We're approaching a high-probability area of interest just below 1.7950. Price recently created a Break of Structure (BOS) at 1.7870 and is now retesting that broken structure zone.
📌 Key Levels:
Entry Zone (AOI): 1.7920 – 1.7950
Stop Loss: 1.8020 (above recent highs)
Target: 1.7665 – swing low support
💡 Expecting a rejection from the supply zone and continuation of the bearish move.
Confluence:
BOS confirmation
RSI overbought
Weak Euro sentiment fundamentally vs AUD strength from commodities
📌 Key Levels:
Entry Zone (AOI): 1.7920 – 1.7950
Stop Loss: 1.8020 (above recent highs)
Target: 1.7665 – swing low support
💡 Expecting a rejection from the supply zone and continuation of the bearish move.
Confluence:
BOS confirmation
RSI overbought
Weak Euro sentiment fundamentally vs AUD strength from commodities
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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.
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.