GA - BUYI am still waiting for the market to break the 1.90502 to strongly begin the continuation of the upside. I will use my TPs to see what the market does at each stage.
GBPAUD.P trade ideas
Trading Signal for GBPAUD - Sell OpportunityGBPAUD Trading Signal
Direction: Sell
Enter Price: 1.89963
Take Profit: 1.89665667
Stop Loss: 1.90341667
We have identified a promising trading opportunity for the GBPAUD currency pair, where we recommend entering a sell position at the price of 1.89963. This signal is generated using the EASY Quantum Ai strategy, which leverages advanced machine learning techniques and historical data analysis.
Justification for the Signal:
1. Technical Indicators: By analyzing the recent price action and technical indicators, it has been observed that GBPAUD is showing signs of a downward trend. The price is currently below the 50-day moving average, and the Relative Strength Index (RSI) indicates a bearish momentum.
2. Support and Resistance Levels: The Enter Price of 1.89963 lies near a recently formed resistance level, suggesting a potential reversal point. Our target Take Profit at 1.89665667 corresponds with a previous support zone, providing a logical exit strategy.
3. Market Sentiment: Sentiment analysis derived from market news, trader positioning, and economic indicators also points towards a bearish trend for the GBPAUD in the short term.
4. Risk Management: The Stop Loss is set at 1.90341667, above the recent highs to mitigate risks in case the market moves against our position.
We believe that following this signal could yield profitable results in the given market conditions. Please remember to perform your own due diligence before entering any trade and consider your individual risk tolerance.
Potential bullish rise?GBP/AUD is falling towards a support level which is an overlap support that lines up with the 23.6% Fibonacci retracement and could bounce from this level to our take profit.
Entry: 1.90141
Why we like it:
There is an overlap support that aligns with the 23.6% Fibonacci retracement.
Stop loss: 1.89863
Why we like it:
There is a pullback support that lines up with the 50% Fibonacci retracement.
Take profit: 1.90703
Why we like it:
There is an overlap resistance level which lines up with the 138.2% Fibonacci extension.
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GbpaudOpportunity on GBPAUD wait for the last push to the upside before the execution of our sell entries.
GBP/AUD LongThe market came from a downtrend, after having a ChoCh and a good BOS, we believe that the market will now going up. We need to be careful with the supply stress zone because the market instead of going up it can be doing a retracement to that zone.
Disclaimer: This is not a financial advice. Trade responsibly.
#forex #GBPAUD
GBP/AUD Analysis: Anticipating a Bullish InitiativeFollowing our previous analysis, the GBP/AUD pair continues to reside within our identified area of attention, particularly around a key Demand area. This area has been filled, and the price has reacted with an initial reversal. Currently, the price hovers around 1.9015, a level of significant interest for several reasons.
Firstly, the COT report reveals that a majority of institutional positions are on the long side. This indicates strong interest from major market players in the upside potential of the GBP/AUD pair, adding credibility to our bullish outlook.
Secondly, our seasonality analysis further supports the case for a bullish initiative. Historically, during this part of the year, the GBP/AUD pair tends to experience growth. This seasonal tendency aligns well with our technical and fundamental observations, providing an additional layer of confidence in our analysis.
From a technical perspective, the initial reversal from the Demand area suggests that buyers are stepping in at this level, supporting the price and preventing it from falling further. This Demand area, around 1.9015, serves as a crucial support zone where buying interest outweighs selling pressure.
In light of these factors, we are actively looking for a bullish initiative. Our strategy involves monitoring the price action for further confirmation of the bullish trend. Key indicators to watch include higher lows and higher highs on shorter time frames, as well as supportive volume patterns that indicate sustained buying interest.
We are also paying close attention to any news or events that could impact the GBP/AUD pair, including economic data releases and geopolitical developments. These factors could provide additional catalysts for the anticipated upward movement.
In summary, with institutional support, favorable seasonal trends, and technical signals aligning, we are poised to capitalize on the bullish potential of the GBP/AUD pair. We will be looking for optimal entry points to enter long positions, aiming to benefit from the expected price appreciation in the coming weeks.
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GBP/AUD ready to start a big move(7/2/2024)GBP/AUD has been trapped between a correction trendline and a support zone. Because of that the price moves back and forth in a tight range.
If the price manages to break the correction line, this will lead the price into the 1.91 zone.
Also, the price has completed a 5-wave impulse before, so any break above the correction line will start a new 5-wave impulse move.
Our technical view has been shown in the chart.
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Thanks For Reading
Team Fortuna
-RC
(Disclaimer: Published ideas and other Contents on this page are for educational purposes and do not include a financial recommendation. Trading is Risky, so before any action do your research.)
