Long Position Idea for GBP AUDUsing Fibonacci retracement. Risk Reward 1:3 ! Let's see what happens.
GBPAUD.P trade ideas
GBPAUD Potential Sell Idea- 1:8Ideal entry zone above invalidation above some resistance areas, see pound weakness continue whilst Aud has held around support levels.
GBP/AUD finalising bull run before we test ResistanceHi dear traders, we are joining with the GBP/AUD after it already confirmed it's uptrend structure so we can extract a decent amount of pips until we go to the next Strong Resistance line and we find the proper direction as to where would we follow up with this Currency Pair.
Current entry 1.95250
Target : 1.96300
When we go to a point of surpassing the Resistance Line we would revisit this pair so we can see if there is a safe landing into extracting more value before the next structure formulates.
GBP/AUD Rallying On Antipodean Weakness..Antipodean currency pairs (alike GA, EA, GN, EN) have rallied continuously post GDP data out of AUS and the direct easing bet increase.
This brings about clear short opportunities as labelled.
Bearish drop?GBP/AUD is reacting off the resistance level which is a pullback resistance that lines up with the 138.2% Fibonacci extension and could drop from this level to our take profit.
Entry: 1.9787
Why we like it:
There is a pullback resistance that lines up with the 88% Fibonacci retracement,
Stop loss: 1.9878
Why we like it:
There is a pullback resistance level.
Take profit: 1.9650
Why we like it:
There is a pullback support level that lines up with the 50% Fibonacci retracement.
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GBPAUD: Short Signal with Entry/SL/TP
GBPAUD
- Classic bearish formation
- Our team expects fall
SUGGESTED TRADE:
Swing Trade
Sell GBPAUD
Entry Level - 1.9732
Sl - 1.9827
Tp - 1.9555
Our Risk - 1%
Start protection of your profits from lower levels
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GBPAUD-SELL strategy 6 hourly chart GANN SQThe pair spiked this morning, and broke through 1.9617 - and previously 1.9576. Now we are in resistance area, which could be strong levels to watch. It is very overbought short-term,and move back towards 1.9575 is possible again.
Strategy SELL @ 1.9690-1.9720 and take profit near 1.9607 for now.
GBPAUD TO 1.9600 TODAY?Trading Plan
1. Baseline Scenario:
- Macro-Fundamental Bias: Neutral to Dovish . The RBA is expected to maintain a cautious stance on interest rates, with markets anticipating a quarter-point rate cut by May 2025 and rates ending 2025 at 3.85%. This expectation is based on the need for more progress in reducing core inflation to the 2-3% target range.
- Short Term Sentiment Bias: Bearish . The AUD is under pressure due to its role as a proxy for the Chinese yuan, influenced by US tariff risks and ongoing economic uncertainties in China. Additionally, Australia's current account deficit and weak export data contribute to the negative sentiment.
2. Risk Event Baseline :
- Market Expectations :
- Australian GDP (QoQ) Q3: Consensus at 0.5% (previous: 0.2%).
- Australian GDP (YoY) Q3: Consensus at 1.1% (previous: 1.0%).
- China Caixin Services PMI (Nov): Consensus at 52.5 (previous: 52.0).
3. Surprise Scenarios:
- Negative Surprise :
- Australian GDP: If GDP figures come in below expectations, it could exacerbate the bearish sentiment, leading to further AUD selling.
- China Caixin Services PMI: If the PMI is weaker than expected, it could further pressure the AUD due to its correlation with the Chinese economy.
Bearish drop off pullback resistance?GBP/AUD is rising towards the resistance level which is a pullback resistance that is slightly below the 61.8% Fibonacci retracement and could drop from this level to our take profit.
Entry: 1.9613
Why we like it:
There is a pullback resistance level that is slightly below 61.8% Fibonacci retracement.
Stop loss: 1.9784
Why we like it:
There is a pullback resistance level that aligns with the 127.2% Fibonacci retracement.
Take profit: 1.9381
Why we like it:
There is a pullback support level.
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Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Everest Fortune Group’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Everest Fortune Group.
GBPAUD Technical Analysis! SELL!
My dear subscribers,
This is my opinion on the GBPAUD next move:
The instrument tests an important psychological level 1.9533
Bias - Bearish
Technical Indicators: Supper Trend gives a precise Bearish signal, while Pivot Point HL predicts price changes and potential reversals in the market.
