GBPAUD: Potential Bullish BouncePrice is falling towards the an overlap support zone which lines up perfectly with the 50% Fibonacci retracement. A bounce from this level could lead the price to rise to the upside I'm bullish biasedLongby ChrisLaw12
GBP AUD - PRICE WILL BE DOWN FALL TILL MARKED PRICE LINE GBP AUD - PRICE WILL BE DOWN FALL TILL MARKED PRICE LINE,make a short entry after clear break out of up trend line as shown in the picture , follow for more live updates...Shortby FOREX_TRADER_007Updated 6
GBP/AUD Exhibits Signs of Reversal Amid Positive UK Economic DatThe GBP/AUD pair has recently shifted its trajectory, transitioning from a recovery phase initiated at 1.08600 in January to a downward trend. Currently hovering around the 1.9158 level, the pair encounters significant resistance marked by the Point of Control (POC) value and Fibonacci levels. This convergence suggests the potential for a pullback before resuming its upward momentum. Additionally, the Relative Strength Index (RSI) indicates proximity to oversold conditions, further supporting the anticipation of a correction. In response, we've opted to position two Buy limits in anticipation of the impending reversal. The UK manufacturing sector delivered a surprising expansion in March, following a contraction spanning 20 consecutive months. This growth was primarily fueled by robust domestic demand, elevating business optimism to its highest level since April 2023. Notably, 58% of manufacturers anticipate an increase in production levels over the next 12 months. Concurrently, British house prices surged by 1.6% in March, marking the sharpest increase since December 2022. Despite prevailing higher interest rates, the real estate sector demonstrates resilience, contributing to overall economic stability. In light of these developments, we foresee a potential pullback in the GBP/AUD pair, followed by a resumption of its upward trajectory. Longby FOREXN1Updated 3315
GBPAUDI know the pair is moving up during the week, but as soon as middle week is coming the most normal is that the pair cancelled at least part of this movement. Check updates because middle we can modify entry points. Good luck. Shortby SGsauragestionUpdated 4
GBPAUD Potential Buy OpportunityThe GBPAUD currency pair presents a potential buying opportunity, exhibiting favorable market conditions that may attract traders seeking long positions. A comprehensive analysis indicates a potential bullish momentum, warranting attention from traders looking to capitalize on potential upward price movements. Trade Recommendation: Given the current market dynamics, traders may consider a buy position on the GBPAUD pair. This trade setup suggests entering a long position when the price of the pair rises above 1.92390 levels Disclaimer: It is imperative to acknowledge that all trading decisions carry inherent risks and should be made in accordance with individual risk tolerance levels, financial circumstances, and trading strategies. This analysis serves as educational content and should not be construed as financial advice. Trading forex and other financial instruments involves substantial risk, and past performance does not guarantee future results. Traders are encouraged to conduct thorough research and seek guidance from qualified financial advisors prior to executing any trades. The author and publisher of this analysis disclaim any responsibility for losses incurred as a result of reliance on the information provided herein. Longby Maven_Trader24Updated 223
GBPAUD I Temporary fall from resistance Welcome back! Let me know your thoughts in the comments! ** GBPAUD Analysis - Listen to video! We recommend that you keep this pair on your watchlist and enter when the entry criteria of your strategy is met. Please support this idea with a LIKE and COMMENT if you find it useful and Click "Follow" on our profile if you'd like these trade ideas delivered straight to your email in the future. Thanks for your continued support!Short04:16by BKTradingAcademy3
GBPAUD Sell IdeaOANDA:GBPAUD has been trading in bearish trend respecting ascending trendline. Currently, It has been retracing towards fib 75% level where we can look for selling opportunities. Shortby haider_aabbasUpdated 2210
GBPAUD - 4hrs ( Buy Trade Target Range 200 PIP ) Pair Name : GBP/AUD 🗨Time Frame : 4hrs Chart / Close ➕Scale Type : Large Scale ------ 🗒 spreading knowledge among us and to clarify the most important points of entry, exit and entry with more than 5 reasons We seek to spread understanding rather than make money ✔️ Key Technical / Direction ( Long ) Type : Mid Term Swing ——————————— Bullish Break 1.92500 Area Reasons - inner Channel Break Out - Volume Break Out - Month high Break Out - Major channel lower Band Break - Fibo Golden Zone - weekly High Break Out Bearish Reversal 1.943500 Area Reasons - Major Turn level - Pattern Target - Major Channel Upper Band - Quarters Area - Fibo Golden - Volume HvnLongby GoldenEngineUpdated 2264
GBP/AUD Set for Dip: Targets Below 1.93 with Strategic StopWe're currently observing the GBP/AUD pair after a significant touch at the 1.94000 zone. The pair seems to be gearing up for a downward move. Here's a straightforward breakdown: Initial Downward Target (Target 1): Our first goal is to see if the pair can reach the 1.92778 level. This would be the first sign of a successful bearish push. Further Downside Potential (Target 2): If the momentum continues, we may see the pair slide further to the 1.9187 mark. This would constitute a more substantial bearish movement. RSI : The RSI (Relative Strength Index) suggests that sellers are gaining strength, especially since we've spotted a divergence – where price and RSI are not in agreement, often a harbinger of a trend change. Additionally, the 4-hour RSI points to overbought conditions, backing up our anticipation of a downward trajectory. Stop Loss : To manage risks effectively, a stop loss is recommended above the 1.94500 level. This is to protect against unexpected bullish spikes that go against our analysis. While the bearish signals seem clear for now, always remember to manage your trades with caution and consider the possibility of market surprises.Shortby ClearTradingMindUpdated 3
