GBP/AUD - Daily Trading

Hello everyone I thought I would start my own thread since I did not see this pair and it is one of my favorites. The purpose is to make money so I'm not interested in anyones personal nationalism and would like to focus post on technicals, fundamentals, economic calender data, and especially charting. Please feel free to start discussions.
Thank You,
Trader Neal

PS please feel free to use my private website Forex Talk
also if you have any pertinent links I'll gladly post them
and we can share my website for research. There are
several news streams that will interest you.

my current bias is mixed but it's in a 6 day downwave, preceding a 15 day upwave, preceding 34 days of a sideways pattern that is clearly seen in bollinger bands on a daily. bid tone has been on the downside though. the downwave has really been a result of one major day of selling and the rest of the pattern has not been able to break far below the first days sell off.
Please post your charts if you don't mind sharing them.

Looking for feedback.. This is a great pair. high risk/high reward.

Treasury Suspends Sales of Gold Coins

There is some uncertainity is US political circles due to russia and Gerogia war. Thia has cause Fuel prices to rice and so USD is getting weaker.

No wonder EUR/USD and GBP/USD are bullish.

oh yah i agree..

8/19: Crude Oil Rises, Gasoline Falls, Distillate Rises

GBPAUD sell 1.6190
TP 1.59ish
SL 1.6330
0,30%

nest of sellers and point of TP

Still, I see a lot of GBP buying on the market-AUD on the other hand also bought on a yearly scale - carry carry carry. Will wait for 38,20 fibo to be hitted and then just move SL to BE and enjoy the ride.

SL to BE.

Yes Yes! 200 pips locked in...

sold gbp/aud @ 1.6220..

hit sl...-55pips

This pair generally goes up when the stock market is falling...

thx for the advice...i'm new to trading this currency pair...juz wanted to give a try..

GBP/AUD Forming h&s on up trend potential short 1.6140 tp 100 pips sl 30 pips

This lovely pair is in a interesting position.

GBP:
In last 7 weeks we saw steady buying of GBP as a currency against G7. Still, this week we saw 0,76% of selling at this cross.

AUD:
In last 7 weeks we saw a lot of buying from G7 currencies. AUD as a carry and comodity currency should always be on a buy side but last week we also saw a bit of selling (-0,82%).

GBPAUD:
The pair this week consolidated at 1,5465. On a monthly data we can see price in a green area (0,05%). Before this week we also saw no percentage change in this cross.

On a daily data we can see days consolidating and days which are bought half percent.

Technically:

We can see triangle forming and when price will move out of it, we could see at least 2 weeks of trend movement.

Scenarious:

1. If we break 1,5465 we could see downward trend at least to 1,5160 area.

2. If we break trendline at 1,5566 and then resistance at 1,5637 we could be a part of 1,5790 scenario.

Was looking for some new pair to trade and came acros this one.

Situation on the GBP/AUD looks now interesting.
As we can see from the chart, we passed through 200 EMA, 61.8 Fibo lvl and are still heading down, probably to continue the down trend. Also under short and medium trend lines. Rsi is bearish. Next ressistance is 1.5168 and ofcours 1.5000. If we will get there this is a clear continuation and we can suspect new lows!

Good luck with this pair!

This currency pair pays a good daily swap interest. I have 6 short positions with a +1 pip stop loss. Easy money here.

I closed 2 of my short GBP/AUD positions (from 1.5774 and 1.5782) on some serious Risk Aversion Market Sentiment.
The remaining 4 positions have a +1 pip stop loss and collecting daily passive interest income with no risk of loss to the principle.
I cancelled all pending orders and will stand aside over the weekend and let them ride. Picking tops and bottoms is too risky.

The cluster resistance on this weekly chart for gbp/aud provided by the white 5 sma low, the blue 14 sma, and the green 22 sma has held for now.
Expect the Asian session to follow suit when it opens Monday, with more Risk Aversion Market sentiment. A yellow 5 sma retrace is possible @ 1.5467 price level.