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
GBPAUD - Ready to unwind downPrice did not tag Wave iv in Dec 2023, meaning there is a high chance of unfinished business down there. The strong move up has corrected to previous resistance (likely wave 4 or B) with a deviation. I am going with Wave B because quick moves like this looks like X. IMO, the deviation has already been triggered on lower time frame. Ripe for a short.Shortby QuercusTrading5
A nice GBPAUD sell setupThere is a nice correltion between the Pound and Aussie Indexes that has formed a nice setup on the GBPAUD pair.Shortby ThutoMncwabe94
Smart Money Concept + 50ema + RSISmart Money Concept: The term "smart money" refers to the institutional investors, fund managers, or sophisticated traders who are believed to have a deep understanding of the market and make well-informed investment decisions. The concept suggests that following the actions of these experienced and well-capitalized market participants can provide insights into potential market movements. Exponential Moving Average (EMA): The Exponential Moving Average is a type of moving average that places a greater weight on more recent data points. It reacts more quickly to price changes compared to the Simple Moving Average (SMA). The +50 EMA specifically refers to the 50-period EMA. How it works: If the current price is above the +50 EMA, it is considered a bullish signal. If the current price is below the +50 EMA, it is considered a bearish signal. Trading Strategy: Some traders use crossovers between the price and the +50 EMA as buy or sell signals. For example, a bullish crossover (price crosses above +50 EMA) might be seen as a buying opportunity, while a bearish crossover (price crosses below +50 EMA) might be seen as a selling opportunity. Relative Strength Index (RSI): The RSI is a momentum oscillator that measures the speed and change of price movements. It ranges from 0 to 100 and is typically used to identify overbought or oversold conditions in a market. How it works: RSI values above 70 are often considered overbought, suggesting a potential reversal or pullback. RSI values below 30 are often considered oversold, suggesting a potential reversal to the upside. Trading Strategy: Traders may use RSI to identify potential trend reversals or confirm the strength of an existing trend. For example, if the RSI is above 70 and the price is also above the +50 EMA, it might signal an overbought condition, and a potential reversal or pullback could be anticipated.07:06by MOAZAM11331
Correcting my mistake from last week on GBPAUDI sent a bearish signal last week on GBPAUD after I though it's good to sell at significant resistance (it usually is...) when even LTF started making a bearish structure (H1). However, I changed my mind after zooming out to see a bigger picture. HTF showed very little selling pressure, which is why I waited for the BOS on LTF H1 to enter a continuation trade of the trend. Currently sending out the HTF setup to see just how strong the buyers are, probably riding the price up until 1.9900. If you'd like to see BOS on H1 zoom in on chart from 17.1. until today and you'll see it. Longby vitowodenik667
GBPAUD-Bias long Bullish indications: HHHL. Double bottom formation. Trend line resistance broken. Bullish engulfer candle from the trend line break out. resistance at 1.93174 is broken. Bullish piercing candle in day time frame. Trade plan bias long @ 1.93019 SL:1.92151 TP1:1.93898 TP2:1.94668 Longby gouthamkulal12
GBPAUDDealing with a strong supply area and the possibility of moving up to the target of 1.92085Shortby ShahdadiH0
PROFITS FROM GBP/AUD LONGGBP/AUD 1H - How we getting on this morning guys, I hope you are all okay. As you can see price has played out perfectly to our Sunday Sessions analysis and the analysis I provided you all with at the end of the last week. This giving you guys the opportunity to take full advantage of a bullish position during this bullish correction taking us higher in the market. We are now looking for confirmation that this correction has finished so we can look to take part in the larger bearish move trading us lower. I will now be monitoring this market on the lower timeframes to distinguish a fractal break of structure, once we have one of those followed by a fractal correction to set a Lower High, this is when we can look to take part in the market. I am expecting a higher timeframe correction to the downside from this, meaning we can take full advantage of a large swing to the downside, keeping our SL tight giving us the ability to have a large RR ratio.Shortby Lukegforex1