EURAUD – Channeling the Bears!

[theSignalyst]

EURAUD has been overall bearish , trading inside a clear descending channel.

Price recently bounced and is now retesting the 1.7800 structure zone, which aligns with the upper bound of the channel. This area is acting as a strong confluence , making it a potential spot to look for short opportunities.

As long as price remains below this structure, sellers are likely to stay in control, with downside continuation toward the channel’s lower bound.

Patience is key here — waiting for bearish confirmation can provide a cleaner entry and reduce risk.

*️ Disclaimer: This is not financial advice. Always do your own research and manage risk properly.

Stick to your trading plan regarding entry, risk, and trade management.

Good luck!

All Strategies Are Good; If Managed Properly!
~Richard Nasr*

[Dave]

Smart breakdown here patience really is the edge in setups like this The confluence at 1.7800 looks meaningful but waiting for that bearish confirmation feels like the best move to avoid unnecessary risk

[Jibon1199]

Love the reminder that it’s all about managing the plan not just chasing the move A clean rejection from this zone could be golden for sellers but discipline will decide the outcome

[theSignalyst]

@Dave glad you like it dave