Target - 1.9439
My Stop Loss - 1.9597
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.
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WISH YOU ALL LUCK
GBPAUD-SELL strategy 12 hourly chart GANN SQThe pair seems under pressure, and I feel we may see the test of 1.9415 area now. Stochastic is negative and so is Fisher.
Strategy SELL @ 1.9520-1.9565 and take profit near 1.9415.
GBP/AUD: Downside Bias Intensifies Amid Completion of Head and STechnical Analysis
The GBP/AUD pair currently exhibits a downside bias, underpinned by the confirmed head and shoulders pattern. If buyers fail to overcome resistance at 1.95451, further declines towards the outlined support levels are likely.
Key Events to Watch
While Tuesday does not feature any major scheduled events specifically impacting GBP/AUD, market participants are closely monitoring Wednesday's release of Australia's economic growth data and the United Kingdom's Purchasing Managers' Index (PMI) figures. These data points could significantly affect volatility in the pair, particularly if the results diverge substantially from consensus expectations.
Read the full article on our website:
erranteacademy.com
#GBP #AUD Short Set UpBeautiful rising wedge. Shorting at current price 1.95148
Entry 1.95148
Stoploss 1.95788
TP-1 1.94508
TP-2 1.93868
GBPAUD heading higher towards w-pH(=previous week's high) @19573Bulls find strength upon testing w-pL on Monday and have been bullying the bears. Today, bulls reclaimed previous month's midpoint (=m-pMP) and are heading higher towards the confluence of m-pC, w-pH.
GBPAUD strong bullish expectations
GBPAUD trend based analysis, we have seen in the last periods bullish trend, currently price on zone and we can see ASCENDING TRIANGLE pattern, +technicals are strong bullish.
SUP zone: 1.94200
RES zone: 1.96300, 1.96800
GBP_AUD PULLBACK AHEAD|SHORT|
✅GBP_AUD is going up now
But a strong resistance level is ahead at 196.500
Thus I am expecting a pullback
And a move down towards the target at 1.9538
SHORT🔥
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GBPAUD: Short Trade with Entry/SL/TP
GBPAUD
- Classic bearish pattern
- Our team expects retracement
SUGGESTED TRADE:
Swing Trade
Sell GBPAUD
Entry - 1.9584
Stop - 1.9646
Take - 1.9436
Our Risk - 1%
Start protection of your profits from lower levels
❤️ Please, support our work with like & comment! ❤️
GBPAUDGBPAUD
This is my point of view today
Help me if there is a mistake
Or tell me your point of view
GBPAUD-SELL strategy 6 hourly GANN SQThe pair is likely to touch 1.9616 area, and from there I would expect a decline (minor correction) back towards 1.9527, and if broken through maybe even 1.9467.
Strategy SELL @ 19605-1.9620 and take profit near 1.9533 for now.
Scenario on GBPAUDAccording to this analysis, it is quite likely that a double top has formed in the market, and especially the second top is subdivided into at least two more, which only strengthens my decision to short this market. However, nothing has been decided yet. We are waiting for a test of resistance at the level of 1.956539, then I will monitor the marked zone where a decision should be made. For now, I am staying away.
Buy GBP/AUD Triangle BreakoutThe GBP/AUD pair on the M30 timeframe presents a Potential Buying Opportunity due to a recent breakout from a Triangle Pattern. This suggests a shift in momentum towards the upside and a higher likelihood of further advances in the coming hours.
Possible Long Trade:
Entry: Consider Entering A Long Position Above The Broken Trendline Of The Triangle After Confirmation. Ideally, This Would Be Around 1.9525
Target Levels:
1st Resistance – 1.9578
2nd Resistance – 1.9606
Your likes and comments are incredibly motivating and will encourage me to share more analysis with you.
Best Regards, KABHI FOREX TRADING
Thank you.
GBP/AUD SELLERS WILL DOMINATE THE MARKET|SHORT
Hello, Friends!
GBP/AUD pair is in the uptrend because previous week’s candle is green, while the price is evidently rising on the 9H timeframe. And after the retest of the resistance line above I believe we will see a move down towards the target below at 1.939 because the pair overbought due to its proximity to the upper BB band and a bearish correction is likely.
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