. and the major zone will be tested.
Key level: if the market breaks the support, then we must see at the 1.99567 zone, but on the other side, the Pound index is strong enough.
When the market breaks the 2.00820 level, put buy trade.
Buying zone: 2.00381 - 2.0082
Stop loss: 1.99778
Take Profit Level: 2.0158-2.02763
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GBPAUD-SELL strategy 12 hourly The pair is under pressure, and indicators are mainly negative. It is possible we may see a move towards 1.9550 in the medium-term.
Strategy SELL @ 1.9840-1.9880 and take profit near 1.9590.
Macroeconomic analysis, positioning, technical analysis. Short GHello everyone, today I want to share a trading idea that recently triggered my short entry.
The GBP/AUD pair is hovering near period highs not seen since 2020.
I think in the short term we might witness some pullback. Let’s analyze the situation.
MACROECONOMIC ANALYSIS
- Data
The latest data reflects a marked improvement in the Australian labor market, with the unemployment rate beating expectations. A rise to 4.2% was forecasted, but the figure dropped to 3.9%. This comes after the RBA decided to keep the reference rate unchanged, adopting a dovish tone compared to recent statements. It remains to be seen if this data could shift the narrative once again.
- Economic growth
The positioning and momentum on the pound indicate confidence that the economy could grow by 2025 or that inflation will remain stickier than expected. This affects the BOE’s monetary policy decisions. Interest rates have risen more than in other economies and are now at their peaks. On the other hand, the BOE recently adopted a dovish tone, suggesting the possibility of four rate cuts in 2025.
In a recent article, Goldman Sachs highlighted that the UK’s growth might underperform expectations. UK GDP is expected to grow by 1.2% in 2025, slower than the Bank of England's 1.5% projection and slightly below Bloomberg's consensus estimate of 1.3%. The team predicts growth of 0.4% in the first quarter of 2025 compared to the last quarter of 2024, with a slowdown to around 0.25–0.30% quarterly for the remainder of the year. They also foresee inflationary pressures easing through 2025, paving the way for deeper rate cuts than currently priced in by the market.
www.goldmansachs.com
- Interest rates
Interest rates in the UK have risen more than in other economies, reaching a peak of 4.6%, reflecting aggressive rate policies. Meanwhile, AUD/USD movements appear closely tied to Chinese rates, which are at historic lows, potentially priming for a rebound and, consequently, a recovery in the cross, due to potential stimulus measures for the Chinese economy.
POSITIONING
- COT (Commitment of Traders)
Let’s analyze the COT to check for extremes on either side.
www.tradingster.com .
Long positioning on the pound is at its highest since 2018, while for the Australian dollar, we are in negative territory after a decline. Momentum does not favor either currency, as traders are offloading or increasing short positions.
SEASONALITY
We are entering a period of strong negative seasonality for the pound, which typically tends to decline from the first week of December until the end of the month.
TECHNICAL ANALYSIS
From a chart perspective, the pair has just broken a dynamic trendline support on the 4H chart after a strong rally to period highs. The RSI clearly shows overbought conditions with bearish divergence.
Entry: Upon the break or retest of the trendline.
Stop Loss: Above the volume area signaling the break.
Take Profit: Near the volume area supporting the price.
Thanks for your attention!
GBPAUD move lower to mid point of trendMacro trendline is bullish.
Alert placed around 1.99 for a short to 1.97 (200pips).
Id like to see a internal liquidity sweep inside the 4H FVG and well inside the premium zone.
Target would be 50% fib level and weekly support at 1.97. A break of this zone could see a deeper move to grab Liquidity at 1.95.
News this week will determine the size of the move..
GBP news
- unemployment rate
- PPI
- inflation rate
- interest rate decision
- retail sales (less important)
This is an idea only, do your own research.
Happy trading
18.12.24 Morning ForecastPairs on Watch -
FX:EURNZD
FX:EURAUD
FX:GBPAUD
A short overview of the instruments I am looking at for today, multi-timeframe analysis down to what I will be looking at for an entry. Enjoy!
GBPAUD SetupGBPAUD Currently Pair and I have Potential Bearish Setup.
Current Price 1.99100
1st Support 1.97600
2nd Support 1.95523
Price Rejection 1.99100 acts as strong resistance we Could see a move lower towards the 1st Support at 197600 A break Below then 2nd Support 1.95523
You Can See More Details In the Chart.
