We’re currently observing GBP/AUD on the 1-hour chart, where the pair remains in a strong bullish trend. The RSI is comfortably ranging between 30–70, suggesting healthy momentum without being overbought or oversold.
A clear bullish flag pattern has formed, typically a continuation pattern signaling further upside. Additionally, based on the AB=CD harmonic projection, there’s still significant room for the price to move higher as the Potential Reversal Zone (PRZ) is still far away.
We are planning a buy stop entry at the breakout of the previous higher high, with a balanced risk-reward profile.
🔹 Pair: GBP/AUD
🔹 Timeframe: 1H
🔹 Trend: Bullish
🔹 Pattern: Bullish Flag
🔹 Divergence: None
🔹 Bias: Bullish
🔹 Entry (Buy Stop): 2.10414
🔹 Stop Loss: 2.09377
🔹 Take Profit 1: 2.11451
🔹 Lot Size: 0.29
🔹 Risk/Reward: 1:1
🔹 Risk: $200
🔹 Potential Reward: $200
🎯 Strategy: Waiting for confirmation via breakout of previous structure high. Trade is set with disciplined risk management.
📌 #GBPAUD #ForexSignals #BullishFlag #TrendContinuation #ABCDPattern #TechnicalAnalysis #PriceAction #BreakoutSetup #SmartMoney #1HChart #ForexTradeIdeas #RiskManagement #FXTrading #BullishBias
A clear bullish flag pattern has formed, typically a continuation pattern signaling further upside. Additionally, based on the AB=CD harmonic projection, there’s still significant room for the price to move higher as the Potential Reversal Zone (PRZ) is still far away.
We are planning a buy stop entry at the breakout of the previous higher high, with a balanced risk-reward profile.
🔹 Pair: GBP/AUD
🔹 Timeframe: 1H
🔹 Trend: Bullish
🔹 Pattern: Bullish Flag
🔹 Divergence: None
🔹 Bias: Bullish
🔹 Entry (Buy Stop): 2.10414
🔹 Stop Loss: 2.09377
🔹 Take Profit 1: 2.11451
🔹 Lot Size: 0.29
🔹 Risk/Reward: 1:1
🔹 Risk: $200
🔹 Potential Reward: $200
🎯 Strategy: Waiting for confirmation via breakout of previous structure high. Trade is set with disciplined risk management.
📌 #GBPAUD #ForexSignals #BullishFlag #TrendContinuation #ABCDPattern #TechnicalAnalysis #PriceAction #BreakoutSetup #SmartMoney #1HChart #ForexTradeIdeas #RiskManagement #FXTrading #BullishBias
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.