📌 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
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.