Short Position on GBP/AUD GooD Risk/Reward SetupShort setup on GBP/AUD with risk/reward above 1:3. Entry at 2.0200, stop at 2.0308, target at 1.9815. Good luck!
About British Pound / Australian Dollar
The British Pound vs. the Australian Dollar. Due to its relatively higher interest rates and its correlation to global equity markets, the Australian Dollar is often referred to as a risk currency. Mining, which is Australia’s largest economy sector, has been negatively affected by a slowdown in the global commodity super cycle and a decline in China’s growth.
GBPAUD1.AB=CD is reversal pattran is complete.
2.Divergence at top.
3.Daily time frame bearish engulfing candle.
4.Also bearish flage at 1H TM
Sell stop 1.99974
Stop loss 2.01528
TP 1.98104
Risky LongsBecause we are closer to EOY, trading is generally more risky. But looking at longs on GBPAUD now.
Confluences:
- 2.00500
- 50 fib
- H4 SNR
- H1 Double bottom & retest on neckline
GBP/AUD Analysis – Wyckoff Method (2-Day Timeframe)GBP/AUD pair is currently in a strong key area. According to the Wyckoff method, close monitoring is essential as the price could provide a good setup for either a buy or sell opportunity.
A return into the green range could signal a selling opportunity, especially considering the December 18 candl
GBPAUD Wave Structure Analysis with Multiple Timeframes- 4H swing is bearish => Currently is pullback.
- M15 swing is bullish.
We can look for buying opportunities up to the supply zone of the 4 hour frame. Then if the 15 minute frame gives a bearish reversal signal we can sell down.
GBPAUD SELL signal. Don't forget about stop-loss.
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P.S. I personally will open entry if the price will show it acc
Pound Aussie shortBeautiful price action from the Pound Aussie signifies a potential short trade for a long period to take out previous lows.
GBP/AUD "Pound-Swiss" Forex Market Bullish Heist Plan🌟Hi! Hola! Ola! Bonjour! Hallo!🌟
Dear Money Makers & Robbers, 🤑 💰
Based on 🔥Thief Trading style technical and fundamental analysis🔥, here is our master plan to heist the GBP/CHF "Pound-Swiss" Forex market. Please adhere to the strategy I've outlined in the chart, which emphasizes long entry. Our ai
GBP_AUD BULLISH BIAS|LONG|
✅GBP_AUD is trading along the rising support line
And as the pair is going up now
After the retest of the line
I am expecting the price to keep growing
To retest the supply levels above at 2.0250
LONG🚀
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Review GBPAUD - Bullish Move - Dec 29th 2024 Review GBPAUD - Bullish Move - Dec 29th 2024
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By: Atlas aka Noble.Mike.Jamison
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Displays a symbol's price movements over previous years to identify recurring trends.
Frequently Asked Questions
The current rate of GBPAUD is 2.013500 AUD — it has decreased by −0.40% in the past 24 hours. See more of GBPAUD rate dynamics on the detailed chart.
The value of the GBPAUD pair is quoted as 1 GBP per x AUD. For example, if the pair is trading at 1.50, it means it takes 1.5 AUD to buy 1 GBP.
The term volatility describes the risk related to the changes in an asset's value. GBPAUD has the volatility rating of 0.68%. Track all currencies' changes with our live Forex Heatmap and prepare for markets volatility.
The GBPAUD showed a 0.22% rise over the past week, the month change is a 3.30% rise, and over the last year it has increased by 8.02%. Track live rate changes on the GBPAUD chart.
Learn how you can make money on rate changes in numerous trading ideas created by our community.
Learn how you can make money on rate changes in numerous trading ideas created by our community.
GBPAUD is a minor currency pair, i.e. a popular pair that is not associated with USD. Such pairs are also called cross currency pairs.
Currencies are usually traded through forex brokers — choose the one that suits your needs and go ahead. You can trade GBPAUD right from TradingView charts — just log in to you broker account. Check out the list of our integrated brokers and find the best one for your needs and strategy.
When deciding to buy or sell currency one should keep in mind many factors including current geopolitical situation, interest rates, and other. But before plunging into a deep research, you can start with GBPAUD technical analysis. The technical rating for the pair is buy today, but don't forget that markets can be very unstable, so don't stop here. According to our 1 week rating the GBPAUD shows the buy signal, and 1 month rating is strong buy. See more of GBPAUD technicals for a more comprehensive analysis.