📍 Structure Shift
Price has broken out of a descending wedge, hinting at a bullish reversal after a prolonged downtrend. This pattern often signals a liquidity sweep followed by a rally — which aligns with current market behavior.
📍 Key Confluences
Bullish Liquidity Trendline respected with multiple touches and strong rejection candles.
Medium Demand Zone has been tested and held, showing signs of institutional accumulation.
71% Fibonacci Retracement from the most recent leg has been tagged and respected — prime zone for reversals.
Break above a medium resistance level now flipping into support.
📍 Volume Analysis
Spike in buying volume near the 71% fib and demand zone – another tick for bullish strength.
📍 Buy-Side Liquidity Above
Clean equal highs and unmitigated zones above. Market likely targeting these areas next.
📈 Bias: Strong Buy
As long as price holds above the broken wedge and the bullish trendline, EUR/AUD has strong potential to rally toward the buy-side liquidity zone marked at the top.
🎯 Next Target:
Liquidity sweep zone above highs
Then into the upper supply zone for reaction or reversal
Price has broken out of a descending wedge, hinting at a bullish reversal after a prolonged downtrend. This pattern often signals a liquidity sweep followed by a rally — which aligns with current market behavior.
📍 Key Confluences
Bullish Liquidity Trendline respected with multiple touches and strong rejection candles.
Medium Demand Zone has been tested and held, showing signs of institutional accumulation.
71% Fibonacci Retracement from the most recent leg has been tagged and respected — prime zone for reversals.
Break above a medium resistance level now flipping into support.
📍 Volume Analysis
Spike in buying volume near the 71% fib and demand zone – another tick for bullish strength.
📍 Buy-Side Liquidity Above
Clean equal highs and unmitigated zones above. Market likely targeting these areas next.
📈 Bias: Strong Buy
As long as price holds above the broken wedge and the bullish trendline, EUR/AUD has strong potential to rally toward the buy-side liquidity zone marked at the top.
🎯 Next Target:
Liquidity sweep zone above highs
Then into the upper supply zone for reaction or reversal
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.