GBPAUDGBPAUD is trade with symmetrical triangle pattern . We can take entry if it break above trendline , if bulls take control target could be 1.92061 SL , TP mention in chartLongby SignalEdgeUpdated 3
GBPAUD TO SHORTSHORT SELL The current analysis suggests a potential short trading opportunity for the GBP/AUD currency pair. Traders are considering initiating a short position, indicating an expectation that the value of the British Pound relative to the Australian Dollar will decrease. The identified support level for the potential short trade is at 1.91620. In technical analysis, support levels are areas where the price has historically shown resilience, and traders anticipate a potential halt or bounce in the downward movement at these levels. Upon reaching the support level, the trading plan involves transitioning from the short position to initiating a buy order at 1.92170. This implies an expectation that the GBP/AUD pair will experience a reversal and start moving upward from the identified support level. However, the trading strategy doesn't conclude with the buy order. Traders are planning to resume short selling if the currency pair reaches the level of 1.9000. This suggests an anticipation of encountering resistance or selling pressure at this particular price level. The level of 1.9000 is also expected to act as a support level, where the currency pair might consolidate or stabilize. Consolidation refers to a phase where the price movement is limited, often indicating a period of indecision in the market. It's crucial to acknowledge that foreign exchange trading involves inherent risks, and market conditions can change rapidly. Traders typically employ risk management tools such as stop-loss orders to mitigate potential losses. Additionally, thorough analysis of both technical and fundamental factors, as well as staying informed about global economic events, is essential for making informed trading decisions.Shortby Kaviku_fx1
GBPAUD Market Sentiment Trade PlanGBPAUD Market Sentiment Trade Plan: GBPAUD is in distribution phase currently with no clear trend and is moving sideways. The market sentiment indicates a downtrends upcoming and the trade plan on the chart depicts how it can be traded accordingly.Shortby oyekhattak1
LOOKING TO GO SHORT AGAIN ON GBP/AUDGBP/AUD 15M - Hey guys! I hope you are all well this morning and enjoying some of the profits from this market to those of who you jumped onboard yesterday, as you can see price looks to be correcting itself at the moment, this gives us an opportunity to re-enter. I would love to see price trade up and into the Supply Zone, for Supply to be introduced and for Demand to be offloaded in the market, this should give us the S&D flip we want in order to see price go on to trade us lower giving us the next bearish leg. I have set a Sell Limit for the zone above, the SL & TP targets can be seen on the screenshot above. This is a pre-emptive way of doing things but what this does do is avoid us missing the entry. For us to actually get the confirmation of the next bearish leg we want to see a BOS in and around the area after the penetration, this is what confirms the end of one trend and the start of another.Shortby Lukegforex3
GBPAUD 1HGBPAUD 1H R:R = 4 RBR ZONE : This zone is calculated by supply and demand method Longby amirprvf0
GBPAUD: Significant Breakout! What is Next? 📉The GBPAUD appears to be in an overbought state as the price has been consistently narrowing within a rising wedge pattern. Recently, the price broke and closed below its support level, suggesting a potential decline in the pair. The target for this drop is set at 1.917...Trade safely 👍✅️Shortby linofx15515
GBPAUD.. bullish pennant breakout imminentHi guys GBP AUD has formed a nice bullish pennant on the 4 hr.. the pennant retraces between 38.2 and 50 % of the pole and lower highs and higher lows are clear inside the pennant. Price is supported by the anchored vwap from the previous low meaning buyers are in control and as it has come out of the pennant it is trading above the 5 day ma ,,, clear sign of bullish price action. Of course if price does come back into the pennant and below the lower trendline then the pennant is invalidated. A copy and paste of the pole onto the breakout area gives a nice take profit target which is just below the 23 september high resistance.Longby elyask1204
GBPAUD early projection trade planPrice currently at major H4 resistance, first signal is the break of the trend down, second coming to a recent low to then retest and reject downwards to enter a sell for a 30pip + move. If breaks above this major resistance in price action plan is invalidated.Shortby fluxus_trader111
KURD FX GBPAUD H4KURD FX GBPAUD H4 Now we have to wait for it to break this zone in front of it and create a complete candle, then the direction of its rise will be determinedby KurdForex111
GBPAUDBreaking the trend line will cause price correction to the specified targetShortby ShahdadiHUpdated 3
gbpaud buyalready hit some profit on this pair. wait for gbpaud to come down to 50 fib zone, however if it reaches the 161 fib zone before then DO NOT take the tradeLongby mbm191
One more try on FOREX: GBPAUD LONG till the next levelI decided to try one more time paper trading on forex, GBPAUD is expected to go up a little bit till the next level. Let's see.Longby moneticoUpdated 1
GBPAUD Two scenariosHello guys, I would like to share an idea of GBPAUD Trade. The price is in very beautiful consolidation, trend is bullish and there is 2 types of scenarios 1. The price will bounce at 1,935xx to the lower S Z 2. It will go through the RZ, retest 1,935xx and sweep the previous HH to create new HH. Tell me what do you think. May Malphas be with us.Shortby MalphasFX0
