GBPAUD had a nice pullback to the broken channel and has chance to goes down again.
British pound is under pressure of uncertainty in economy and can weak against other currencies.
Trade safe.
Good luck.
💵Pair Name : GBP/AUD
Time Frame : 12hrs Chart / Close
Scale Type : Large Scale
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We seek to spread understanding rather than make money
🔗 Key Technical / Direction ( Short )
Type : Mid Term Swing
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☑️Bearish Retest...
Trend following pullback. Stable Uptrend on H1, Entry on M15 at rejection of support level.
R:R 2:1
Partial Take profit (50%) at 1:1 then B/E + 2 pips. Good luck :)
My dear subscribers,
This is my opinion on the GBPAUD next move:
The instrument tests an important psychological level 1.8983
Bias - Bearish
Technical Indicators: Supper Trend gives a precise Bearish signal, while Pivot Point HL predicts price changes and potential reversals in the market.
Target - 1.8841
My Stop Loss - 1.9062
About Used Indicators:
On...
The price perfectly fulfilled my last idea and reached the target level. FX:GBPAUD fell from the resistance zone and pulled back to it again after a range breakout. The price bounced off the resistance by forming an impulse movement. I think it might go down because the overall market is bearish on the daily timeframe. The price is at the range border, which is...
Bearish bias for the coming week(s) as the GBP has been weaker in the previous weeks comparing with AUD
Both the weekly and daily timeframe showing us a bearish strength so trading along the market direction is what should be done.
Price is testing the broken support area now resistance. Aussie is getting stronger across the board, I expect another test to the 1.86 support zone. We can also notice a HS confirmed so the pair could fall even more to 1.82 zone.
Waiting for a break and retest of 1.89683 to short GBPAUD back to Daily swing lows with 1st target at 1.85147 and 2nd target at 1.82745
If you agree drop a like and if you have any questions leave a comment :)
Hello,Traders!
GBP-AUD is going up now
And the resistance is
Ahead at 1.9029 from
Where I will be expecting
A local bearish correction
Sell!
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Check out other forecasts below too!
In the upcoming trading session, our focus is squarely on GBPAUD as we explore a potential selling opportunity around the 1.90800 zone. GBPAUD, entrenched in a downtrend, is presently navigating a correction phase, drawing closer to the trend at the crucial 1.90800 support and resistance juncture.
As we delve into this analysis, it's essential to consider the...
GBPAUD are very bearish sign, now at market price on supply zone and Rejected area of value by 4hr,1hr candlestick
Set your Stop 🛑 loss as i showed
And Take profit T-1,T-2
Please, check our technical outlook for GBPAUD.
Time Frame: 1D
Current Trend: Bullish
Sentiment: Oversold (based on 7-period RSI)
Forecast: Bullish
The price is testing a key support 1.870.
Current market trend & oversold RSI makes me think that buyers will push the price. I will anticipate a bullish movement at least to 1.897 level.
P.S
Please, note that an...
Hello Traders, On GBP/AUD price retraced to the IRL which is the weekly FVG, indicating potential bearish movement toward the ERL at 1.8588. However, I'll wait for a clear shift in market structure on the 4 hour chart before considering a trade, aiming to enter during the second phase of the distribution pattern to reach the target.
Clean reaction of this Supply. Once we get the swipe to the downside on the higher time frame to confirm the direction, we will look for lower time frame entries. I will update if we get the break to the downside.
