The EUR/AUD pair has been trading within a parallel ascending channel but recently showed signs of weakness near the upper boundary.
🔹 We saw a long period of consolidation in the highlighted zone, followed by a minor breakout that failed to gain momentum.
🔻 Price is now approaching a critical support level (~1.7258). A break below this zone could trigger strong bearish momentum and confirm a potential channel breakdown.
Key insights:
Consolidation breakout failed to sustain above the range.
Bearish pressure is building near the bottom of the channel.
Breakdown projection suggests targets near 1.7258 and lower.
📉 Trade idea: Watch for a clean break and retest of the support level for a potential short entry. Always use proper risk management and monitor price action confirmation.
What do you think – will the bears take over from here? Let me know in the comments! 👇
#EURAUD #Forex #TechnicalAnalysis #PriceAction #Breakdown #TradingView
🔹 We saw a long period of consolidation in the highlighted zone, followed by a minor breakout that failed to gain momentum.
🔻 Price is now approaching a critical support level (~1.7258). A break below this zone could trigger strong bearish momentum and confirm a potential channel breakdown.
Key insights:
Consolidation breakout failed to sustain above the range.
Bearish pressure is building near the bottom of the channel.
Breakdown projection suggests targets near 1.7258 and lower.
📉 Trade idea: Watch for a clean break and retest of the support level for a potential short entry. Always use proper risk management and monitor price action confirmation.
What do you think – will the bears take over from here? Let me know in the comments! 👇
#EURAUD #Forex #TechnicalAnalysis #PriceAction #Breakdown #TradingView
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.