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
면책사항
해당 정보와 게시물은 금융, 투자, 트레이딩 또는 기타 유형의 조언이나 권장 사항으로 간주되지 않으며, 트레이딩뷰에서 제공하거나 보증하는 것이 아닙니다. 자세한 내용은 이용 약관을 참조하세요.
면책사항
해당 정보와 게시물은 금융, 투자, 트레이딩 또는 기타 유형의 조언이나 권장 사항으로 간주되지 않으며, 트레이딩뷰에서 제공하거나 보증하는 것이 아닙니다. 자세한 내용은 이용 약관을 참조하세요.