Analysis:
Currently observing GBP/AUD on the 1H timeframe. The pair is in a strong bullish trend, confirmed by consistent Higher Highs (HH) and Higher Lows (HL).
🔍 Technical Setup:
Trend: Bullish
Divergence: Bearish divergence spotted on momentum indicators – suggesting a short-term pullback.
Pattern: Trend Line support intact.
Harmonics: None detected.
Bias: Bullish
Fibonacci Play: Expecting price to retrace to Fib 0.382 to form a fresh HL before continuation.
Entry Plan: Buy Limit at 2.07388 with SL at 2.06399 and TP1 at 2.08377.
Risk/Reward: 1:1 (Risk $50, Reward $50 on 0.08 lots, 0.5% risk on $10K account).
📊 Currency Index Confirmation:
GBP Index is strongly bullish, indicating Pound strength.
AUD Index is strongly bearish, showing Aussie weakness.
This aligns perfectly with the bullish bias on GBP/AUD.
📰 Fundamental Drivers:
Recent UK economic data (e.g., better-than-expected GDP growth & positive services PMI) has strengthened GBP.
AUD weakness driven by falling commodity prices and cautious RBA policy tone.
Risk-off market sentiment has reduced demand for AUD as a commodity currency.
Trade Plan:
Buy Limit: 2.07388
SL: 2.06399
TP1: 2.08377
Lot Size: 0.08
Risk: 0.5% ($50)
Reward: 0.5% ($50)
💬 What’s your view on GBP/AUD? Do you see the same setup?
📍 Drop your analysis in the comments — let’s discuss!
❤️ Like if you find this useful, 🔄 share to help other traders, and ✅ follow me for more trade setups.
#GBPAUD #ForexSignals #PriceAction #SwingTrading #ForexStrategy #FibonacciTrading #ForexAnalysis #TradingSetup #CurrencyTrading #TechnicalAnalysis #BullishTrend #ForexCommunity #FXTrader #PriceActionTrading #TradeSetup #ForexCharts #MarketAnalysis #ForexLife #TrendTrading #TraderLife #ForexEducation #GBPIndex #AUDIndex
Currently observing GBP/AUD on the 1H timeframe. The pair is in a strong bullish trend, confirmed by consistent Higher Highs (HH) and Higher Lows (HL).
🔍 Technical Setup:
Trend: Bullish
Divergence: Bearish divergence spotted on momentum indicators – suggesting a short-term pullback.
Pattern: Trend Line support intact.
Harmonics: None detected.
Bias: Bullish
Fibonacci Play: Expecting price to retrace to Fib 0.382 to form a fresh HL before continuation.
Entry Plan: Buy Limit at 2.07388 with SL at 2.06399 and TP1 at 2.08377.
Risk/Reward: 1:1 (Risk $50, Reward $50 on 0.08 lots, 0.5% risk on $10K account).
📊 Currency Index Confirmation:
GBP Index is strongly bullish, indicating Pound strength.
AUD Index is strongly bearish, showing Aussie weakness.
This aligns perfectly with the bullish bias on GBP/AUD.
📰 Fundamental Drivers:
Recent UK economic data (e.g., better-than-expected GDP growth & positive services PMI) has strengthened GBP.
AUD weakness driven by falling commodity prices and cautious RBA policy tone.
Risk-off market sentiment has reduced demand for AUD as a commodity currency.
Trade Plan:
Buy Limit: 2.07388
SL: 2.06399
TP1: 2.08377
Lot Size: 0.08
Risk: 0.5% ($50)
Reward: 0.5% ($50)
💬 What’s your view on GBP/AUD? Do you see the same setup?
📍 Drop your analysis in the comments — let’s discuss!
❤️ Like if you find this useful, 🔄 share to help other traders, and ✅ follow me for more trade setups.
#GBPAUD #ForexSignals #PriceAction #SwingTrading #ForexStrategy #FibonacciTrading #ForexAnalysis #TradingSetup #CurrencyTrading #TechnicalAnalysis #BullishTrend #ForexCommunity #FXTrader #PriceActionTrading #TradeSetup #ForexCharts #MarketAnalysis #ForexLife #TrendTrading #TraderLife #ForexEducation #GBPIndex #AUDIndex
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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.