GBPAUD created a new LH on a resistance level, 2hrAs we can see on the chart above GBPAUD has been in a bearish trend and respecting the trendlines resistance and its support. And as we can see now that we have created a LH in the trend and we are hopefully going to push below if we are to respect our setup. Previously we have been having a lot of selling momentum. But if we are to sell we will reach the previous LL the pair will create new LL on the trend support structure. But If we are to cross the orange trend in 1.90480 which is our previous LH we will go for buying opportunities.
So far all indications are showing that sellers are in control and more selling opportunities are to come and possibly more if we break the LL.
GBPAUD - more downside ahead ???If I look at the structure and wave extensions and also that we have an overlapping wave pattern that seems to be trapped in a channel the conclusion that I draw is that we will see more downside to finish a wave 4 or what I deem more likely a wave B or X.
You can´t see it on this chart but if we would zoom out what we can see is GBPAUD is in a multi-year corrective phase and will be stuck in it for quite some time (years probably)!
GBPAUD longs Hello traders,
Overall thesis long term for GBPAUD is short. However, price on the 4h timeframe has been forming higher highs indicating that price is going to collect orders t 1.9060 which is my target.
GBPAUD SELL !!At this point, you will see how strong the trend and how it breaks the support area, which means it will be bearish
GBPAUD - BUY explanation - Fingers crossed!If I have truly read the market - what I have said should be what happens! This is the first time I'm capturing a full on reversal BEFORE I get confirmation - so I'm hoping that my perceived knowledge will be accurate, then what I will have is confirmation of what I perceived/analysed. Let's see how this unfolds - Did I really catch the reversal before confirmation?
GBP/AUD +100 Pips , 2 New Entry Valid To Who Missed It !This Is An Educational + Analytic Content That Will Teach Why And How To Enter A Trade
Make Sure You Watch The Price Action Closely In Each Analysis As This Is A Very Important Part Of Our Method
Disclaimer : This Analysis Can Change At Anytime Without Notice And It Is Only For The Purpose Of Assisting Traders To Make Independent Investments Decisions.
GBPAUD - BUYDue to a messy chart in my last idea, I didnt see that my candle in 4hr had actually completed the low after it finished the temp short in my last idea. I have entered into the buy trade of GA, had a small loss due to a messy chart which caused me to misread, however, the strategy was correct, and I have now entered the buy I was referring to
GBPAUD Possible Short Position4H - Re-Entry
1H - 50 EMA Rejection + Bollinger Band
Rejection
15m - Entry in MAHILO
Note:
* Cancel trade or cut-loss when candle close Above MAHI (2 Green Color Lines) in 4H
* 1:3 RRR
* TAYOR
A combination of multiple moving averages and Bollinger Bands is the BBMA OMA Ally strategy. It provides an extensive and reliable examination of market trends and patterns by utilizing the strength of both indicators. It is a multi-time frame analysis
GBP/AUD BEST PLACE TO BUY FROM|LONG
Hello,Friends!
The BB lower band is nearby so GBP/AUD is in the oversold territory. Thus, despite the downtrend on the 1W timeframe I think that we will see a bullish reaction from the support line below and a move up towards the target at around 1.909.
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GA Short - then upside move comingHappy new week everyone - so I've been continuing to follow market structure from last week and I see the same thing - I'm waiting for this C wave to complete in 5M and then there is a move up pending.
sell loading 4 hours data is required for me to have all the confidence to sell here. Quite self explanatory but patients is need especially during NFP week
Bullish rise?GBP/AUD has just bounced off the pivot which acts as a pullback support and could potentially rise to the 1st resistance.
Pivot: 1.8916
1st Support: 1.8869
1st Resistance: 1.9060
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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.
GBPAUD at support Asian Session Update: A lot of support near the 1.8930's as this is a 161% extension and also a strong support zone from May 2024 as well.
GBPAUD Under Pressure! SELL!
My dear followers,
This is my opinion on the GBPAUD next move:
The asset is approaching an important pivot point 1.9288
Bias - Bearish
Safe Stop Loss - 1.9348
Technical Indicators: Supper Trend generates a clear short signal while Pivot Point HL is currently determining the overall Bearish trend of the market.
Goal - 1.9190
About Used Indicators:
For more efficient signals, super-trend is used in combination with other indicators like Pivot Points.
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WISH YOU ALL LUCK
#GBPAUD Anticipation moveIt clearly shows us a shift in Daily TF, So it act accordingly to weekly bias or in a coordinated TF. When it come to H4, You see a shift and outside formation. So we anticipate to take liquidity in H4 outside formation which is similar to weekly bias.
