GBPAUD SELL Gbpaud made a breakout out of our consolidation zone, i expect a move to the downside
Target: 1.92457
Target 2: 1.91351
GBPAUD trade ideas
#GBPAUD 1HOn the GBP/AUD 1-hour chart, the price is currently testing a channel resistance level. This resistance is part of a parallel channel where the price has been moving between support and resistance lines. The channel resistance marks an area where sellers typically emerge, halting further upward movement and pushing the price lower.
Forecast: Sell
A sell opportunity is anticipated as the price approaches the upper boundary of the channel. Traders may consider entering a short position if the price is rejected from this resistance line, with a potential downside move towards the channel's support level. It's crucial to wait for confirmation of rejection at the resistance before executing the trade to avoid false breakouts.
GBPAUD: Detailed Technical OutlookThe GBPAUD is currently testing a trend line and horizontal structure that was recently breached.
On the 4-hour chart, the market is consolidating within a horizontal range. I will wait for a break above the resistance to confirm a strong bullish move.
A close above 1.9490 will validate this breakout, and if it occurs, I anticipate the price could rise to at least 1.9580.
Conversely, a break below the support of the range may lead to lower prices.
GBPAUD: Detailed Technical OutlookThe GBPAUD is currently testing a trend line and horizontal structure that was recently broken.
On the 4-hour chart, the market is consolidating within a horizontal range. I will wait for a break above the resistance in order to confirm a strong bullish move.
A close above 1.9490 will confirm this break. If this happens, I expect the price to move up to at least 1.9580.
On the other hand, a break below the support of the range could lead to lower prices.
GBPAUD View!!For now, with inflation hovering above target, the BoE is likely to hold to its relatively hawkish narrative and remain on a slower rate cut pace.
However, if inflation moves lower, as Bailey noted, a faster pace of cuts would likely put considerable downward pressure on GBP/USD, stirring a further reduction in net spec longs (1096742NNET).
GBPAUD LongChange of bias going long, price did push down but failed to go lower I think momentum will continue to push price higher it is reacting from 4h demand but I don't its ready to push down yet.
GBPAUD ShortGetting a reaction from the 4H time frame supply I am expecting a bearish 4H candle here soon I think there will be a range created here soon for next week to have more liquidity on both ends.
G/A is bearishI am waiting for the right patterns to form that will give signs of bearish move.
Happy trading.
Weekly Pivot (07-12)The weekly pivot includes key support and resistance levels calculated based on last week's price data. Crossing above the mid-pivots can increase the likelihood of the current trend strengthening.
Price movement above the pivots: Indicates a strengthening bullish trend and the potential for continuation.
Price movement below the pivots: May indicate selling pressure and a weakening bullish trend.
GBPAUD - 4hrs ( Buy Trade Target Range 240 PIP ) 🟢 Pair Name : GBP/AUD
Time Frame : 4hrs Chart / Close
Scale Type : Large Scale
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🟢 Key Technical / Direction ( Long / After Retest )
Type : Mid Term Swing
———————————
Bullish Retest
1.93250 Area
Reasons
- Major Turn level
- Visible Range Hvn
- Choch Zone
- Fibo Golden Zone
- Month Low Area
Bearish Reversal
1.95650 Area
Reasons
- Major Turn level / M
- Visible Range Hvn
- Choch Area
- Quarter's High
- Month High
GBPAUD: Intraday Bullish ReversalGBPAUD reached a key support level on Friday and subsequently formed an inverted head and shoulders pattern, resulting in a bounce and a break above a descending trend line.
This signals strong buying momentum and implies that the market may continue to rise.
The next resistance level to monitor is at 1.9424.
GBPAUD: Intraday Bullish Reversal📈GBPAUD hit a significant level of support on Friday and then formed an inverted head and shoulders pattern, leading to a bounce and a break of a descending trend line.
This indicates strong buying pressure and suggests that the market could continue to rise.
The next resistance level to watch for is at 1.9424.
Fundamental update/ GBPAUD short analysis from 10/3/24Hello All,
this video covers our recent fundamental developments as well as our missed sentiment for a short on GBPAUD.
GBPAUD has been in a downtrend ?GBPAUD has been in a downtrend, with the recent drop starting from 1.93. However, the price has recently recovered past this resistance level, with the key point for momentum shift at 1.91. Based on this, I believe the market is about to reverse and could potentially return to previous highs. If a buy position is taken at the current level, the risk-to-reward ratio could reach 3:1.
This is the simplest one-time entry method. However, if it were me, I would add to my position daily until I reached an appropriate level. Afterward, I would use automated tools to achieve a 2:1 or 3:1 risk-to-reward ratio with a trailing stop to maximize gains during market fluctuations.
The key to trading lies in having an effective system and strategy. If you don’t have one yet, you are welcome to join us and learn more about the framework trading system we are using.
GBPAUD: One More Pullback Trade 🇬🇧🇦🇺
I see one more, potentially profitable pullback trade on GBPAUD.
The price formed a double top pattern on a key daily/intraday resistance
and successfully violated its neckline.
We see its retest at the moment.
The pair may retrace to 1.926 level.
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GBPAUD LONGGBPAUD is forming a H & S pattern, the weekly resistance level 1.92000 was unable to break, i expect a retest to that level before buying or wait for a break in the H&S neckline. Have a good trading week♥️
GBP_AUD RISKY SHORT|
✅GBP_AUD is approaching a supply level of 1.9350
So according to our strategy
We will be looking for the signs of the reversal in the trend
To jump onto the bullish bandwagon just on time to get the best
Risk reward ratio for us
SHORT🔥
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GBP/AUD BEARS WILL DOMINATE THE MARKET|SHORT
Hello, Friends!
GBP/AUD pair is in the downtrend because previous week’s candle is red, while the price is clearly rising on the 3H timeframe. And after the retest of the resistance line above I believe we will see a move down towards the target below at 1.910 because the pair is overbought due to its proximity to the upper BB band and a bearish correction is likely.
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GBP-AUD Retesting Resistance! Sell!
Hello,Traders!
GBP-AUD made a swift
Recovery after a sudden
Price drop but the pair
Will soon hit a horizontal
Resistance level of 1.9325
From were we will be
Expecting a local
Bearish move down
Sell!
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Check out other forecasts below too!
Approaching Weekly Demand ZoneFind an Entry in lower Time frame from that Yellow Area.Always use proper Risk Management.
