EURAUD SELL PROJECTION

31 oct.

After a smooth rally upward, EURAUD is primed to reverse from 1.6581, which was our original target from the previous buy setup. This level now serves as unmitigated supply from weeks prior and aligns with the 161.8% Fib extension of the current rally.

We’re planning to sell from 1.6581 down to 1.6250, a key demand level within the broader bullish trend. Our stop-loss will be kept moderate at 1.6625, providing a solid 1:8 risk-to-reward ratio.

Stay tuned here for more setups and projections!

31 oct.

Note

We're now live in the trade and closely monitoring its progress. On the H4 timeframe, we’re watching for a price close below 1.6545, the level of the last candle before entry. A further close below 1.6530 would signal an intra-candle structure shift, confirming readiness for the bearish move.

At that point, we’ll look to identify a supply zone (Order Block) to potentially add to our current position.

Stay tuned for further updates!

1 nov.

Note

Hello Everyone,

Thank you all for the incredible support — it truly means a lot!

Quick update on our trade: we’re currently up 45 pips from entry, sitting at a 1:1 risk-to-reward. As a rule, it's always wise to protect gains, so we’ll be moving our stop loss to 1.6567. This ensures that if price closes above this level, we’ll be safeguarded against a potential reversal.

Our next profit target is 1.6477. Stay tuned here for further updates!

1 nov.

Note

We're currently up 100+ pips and have reached our initial target at 1.6475 on this sell position. Now, we'll watch for a suitable supply zone to add to our position. Since it's the weekend, I'd like to wait and see if the daily candle closes below yesterday’s low at 1.6495. If it does, that would signal strong bearish momentum, suggesting further downside potential. I’ll keep you posted with the ideal supply level for adding to our position.