GBPAUD: 600+ pips, possible big move happening soon! Dear Traders,
We have an excellent selling opportunity coming up where we can see price dropping in no time, and can help us gain few hundred pips. We hoping for this trade to be completed in two weeks time. Please watch the price carefully. Thank you.
GBPAUD: Market of Sellers
The analysis of the GBPAUD chart clearly shows us that the pair is finally about to tank due to the rising pressure from the sellers.
❤️Please, support our work with like & comment!❤️
GBPAUD I Correction and more potential growthWelcome 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.
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Thanks for your continued support!Welcome back! Let me know your thoughts in the comments!
Sell OpportunitySignal: Sell
Instrument: GBP/AUD (British Pound / Australian Dollar)
Timeframe: 4-Hour Chart
Entry Price: 2.01168 (current price level)
Stop Loss: 2.02085 (above recent high resistance, ~91.7 pips)
Take Profit: 1.95160 (target zone, ~600+ pips)
Risk-Reward Ratio: 6.64 (high reward relative to risk)
Technical Analysis:
Resistance Rejection:
The price has reached strong resistance near 2.02085 and shows signs of rejection, creating a bearish opportunity.
Volume Profile:
The volume profile indicates high volume at lower levels, suggesting a potential return toward equilibrium around the 1.97968 and 1.95140 zones.
Support Levels:
The target aligns with historical support zones around 1.95140, where price consolidation has occurred before.
Risk/Reward Ratio:
The setup has a favorable risk-reward ratio of 6.64, making it a high-probability trade.
GBPAUDWe can see that inverted head and shoulder which neckline has been broken. And we have just bounced off a strong H4 support which was resistance.
Weekly CLS, HTF OB, Liquidity Stop Hunt, model 2Weekly CLS, HTF liquidity Stop Hunt, model 2
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 better trader
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Bearish to Bullish Play for the Week on GbpAudAfter thorough analysis through each timeframe I have concluded that GA is Bullish on a Weekly Level after my Weekly Red Trendline broke for a 2nd time to the upside, with that in mind in the 1hr-4hr TF it has broke my blue trendline to the bearish side suggesting a possible retest to the Inbalance around 1.96700-1.96500, only way I would change my bearish outlook from current price is if we break thru 1.99200 to the bullish territory. If the sell plays out turning into a buy midweek closing the week out around 1.98500-1.99000 it would make a weekly doji building up for next weeks play.. BUT let’s see if we can catch this weeks play 1st lol.. may the markets be on our side !
GBP/AUD BEARISH BIAS RIGHT NOW| SHORT
Hello, Friends!
GBP/AUD pair is trading in a local downtrend which is red. On the 9H timeframe the pair is going up. The pair is overbought because the price is close to the upper band of the BB indicator. So we are looking to sell the pair with the upper BB line acting as resistance. The next target is 1.969 area.
✅LIKE AND COMMENT MY IDEAS✅
Swing Short for GBPAUDI am expecting the Antipodean currencies to rebound hard next year, as I feel a risk on sentiment will return to the markets.
GBPAUD Analysis And Next Market MovePair Name = GBPAUD
Timeframe = D1
Analysis = technical + fundamentals
Trend = Bullish
Details :-
GBPAUD has completed the retesting period. Now her getting a good volume. Expecting here 200 Pips + gain
GBP is getting stronger day by day. Getting good bounce from this support level.
Bullish Target:-
2.050
2.040
GBPAUDspike, three corrections, v-fromation, consolidation, and if I see a break out, I most likely enter a long trade with a tp 2
GBPAUD SHORTSWeekly : price is reaching a resistance that has not been broken since March 20' with this being the third attempt since then.
Daily : price is rejecting for the third time level of resistance at 2.01000
4h : bullish structure. Now rejecting from round psych level.
1h : I am expecting price to continue its move down, breaking and creating previous/new lower low at 2.00000 which is also an interesting round psych level.
GBPAUD - LONG!As simple as they come
Support level held at 1.9823
Ascending channel providing additional upward support for this pair
Wedge consolidation pattern with resistance line broken suggesting bullish continuation
Trade with the overall uptrend of this pair
