MarketBreakdown | EURAUD, GBPJPY, WTI CRUDE OIL, SILVER
Here are the updates & outlook for multiple instruments in my watch list.
1️⃣ #EURAUD daily time frame 🇪🇺🇦🇺
The market is trading in a bullish trend.
The price is steadily growing within a rising parallel channel.
A recent test of its support triggered a strong bullish reaction.
I think that a rise may continue at least to a current high - 1.8035
2️⃣ #GBPJPY daily time frame 🇬🇧🇯🇵
The market is consolidating within a narrow horizontal
parallel channel.
Consider consolidation, trading within its boundaries.
The next bullish wave will be confirmed with a breakout and a
daily candle close above its resistance.
3️⃣ CRUDE OIL #WTI daily time frame 🛢️
The market remains weak and consolidation continues.
I see a wide horizontal range where the price is now stuck.
I think that we may see a pullback from its support.
4️⃣ #SILVER #XAGUSD daily time frame 🪙
The market is retracing after a formation of a new higher high.
I see a strong demand zone ahead: it is based on a rising trend line
and a recently broken horizontal resistance.
The next trend following movement will most likely initiate from there.
Do you agree with my market breakdown?
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AUDEUR trade ideas
If confirmed, this could be a strong trigger to enter shortIf the euro is indeed set to weaken — as we anticipate based on the current signs of trend exhaustion — this could be a solid trigger for a short position.
However, if the breakout fails to confirm, it may turn out to be a fakeout, potentially leading to a bullish reversal instead
EURAUD SELL IDEAWe can only anticipate sells if price breaks out of the trendline,there has been rejection already on H4 due to a reaction from breakerblock.
EURAUD still looks bearish internally and if you look closely you will notice price is forming an expansion
But if price keeps keeps the bullish run which I doubt,we can anticipate the bullish move to continue as it has hit the 3rd touch on the trendline
EURAUD 4H Chart DownsideI expect further downside for EURAUD.
Ideally, I´d prefer the current upside correction to reach 50% pullback (at 1.79088).
Intermediate targets are the green zones which served as resistance & support levels during the uptrend, and final target is the blue zone close to the May pivot low.
EUR/AUD – Next impulsive leg in playHello traders,
Fascinating PA over the last few weeks. PA came from in impulsive phase (HTF) and formed currently the corrective phase. PA stagnated for a while before it dropped towards the downside, completed its trend with 3 drives (ending structure). It currently forms the second continuation. PA closed still bullish on the 4H. However. PA wicked with full PA through an area of interest, which could mean that orders are being filled and PA is ready to go towards the downside.
If it commits I'm looking for multiple scale-ins and targeting the 90% - rule of the whole pattern.
EURAUD - Looking To Sell Pullbacks In The Short TermH1 - Strong bearish move.
No opposite signs.
Currently it looks like a pullback is happening.
Expecting bearish continuation until the two Fibonacci resistance zones hold.
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EURAUD – Incoming Upthrust? Accumulation or Distribution? Chart Context:
EURAUD recently completed a sharp markdown after a textbook rising channel break. What’s interesting now is that price has entered what looks like a potential box range between 1.7768 and 1.7885.
I'm anticipating a possible upthrust move into the 1.788x zone — and what follows will reveal the true intent.
Here’s the internal debate:
Are we looking at reaccumulation — smart money trapping shorts before driving higher in line with broader money flow?
Or is this a distribution — where the market builds a false sense of support before deeper downside?
🔍 What tips the scale for now is this:
>The overall money flow direction (via volume patterns + structure) has leaned bullish, so I’m favoring accumulation with a shakeout scenario.
Signs I’m watching:
✅ Absorption volume near the bottom of the range
✅ Higher lows inside the zone
✅ Fake breakout / upthrust into prior structure
❌ Failure to hold above 1.7855 could flip the bias short-term
📉 Expecting one more dip to test demand, followed by range tightening, and if buyers show up strong — the breakout can get explosive.
What’s your take?
Are we prepping for a markup or will this fakeout and roll over?
"I go long or short as close as I can to the danger point, and if the danger becomes real, I close out and take a small loss"
EURAUD Flag Forming Below 1.80 – Time to Sell the Rally?📈 The Big Picture
In mid-February, EURAUD exploded to the upside, gaining over 2000 pips in just two weeks. After peaking near 1.85, the pair corrected sharply, returning to more balanced levels around 1.72.
🕰️ What’s happened since?
The market has resumed its climb and just recently made a new local high at 1.81. On the surface, it looks like bulls are still in control – but a closer look reveals warning signs.
🔍 Key structure observations:
• The current rally appears to be a measured move, topping out near the 61.8% Fibonacci retracement of the previous drop
• Price structure is overlapping, suggesting weak momentum
• A large flag pattern is developing – typically bearish in this context
• The pair still trades above the ascending trendline, but a breakdown is looming
📍 Current price: 1.7805
🎯 Swing Trade Plan
From a swing trading perspective, I’m looking to sell rallies near the 1.80 zone, with:
• Negation: if the price breaks clearly above the recent high
• Target: the recent low around 1.7250 – where the last correction ended
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📌 Conclusion:
EURAUD may have exhausted its bullish energy. The technical picture suggests we are in the late stage of the rally, with bearish patterns stacking up. Unless bulls manage a clean breakout above 1.80, this looks like a great place to position for a medium-term reversal. 🚀
Disclosure: I am part of TradeNation's Influencer program and receive a monthly fee for using their TradingView charts in my analyses and educational articles.
