EUR/AUD Forms Bearish Lower High for Next Leg Down!

137
Timeframe: 1-Hour (H1)
Ideal for swing or position-based intraday trades.

Entry Area (Supply Zone):
Price is reacting from 1.75850 – 1.75970 — strong resistance from prior structure.

Bearish Pattern:
Clear lower highs and supply test failure with rejection — confirms sellers' control.

Stop Loss:
Placed just above the resistance zone near 1.75976.

Target Zone (Demand):
Final green demand zone around 1.73880 – 1.74000 — key support and recent low.

Bearish Wave Projection:
Marked by consistent lower lows and tight bearish continuation structure.

Risk-to-Reward:
Very healthy setup with approx. 1:3+ RRR (ideal for professional entries).

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Penafian

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