Description:
6A1! (AUD/USD Futures) is currently coiling inside a symmetrical triangle structure, developing a textbook compression pattern after reclaiming a key low-volume demand zone. The price action shows signs of bullish continuation, supported by structural higher lows and the recent mitigation of a local Fair Value Gap (FVG).
Market Structure & Context:
After a sharp drop into premium demand, price formed a structural bottom near 0.6500 and began carving out higher lows.
Price is now consolidating beneath a descending trend line, forming a symmetrical triangle, typically a neutral pattern but here it follows a strong impulsive move from demand, giving it bullish continuation potential.
A Fair Value Gap (FVG) formed on the most recent impulsive candle and is now being actively tested if reclaimed and held, it could act as a launchpad for upside continuation.
Key Technical Levels:
Entry Zone: 0.65320 (Break and retest of triangle support + micro demand)
Fair Value Gap: 0.65380–0.65440 (needs a clean close above)
TP1: 0.65480 (Previous structural resistance)
TP2: 0.65670 (Full premium supply mitigation zone)
Invalidation: Below 0.65200 (would break triangle and invalidate bullish thesis)
Quantitative Confluence:
Volume tapering off within the wedge = compression
Efficient rejection of thin liquidity zone suggests institutional accumulation
Symmetrical triangle resolution statistics historically favoUr continuation of prior move (bullish impulse precedes consolidation)
Risk Considerations:
FVG rejection could trap breakout traders wait for clear close above + retest
CPI/News events during Asia or London may cause fake out wicks — avoid premature entries
Final Thoughts:
This setup offers a high-probability breakout scenario if price can hold above 0.65320 and reclaim the FVG zone. A clean breakout of the triangle and fair value gap would open the path to premium inefficiency fill around 0.65670. However, a breakdown below 0.65200 flips the script bearish and could target the lower demand block around 0.65000.
6A1! (AUD/USD Futures) is currently coiling inside a symmetrical triangle structure, developing a textbook compression pattern after reclaiming a key low-volume demand zone. The price action shows signs of bullish continuation, supported by structural higher lows and the recent mitigation of a local Fair Value Gap (FVG).
Market Structure & Context:
After a sharp drop into premium demand, price formed a structural bottom near 0.6500 and began carving out higher lows.
Price is now consolidating beneath a descending trend line, forming a symmetrical triangle, typically a neutral pattern but here it follows a strong impulsive move from demand, giving it bullish continuation potential.
A Fair Value Gap (FVG) formed on the most recent impulsive candle and is now being actively tested if reclaimed and held, it could act as a launchpad for upside continuation.
Key Technical Levels:
Entry Zone: 0.65320 (Break and retest of triangle support + micro demand)
Fair Value Gap: 0.65380–0.65440 (needs a clean close above)
TP1: 0.65480 (Previous structural resistance)
TP2: 0.65670 (Full premium supply mitigation zone)
Invalidation: Below 0.65200 (would break triangle and invalidate bullish thesis)
Quantitative Confluence:
Volume tapering off within the wedge = compression
Efficient rejection of thin liquidity zone suggests institutional accumulation
Symmetrical triangle resolution statistics historically favoUr continuation of prior move (bullish impulse precedes consolidation)
Risk Considerations:
FVG rejection could trap breakout traders wait for clear close above + retest
CPI/News events during Asia or London may cause fake out wicks — avoid premature entries
Final Thoughts:
This setup offers a high-probability breakout scenario if price can hold above 0.65320 and reclaim the FVG zone. A clean breakout of the triangle and fair value gap would open the path to premium inefficiency fill around 0.65670. However, a breakdown below 0.65200 flips the script bearish and could target the lower demand block around 0.65000.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.