EURAUD – Incoming Upthrust? Accumulation or Distribution?

Chart Context:

EURAUD recently completed a sharp markdown after a textbook rising channel break. What’s interesting now is that price has entered what looks like a potential box range between 1.7768 and 1.7885.

I'm anticipating a possible upthrust move into the 1.788x zone — and what follows will reveal the true intent.


Here’s the internal debate:

Are we looking at reaccumulation — smart money trapping shorts before driving higher in line with broader money flow?

Or is this a distribution — where the market builds a false sense of support before deeper downside?


🔍 What tips the scale for now is this:

>The overall money flow direction (via volume patterns + structure) has leaned bullish, so I’m favoring accumulation with a shakeout scenario.




Signs I’m watching:

✅ Absorption volume near the bottom of the range
✅ Higher lows inside the zone
✅ Fake breakout / upthrust into prior structure
❌ Failure to hold above 1.7855 could flip the bias short-term

📉 Expecting one more dip to test demand, followed by range tightening, and if buyers show up strong — the breakout can get explosive.


What’s your take?

Are we prepping for a markup or will this fakeout and roll over?

"I go long or short as close as I can to the danger point, and if the danger becomes real, I close out and take a small loss"