RESULTS SO FAR ON GBP/AUDGBP/AUD 30M - As you can see price has played out just as we wanted it to, trading us up and into the Supply Zone I provided above before trading us lower giving us the opportunity to take part in shorts based on the penetration. Unfortunately this took place at 5am this morning so most UK traders may have missed this opportunity, I set a pending order in and around this zone so managed to take advantage of this swing, if you didn't though this would have been missed. Not to worry though, as you can see I have gone ahead and marked out another area of supply I feel price may come to trade back up and into before delivering us with another bearish leg so if you are wanting to get involved in this market I would look to set a pending order or an alert. This way you are less likely to miss out the on the opportunity should it be out of usual trading hours. I will also post a re-entry should price come to trade up and into that area in price for us.Shortby Lukegforex4
#GBPAUDIt is fluctuating in the trading area of the lower time range, which can continue its movement with a pullback to the support area up to the ceiling of the trading range area. In one-hour and two-hour time, with the breaking of the current trading range area, it can continue its upward path up to the 1.90 area.Longby alikzeUpdated 2
GBPAUD LongHere is my idea 💡 or bias on GBPAUD, looking to buy on this, ⚠️Word of Caution⚠️ let us all always know that i don't just trade when price hits my boxes or buy cuz I put the long or short positions tools, I've got rules of engagement. The most important thing of all is 🆘RISK MANAGEMENT🆘Longby Pleazant-fx3
gbpaud selllooking for this scenario to play out. lets see how this goes. very good risk to reward ratio on this trade.Shortby mbm191
Gbpjpy (stochastic rsi + order block ) **Stochastic RSI:** Stochastic RSI is a momentum oscillator that measures the level of RSI relative to its high-low range over a specific period of time. It is an indicator designed to identify overbought and oversold conditions in a market. 1. **Stochastic RSI Formula:** \ \ where RSI is the standard Relative Strength Index. In this context, traders often use values like 14 for the RSI period and 3 for the stochastic period. **Order Block:** An order block is a concept from price action trading. It refers to a block of price movement where significant buying or selling activity has occurred, leaving behind a level that is likely to act as support or resistance in the future. 1. **Identifying Order Blocks:** - Order blocks are often found after strong trending moves. - Look for areas where the market has slowed down or reversed significantly. - The order block is typically a consolidation or a small range of price bars. **Stochastic RSI + Order Block Trading Strategy:** 1. **Trend Identification:** - Determine the overall trend using other indicators or trend analysis tools. - This strategy is often more effective in trending markets. 2. **Stochastic RSI Setup:** - Use the stochastic RSI to identify overbought or oversold conditions. - Look for potential trade signals when the stochastic RSI is in the extreme regions (e.g., above 80 for overbought, below 20 for oversold). 3. **Confirmation with Order Blocks:** - Look for order blocks that align with the identified overbought or oversold conditions. - The order block should act as a support (in oversold conditions) or resistance (in overbought conditions). 4. **Entry and Exit:** - **Long Entry (Buy):** Consider entering a long position when the stochastic RSI is in oversold territory and supported by an order block. This suggests a potential reversal to the upside. - **Short Entry (Sell):** Consider entering a short position when the stochastic RSI is in overbought territory and faces resistance from an order block. This suggests a potential reversal to the downside. 5. **Risk Management:** - Set stop-loss orders to limit potential losses. - Consider using a risk-reward ratio to ensure the potential profit is worth the risk taken. 6. **Monitoring and Adjustment:** - Regularly monitor the trade for any signs of reversal or trend continuation. - Be ready to adjust the strategy based on market conditions. Remember, no trading strategy is foolproof, and it's essential to practice risk management and adapt strategies to changing market conditions. Additionally, backtesting and simulation can help validate the effectiveness of the strategy before applying it in live trading.11:21by MOAZAM11330
GBPAUD PUSH UPProposed push up for GBPAUD.Beyond technicals and bullish bias.This is my probable outcome for learning purposes using my mentors ICT CONCEPTS.by Awaweru0
GBPAUD Time to Short - Speed Index AlertThe story : In that huge up wave there were sellers! Why? Speed Index is telling us why. That was a hard time to move up wave 18.2 SI at the top is Effort vs Result (Wyckoff ) . The average Speed Index is 10.5 therefore the 18.2 is an Abnormal SI. If we break the beginning of the 18.2 wave downwards 1.92627, we are going down. Shortby tdtrdview0
GBPAUDGBPAUD Buy at HL (also 0.5 FIB , trendline support intact) SL , TP mention in chartLongby SignalEdgeUpdated 334
UPDATE ON GBP/AUD ANALYSISGBP/AUD 30M - As you guys can see price has played out perfectly to the prior analysis I performed for you all in this chat! I hope you all had the Supply Zone above marked out. As you can see price traded in and delivered us with a lovely bearish leg taking us lower, breaking structure to the downside fractally multiple times. I am expecting this to be the start of the next bear run. Unfortunately we missed the initial point of entry at the Supply Zone above because it was 11:15PM UK time and I wasn't looking at the charts at this point however this isn't an issue as we can look to get introduced from the fractal zone I have marked out for us now. We want to now see price trade us back up and into this area of interest and for price to reject, delivering us with another fractal break to the downside, confirming the end of the initial correction and the start of the next bearish impulse. Shorts are incoming so just keep your eyes peeled for the right opportunity to enter in on those shorts! I will keep you all posted.Shortby Lukegforex3
gbpaud analysis. Don't forget about stop-loss. Write in the comments all your questions and instruments analysis of which you want to see. Friends, push the like button, write a comment, and share with your mates - that would be the best THANK YOU. P.S. I personally will open entry if the price will show it according to my strategy. Always make your analysis before a tradeShortby wavesscoutforex11224