Euro / Australian Dollar forum
EURAUD last 30 min demand zone
EURAUD Market Analysis Update:
We have successfully collected liquidity from the 0.5 Fibonacci retracement level or the retest of the bearish flag formation and are now progressing downward toward the swing low created on January 2nd. Upon reaching this level, the market will approach a critical point of inflection.
Given the prevailing context, the bias remains skewed to the downside, as the asset has been trading within a well-defined range over the past few years. From a macroeconomic perspective, there appears to be no catalyst strong enough to break out of this range, reinforcing the likelihood of continued movement within it. But as always we do not predict the market we react to what it gives us
EURAUD EUR/AUD broke out of a daily rising wedge, rejecting off a significant order block that has defined its range for years. The failure to reclaim recent highs after grabbing liquidity signals exhaustion in the upward move, with price now shifting back into the range.Execution Highlights:
• Entry: Shorted at the rejection point with confluence from Bollinger Bands signaling heightened volatility.
• Target: Initial target set at the previous daily higher low (HL), aligning with a Fibonacci extension. A breakdown of the HL would lead to extended targets at the 0.5–0.618 retracement zone.
• Indicators: Supported by bearish momentum and no oversold conditions, confirming room for further downside.
The Full idea has been published so Feel free to check it out for more information
EURAUD Already sell but arghhhh
EURAUD there we go now we launch into the buy.
EURAUD watch this ...SEA @ 1.6626
solid setup...lets see 🙈
---> Statistically Significant Signals
EURAUD Note to self, never trade this pair again.EURAUD triple 4h candle all closed below supply zone indicated the supply zone on top is strong, price currently around 0.5-618 zone, targeting sell to clear below liquidity
EURAUD So much upside liquidity to be filled
EURAUD that green candle tho and i had been holding and still in profit. Beautiful 🙌