EURAUD BUY?Market is overall bullish on daily and weekly. Based on 4HR TF, the market is reacting to daily FIB area.
We could see BUYERS coming in strong should the current level hold.
Disclaimer:
Please be advised that the information presented on TradingView is solely intended for educational and informational purposes only.The analysis provided is based on my own view of the market. Please be reminded that you are solely responsible for the trading decisions on your account.
High-Risk Warning
Trading in foreign exchange on margin entails high risk and is not suitable for all investors. Past performance does not guarantee future results. In this case, the high degree of leverage can act both against you and in your favor
EURAUD forming a bottom?EURAUD - 24h expiry
The primary trend remains bullish.
The selloff has posted an exhaustion count on the daily chart.
Preferred trade is to buy on dips.
Risk/Reward would be poor to call a buy from current levels.
Bespoke support is located at 1.7760.
We look to Buy at 1.7760 (stop at 1.7715)
Our profit targets will be 1.7940 and 1.7970
Resistance: 1.7875 / 1.7950 / 1.8000
Support: 1.7750 / 1.7715 / 1.7670
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Idea on a charthe June consumer price inflation report shows a 0.3% month-on-month reading for headline inflation (0.287% to three decimal places) and a 0.2% MoM outcome for core (0.228%) versus the consensus forecast of 0.3% for both. The details show that there was some scattered evidence of early tariff impacts on some goods components – mainly fresh fruit & vegetables, household appliance, toys, clothing and sporting goods, but this was offset to a large extent by softness in the all-important shelter component, which has an approximately 40% weighting within the core CPI basket. It rose only 0.2% MoM while new vehicle
7.15 EUR/AUD LIVE TRADEHere is another Eur market that looks to be heading down. We have a 123 leg down with pullbacks creating swing highs and lows. The 4th leg has made a pullback with a strong engulfing candle rejection at support and resistance. Price action is at the 50 EMA and not above it. Volume is good, not great. Momentum is great. Price will have to take out the recent swing high for us to be wrong but watch out for those equity grabs...I hate that. We use the top/bottom of the recent swing high/low and add/deduct the current ATR to help reduce the stop loss hunters. I would have liked price action to be a bit higher into the S/R but determining S/R level is very subjective...i might see one area and you might see something different. I think it is important to use support and resistance zones, this trade might be a Head and Shoulder pattern? What do you guys think?
EURAUD Bullish support at 1.7720The EURAUD remains in a bullish trend, with recent price action showing signs of a corrective pullback within the broader uptrend.
Support Zone: 1.7720 – a key level from previous consolidation. Price is currently testing or approaching this level.
A bullish rebound from 1.7720 would confirm ongoing upside momentum, with potential targets at:
1.7920 – initial resistance
1.7970 – psychological and structural level
1.8000 – extended resistance on the longer-term chart
Bearish Scenario:
A confirmed break and daily close below 1.7720 would weaken the bullish outlook and suggest deeper downside risk toward:
1.7680 – minor support
1.7630 – stronger support and potential demand zone
Outlook:
Bullish bias remains intact while the EURAUD holds above 1.7720. A sustained break below this level could shift momentum to the downside in the short term.
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EURUSD Trade SetupEURUSD Trade Setup – Bearish Bias 📉
After a clear CHoCH, price retraced into a Fair Value Gap (FVG), showing signs of rejection. Market structure is shifting, and we anticipate a continuation lower toward the next demand zones.
This is a great example of SMC concepts aligning:
- CHoCH confirms the trend reversal
- FVG provides an entry opportunity
- Bearish momentum is building
Bias: Bearish
Plan: Monitor price action around FVG for confirmation of continuation.
"Let the structure guide your bias. Follow the flow." 🔥📊
EURAUD FORMING BEARISH FLAG PATTERN IN 4H TIME FRAMEEURAUD Bearish Flag Pattern Suggests Further Downside Ahead
The EURAUD pair is currently exhibiting a bearish flag pattern on the 4-hour chart, indicating a potential continuation of the downtrend. Price action remains confined within a secondary corrective phase, but the primary bearish trend is expected to resume soon. Traders should watch for another bearish flag formation in the upcoming sessions, reinforcing the likelihood of further declines.
Key Observations:
1. Bearish Trend Structure: The pair has been moving in a clear downtrend, with lower highs and lower lows confirming seller dominance.
2. Secondary Trend Phase: The current consolidation represents a temporary pause before the next leg down.
3. Bearish Flag Formation: The flag pattern suggests a continuation signal, with a potential downside target near 1.76400.
Trading Strategy:
- Entry: Consider short positions only after a confirmed breakdown below the flag’s support with strong bearish momentum.
- Target: The measured move projection points toward 1.76400, but partial profits can be taken along the way.
- Stop Loss: A conservative stop should be placed above the recent swing high to limit risk in case of a false breakout.
Risk Management:
- Maintain a disciplined risk-reward ratio (at least 1:2).
- Avoid aggressive entries; wait for clear confirmation (e.g., a strong bearish candle closing below support).
Conclusion:
EURAUD remains bearish, and the formation of another bearish flag reinforces the possibility of further downside. Traders should remain patient for a confirmed breakdown before entering short positions while adhering to strict risk management rules.