gbpaud h4 short from resistance tp +250 pips🔸Hello traders, let's review the 4hour chart for GBPAUD today. Strong V-shape recovery in progress, however also expecting a decent/normal pullback once we hit the strong overhead resistances. 🔸Heavy overhead resistances will trigger a pullback. Resistances set at 9490 and 9550, risk/reward will be in bears favor. Mirror s/r level below at 9265 will be likely targeted by the bears in the pullback mode. 🔸Recommended strategy for GBPAUD bears: short sell rips/rallies near resistances 9490/9550 stop loss fixed 60 pips TP1 + 150 pips TP2 +250 pips final TP exit at 9550. swing trade setup, time required to hit both targets. good luck traders! 🎁Please hit the like button and 🎁Leave a comment to support our team! RISK DISCLAIMER: Trading Futures , Forex, CFDs and Stocks involves a risk of loss. Please consider carefully if such trading is appropriate for you. Past performance is not indicative of future results. Always limit your leverage and use tight stop loss.Shortby ProjectSyndicateUpdated 1147
GBPAUD H4 BEARISH BAT PATTERN 16/04/24Based on the GBPAUD H4 chart, a bearish bat pattern has formed T Bar formation level : 1.9415Shortby Yan57351
GBP/AUD Bullish ContinuationWaiting for a pullback towards support from where we can add buy positions with an initial target at 1.93466Longby DennisDimsUpdated 224
GBPAUD / Waiting for a short entry ✅💡Hello Traders! GBPAUD - I see a bearish trend on the 4-hour chart, favoring short positions. I expect the price to continue its retracement, possibly filling higher imbalances, and then face potential rejection near the bearish order block around the institutional big figure of 1.93000. This setup suggests a potential short-trade opportunity. Shortby GoodTradeSTUpdated 6
GBPAUD HAS PLAY AS I PREDICTED AGAIN GBPAUD is one of the currency pairs i have been trading for the past 4 years .... A day ago i published analysis on this pair and it has already played as i predicted.Longby Themba_PM2
GBPAUD Ichimoku SetupGoing long here, could signal a breakout of the resistance zone, ichimoku looking bullish. Great positive RR, seems like a good setup this here!Longby MaltheFXUpdated 2
gbpaud longwelcome here is my gbpaud long idea its based on overall bullish market price trading above 50% fib level of monthly candle price trading above weekly pivot price trading above all emas lets see how this setup plays out p.s. tight stoplossShortby Romanovic11Updated 1
GBPAUD In the 4-hour timeframe, GBPAUD exhibits a bearish trend within a descending channel, currently touching the resistance trendline. Having completed Elliott's 4th wave, anticipation leans towards a downward movement. Observing price action signals will be crucial for confirmation and potential entry points in alignment with the bearish bias.Shortby forex_info5
GBPAUD: UK February ILO unemployment charge better than expected UK February ILO unemployment charge: 4.2% Expected: 4.0% Previous: 3.9% Job change: -156k vs. 58k expected Previous: -21k Average weekly earnings: +5.6% 3m/y vs +5.5% expected Previous: +5.6% Average weekly earnings (except for bonuses): +6.0% 3m/y vs +5.8% expected Previous: +6.1% Change in March salary: -67k Previous: 20k; changed to: -18k This is a particularly combined document as employment numbers are vulnerable whilst wages stay high. The revision of the February payroll indicates that the United Kingdom exertions marketplace constantly stated poor payrolls withinside the first quarter. That is an indication that the activity marketplace is loose, with the unemployment charge additionally rising. From that perspective, it facilitates give a boost to the case in the direction of slicing hobby rates. But with the warmer payroll numbers, the BOE might also additionally sense vindicated in persevering with to strengthen marketplace expectancies for August`s move.Longby Chart_MasterPro2
✅GBP_AUD POTENTIAL SHORT🔥 ✅GBP_AUD went up to Retest the falling resistance And we are already seeing a Bearish reaction from the line So we will be expecting a Further move down SHORT🔥 ✅Like and subscribe to never miss a new idea!✅Shortby ProSignalsFx112
GBPAUD Will Go Up From Support! Long! Take a look at our analysis for GBPAUD. Time Frame: 1D Current Trend: Bullish Sentiment: Oversold (based on 7-period RSI) Forecast: Bullish The price is testing a key support 1.926. Current market trend & oversold RSI makes me think that buyers will push the price. I will anticipate a bullish movement at least to 1.944 level. P.S The term oversold refers to a condition where an asset has traded lower in price and has the potential for a price bounce. Overbought refers to market scenarios where the instrument is traded considerably higher than its fair value. Overvaluation is caused by market sentiments when there is positive news. Like and subscribe and comment my ideas if you enjoy them!Longby SignalProviderUpdated 113
GBPAUD longd1: after engulfing created , d1 has made a retest h1: it's accumulate then created 1-2-3 wave of up trend and made a choch. so open buy limit order at OB which got imbalance. Longby thghnh0Updated 6
Bullish move I’ve risked this a 3:1 risk and I’ve kept a tight stop loss, now put stop loss to break even .. I will keep this posted during the tradeLongby Werpiafx1