EURAUD 4H: Long Setup from Fresh Demand ZoneOverview:
OANDA:EURAUD retracing into a newly formed 4H demand zone after a bullish Break of Structure (BoS). Eyes on continuation towards a historically significant supply zone at 1.8000.
🧩 Setup Details
• Asset & Timeframe: EURAUD, 4H
• Bias: Bullish
• Entry Zone: 1.77300 – 1.77700 (DEMAND area)
• Targets:
🎯 T1 = 1.7900 (minor reaction level)
🎯 T2 = 1.8000 (historical supply level)
• Stop-Loss: Below 1.77300 (last valid demand)
• Risk-Reward: Approx. 1:6+
🧠 Why Now? (Trade Rationale)
• ✅ Fresh 4H Demand Zone: Price is retracing into a clear demand zone after rejecting lower prices.
• ✅ Break of Structure (BoS): Bullish BoS confirms shift in order flow.
• ✅ Volume Confirmation: Increasing demand near current price levels.
• ✅ Clear Liquidity Sweep: Price likely swept short-term lows before BoS.
• ✅ Target Supply Zone: 1.8000 is a well-respected historical supply/resistance level — clean magnet for price.
⏱ Multi-Timeframe Context
• Daily Chart: Price is reacting off a larger DAILY DEMAND ZONE. Trend bias is bullish.
• 4H Chart: Structure break + demand formation suggest continuation.
• 1H/Entry Level: Monitor price action in the blue zone for lower-timeframe confirmation (e.g. bullish engulfing, flip zones, LQ sweep, etc.) and potentially greater risk-reward.
📉 Risk Management & Duration
• Stop below 1.76315 keeps you protected from deeper invalidation.
• Trade Duration: Short to mid-term (1–4 days).
• Position Size: Scale based on volatility; ideal for swing trade conditions.
📌 Trade Plan Summary
📍 Watch for bullish PA on re-entry into demand (1.77300–1.77700)
📍 Set SL below 1.76315
📍 TP1 at 1.79000 — partials advised
📍 TP2 at 1.80000 — strong historical level
📍 Adjust SL to BE on momentum breakout
