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.
đź”» 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.
đź”» 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
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Declinazione di responsabilitĂ
Le informazioni e le pubblicazioni non sono intese come, e non costituiscono, consulenza o raccomandazioni finanziarie, di investimento, di trading o di altro tipo fornite o approvate da TradingView. Per ulteriori informazioni, consultare i Termini di utilizzo.