EUR/AUD short scenario
๐ก๐ฒ๐ ๐๐ป๐ฎ๐น๐๐๐ถ๐ โ ๐ฃ๐ฟ๐ผ๐ฝ ๐ง๐ฟ๐ฎ๐ฑ๐ถ๐ป๐ด ๐๐ต๐ฎ๐น๐น๐ฒ๐ป๐ด๐ฒ | ๐๐จ๐ฅ/๐๐จ๐
Yesterday, EUR/AUD **stopped out the previous short idea**.
Price pushed once again into the previous high.
But that's trading.
**The market decides. We adapt.**
The bigger picture remains interesting:
EUR/AUD is still **bearish on the D1 timeframe**.
After yesterday's strong **~110 pip displacement to the downside**, the current price action is worth watching closely.
Above current price sits **buyside liquidity**, located around the **OTE area**.
๐ข๐ป๐ฒ ๐ฝ๐ผ๐๐๐ถ๐ฏ๐น๐ฒ ๐๐ฐ๐ฒ๐ป๐ฎ๐ฟ๐ถ๐ผ:
Price moves higher into the **OTE / buyside area**, takes the liquidity and then shows a bearish reaction.
๐๐๐๐๐ถ๐ฑ๐ฒ ๐ฅ๐ฎ๐ถ๐ฑ โ ๐ข๐ง๐ โ ๐๐ฒ๐ฎ๐ฟ๐ถ๐๐ต ๐ฅ๐ฒ๐ฎ๐ฐ๐๐ถ๐ผ๐ป โ ๐ฆ๐ต๐ผ๐ฟ๐
๐ฆ๐๐ฟ๐ฎ๐๐ฒ๐ด๐: **๐๐ผ๐ป๐๐ถ๐ป๐๐ฎ๐๐ถ๐ผ๐ป**
The idea is to trade the continuation of the existing **D1 bearish trend** after a retracement into the OTE / buyside area.
But as always:
**It's a scenario, not a prediction.**
We will see what the market decides.
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โ ๏ธ ๐๐ถ๐๐ฐ๐น๐ฎ๐ถ๐บ๐ฒ๐ฟ
This post documents my personal market analysis and trading scenarios as part of a public trading challenge.
It is **not financial advice, investment advice, or a recommendation to buy or sell any financial instrument**.
Trading involves substantial risk, and past performance does not guarantee future results.
๐๐ผ ๐๐ผ๐๐ฟ ๐ผ๐๐ป ๐ฟ๐ฒ๐๐ฒ๐ฎ๐ฟ๐ฐ๐ต ๐ฎ๐ป๐ฑ ๐บ๐ฎ๐ป๐ฎ๐ด๐ฒ ๐๐ผ๐๐ฟ ๐ฟ๐ถ๐๐ธ.