We can observe a downtrend in progress in the GBPAUD pair. The price has broken through the support zone, then retraced into its order block, and subsequently breached the support zone again. My expectations are that the price will continue to decrease and reach 1.94812 .
GBPAUD is trading bearish wedge pattern and recently bulls took the charge and seems like they are on the verge of breakout from wedge. Currently the price is retracing and creating the support around 1.9560 region. Will the bulls take charge again continue for leg higher ?
This will be the 3rd re-entry on this pair. If the broken support holds as a new found resistance, we just might see some lower lows. Fingers crossed.
Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst. GBPAUD has been overall bullish trading inside the rising channel in blue, and it is currently approaching the lower trendline. Moreover, the 1.94 is a strong support zone. 🏹 So the highlighted purple circle is a strong area to look for buy setups as it is the...
Check 1M TF for BOS(ChoCH) for confirmation of entry
My initial entry was at 1.98235 after breaking out of the consolidation area, we saw a continued drop till it broke through the 1.96611 area. As it stands, we have a pin bar on the H4 at same area as a retest for the continued downward move which shows some rejection of the area. If I see some bearish pressure further at this area, I will take a sell. We wait for...
GBPAUD - Classic bullish setup - Our team expects bullish continuation SUGGESTED TRADE: Swing Trade Long GBPAUD Entry Point - 1.9603 Stop Loss - 1.9513 Take Profit - 1.9757 Our Risk - 1% Start protection of your profits from lower levels ❤️ Please, support our work with like & comment! ❤️
The GBPAUD pair hit our previous Buy Target as presented (see chart below) last month: The price has now been pulling back within the 7-month Channel Up in search of the next Higher Low. This should be formed at least on the 1D MA50 (blue trend-line) as it did twice before. As a result, we will wait for that buy opportunity and target 2.01500 (1.236 Fibonacci...
GBPAUD buy current price in an uptrend. The bottom may be forming now, if there is a bottom sweep that is a very good bet. Buy: 1.96176 SL 1,955 TP 1,985
Hey Traders, in today's trading session we are monitoring GBPAUD for a selling opportunity around 1.96300 zone, GBPAUD is trading in a downtrend and currently is in a correction phase in which it is approaching the trend at 1.96300 resistance zone. Trade safe, Joe.
GBPAUD on weekly timeframe has shown a vivid head and shoulders formation (YELLOW) with a rejection of the neckline (BLUE). I will be entering this trade once confluences agree around the 1.92-1.93 mark and will update this accordingly.
Based on Simple Technical Analysis ( Trendline + Support & Resistance ) Risk Disclaimer: Please be advised that I am not telling anyone how to spend or invest their money. Take all of my analysis as my own opinion, as entertainment, and at your own risk. I assume no responsibility or liability for any errors or omissions in the content of this page, and they are...
Looking at the GBP/AUD pair, what I can see is that a minor support zone has been breached downwards. Additionally, there is an imbalance below on the left side, which suggests that we could witness a continuation of the downtrend and that the price could potentially reach 1.95065.
GBP-AUD was trading along The rising support line But now we are seeing a Bearish breakout so I am Now bearish biased and I think that pair will go down!
GBPAUD has been on a bullish trend on the daily timeframe. We can observe on the 4h time that price seems to have encountered a strong support at around 1.9600 and has probably formed a higher low at this particuar level. My target is at the top of the trend which is the last hgher high... After that level is broken, we could even see further upside.
Here is our detailed technical review for GBPAUD. Time Frame: 6h Current Trend: Bullish Sentiment: Oversold (based on 7-period RSI) Forecast: Bullish The price is testing a key support 1.965. Current market trend & oversold RSI makes me think that buyers will push the price. I will anticipate a bullish movement at least to 1.980 level. P.S The term oversold...
GBPAUD is trading in a long - term bullish trend. After the price set a new high, it started a correctional movement. Bears are currently approaching a 4H intraday support. The price action on an hourly time frame looks very bullish to me. The price formed a double bottom pattern there and broke its neckline. I expect a bullish continuation to 1.4746 /...
Hello traders! ‼️ This is my perspective on GBPAUD. Technical analysis: Here we are in a strong bullish market structure from 4H timeframe perspective, so I am looking for long. I want price to make a retracement and then to reject from bullish order block + institutional big figure 1.96000. Like, comment and subscribe to be in touch with my content!