GBPAUD Outlook

Wait for confirmation don't just sell, because Aud itself is not strong, it's buying due to dollar weakness

I'll sell from that key level

You are selling a pullback, I will wait for price to reach the discount level of 38.2 to 23.6 on my fib retracement before I buy, I won't sell the pullback

The reason i'm looking our for sells is because AUD is bearish

Aud is bearish so you can't look for bearish on gbpaud instead you should look for bullish, but price should still dip below 50level

Sorry i meant to say bullish because all the sells on AUD had been taken out

GBPAUD — Current Read

1H

Price has been forming higher highs/higher lows from the August 5–6 lows.

Multiple bullish BOS have occurred.

The recent push above the 1.9150–1.9155 area confirms the continuation structure.

Price is now retracing after that displacement.

30M

The bullish structure is even cleaner here.

We have a BOS around 1.9155 followed by a pullback.

The 1.9123 area is the key level I'm watching.

Your marked zone around 1.9123–1.91135 makes sense as the potential mitigation area.

15M

Same story: bullish structure, followed by a retracement.

The idea is essentially; Retracement → mitigation around 1.9123 → bullish continuation → external liquidity

Buy Limit is set. Entry is at 1.91231, sl = 1.91135, and Tp = 1.91925

Since CPI is coming up this afternoon, i will just delete my order so i won't avoidable losses

GBPAUD — Current Read

1H

Price has been forming higher highs/higher lows from the August 5–6 lows.

Multiple bullish BOS have occurred.

The recent push above the 1.9150–1.9155 area confirms the continuation structure.

Price is now retracing after that displacement.

30M

The bullish structure is even cleaner here.

We have a BOS around 1.9155 followed by a pullback.

The 1.9123 area is the key level I'm watching.

Your marked zone around 1.9123–1.91135 makes sense as the potential mitigation area.

15M

Same story: bullish structure, followed by a retracement.

The idea is essentially; Retracement → mitigation around 1.9123 → bullish continuation → external liquidity

It's good you deleted your order. Losses avoided. It took me out but i'm looking at rejoining the buys tomorrow.

Let's see how tomorrow goes. spotted this intraday bearish channel, that's giving the buys a clause. If price comes down, then I'll take entries at 1.9080, and SL around 1.9070 because of the possible double bottom formation at that price level.

Price has been giving bullish narrative that's i took the buys

Yeah and i got in immediately after the news yesterday

Price later sold today. Are you still bullish on GBPAUD? I'm following a bearish narrative tomorrow. because of the M15 bearish channel formed in line with the intraday bearish channel that price has not invalidated.

Trade parameters- Entry-1.9113, SL, 1.9130, TP-1.9078

Price reacted at the same resistance it sold from yesterday and sold again today. multiple rejections are signalling more downside. I'll be following this setup tomorrow.

Price took me out on BE

Price reacted at the same resistance it sold from yesterday and sold again today. multiple rejections are signalling more downside. I'll be following this setup tomorrow.

GBPAUD sells has been confirmed from the higher timeframe. Since there's no setup yet, i will wait for price to pullback so i can spot an entry

GBPAUD sells has been confirmed from the higher timeframe. Since there's no setup yet, i will wait for price to pullback so i can spot an entry