EURAUD

EUR/AUD is breaking out of a channel, forming a bearish triangle consolidation. This pattern suggests liquidity is building for an impulsive move, especially with high-impact news like NFP on the horizon. Watch for a wick above the previous high or a retest of a bearish order block. A pin bar or engulfing candle at this level will confirm that upside liquidity has been grabbed, trapping traders and signaling a bearish breakout. Such a setup aligns with a potential downside move after the liquidity sweep.