📌 Pair: EUR/AUD
⏳ Timeframe: 4H
📈 Market Overview:
EUR/AUD has been in a strong bullish trend, pushing towards 1.7000+ levels, breaking previous resistance zones. However, we are now approaching a critical area where price could either consolidate or retrace before continuing higher.
🔍 Key Levels to Watch:
1.71825 – Daily Resistance: A major level where sellers may step in.
1.70048 – Recent High: Current price has reached a key psychological level.
1.68461 – Broken Support: Potential retest zone.
Fair Volume Gaps: Gaps indicate possible areas for retracement before a continuation.
Fibonacci Retracement Levels:
0.382 - 1.67569
0.5 - 1.66814
0.618 - 1.66058
📊 Trade Plan:
🔹 Scenario 1 - Bullish Continuation: If price consolidates above 1.68461 and forms a strong rejection, we could see a continuation towards 1.71825.
🔹 Scenario 2 - Pullback & Retest: If price retraces into the Fair Volume Gap zones or Fib levels, we can look for bullish confirmations before entering long positions.
💡 Trade Sentiment:
✅ Bullish Bias remains strong
📍 Watching for a healthy pullback before further upside
📉 Bearish reversal only if price breaks below 1.6600
⏳ Timeframe: 4H
📈 Market Overview:
EUR/AUD has been in a strong bullish trend, pushing towards 1.7000+ levels, breaking previous resistance zones. However, we are now approaching a critical area where price could either consolidate or retrace before continuing higher.
🔍 Key Levels to Watch:
1.71825 – Daily Resistance: A major level where sellers may step in.
1.70048 – Recent High: Current price has reached a key psychological level.
1.68461 – Broken Support: Potential retest zone.
Fair Volume Gaps: Gaps indicate possible areas for retracement before a continuation.
Fibonacci Retracement Levels:
0.382 - 1.67569
0.5 - 1.66814
0.618 - 1.66058
📊 Trade Plan:
🔹 Scenario 1 - Bullish Continuation: If price consolidates above 1.68461 and forms a strong rejection, we could see a continuation towards 1.71825.
🔹 Scenario 2 - Pullback & Retest: If price retraces into the Fair Volume Gap zones or Fib levels, we can look for bullish confirmations before entering long positions.
💡 Trade Sentiment:
✅ Bullish Bias remains strong
📍 Watching for a healthy pullback before further upside
📉 Bearish reversal only if price breaks below 1.6600
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.
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.