📉EURAUD remains structurally bearish, with price still respecting the broader descending trendline.
The recent bounce is corrective in nature and has brought price back into a key supply zone, right at the intersection with the upper trendline.
This area is critical.
⚔️As long as price remains capped below this confluence, the higher-timeframe bias stays bearish. This is exactly the type of zone where trend-following shorts become attractive — not blindly, but through confirmation on lower timeframes.
What matters here is not the level alone, but the reaction:
rejections, momentum loss, and lower-timeframe bearish structure will be the trigger.
If sellers defend this intersection, continuation to the downside remains the higher-probability scenario.
Will sellers step in again at the trendline, or will buyers surprise? 🤔
⚠️ Disclaimer: This is not financial advice. Always do your own research and manage risk properly.
📚 Stick to your trading plan regarding entries, risk, and management.
Good luck! 🍀
All Strategies Are Good; If Managed Properly!
~Richard Nasr
The recent bounce is corrective in nature and has brought price back into a key supply zone, right at the intersection with the upper trendline.
This area is critical.
⚔️As long as price remains capped below this confluence, the higher-timeframe bias stays bearish. This is exactly the type of zone where trend-following shorts become attractive — not blindly, but through confirmation on lower timeframes.
What matters here is not the level alone, but the reaction:
rejections, momentum loss, and lower-timeframe bearish structure will be the trigger.
If sellers defend this intersection, continuation to the downside remains the higher-probability scenario.
Will sellers step in again at the trendline, or will buyers surprise? 🤔
⚠️ Disclaimer: This is not financial advice. Always do your own research and manage risk properly.
📚 Stick to your trading plan regarding entries, risk, and management.
Good luck! 🍀
All Strategies Are Good; If Managed Properly!
~Richard Nasr
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Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, alım satım veya diğer türden tavsiye veya öneriler anlamına gelmez ve teşkil etmez. Kullanım Koşulları bölümünde daha fazlasını okuyun.
📊I help you turn charts into a career
theSignalyst.com
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t.me/thesignalyst
Trusted Crypto Exchange
cutt.ly/qtwKuPaJ
Trusted CFD Broker
cutt.ly/TickmillReal
theSignalyst.com
Telegram
t.me/thesignalyst
Trusted Crypto Exchange
cutt.ly/qtwKuPaJ
Trusted CFD Broker
cutt.ly/TickmillReal
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, alım satım veya diğer türden tavsiye veya öneriler anlamına gelmez ve teşkil etmez. Kullanım Koşulları bölümünde daha fazlasını okuyun.