Breakout or Fakeout? Eyes on Confirmation Zone 👁️
EUR/AUD has finally tapped into a critical resistance at 1.79900, a level previously rejected with high volatility. The current price action is testing this ceiling, with signs of strength — but smart money waits for confirmation.
What We’re Seeing:
🔹 Uptrend Intact: All EMAs are aligned in bullish order.
🔹 Bullish Fair Value Gap (FVG) formed below — a potential area of demand.
🔹 Price now hovering inside the Confirmation Zone — marked by previous highs and psychological resistance.
🔹 Volume building gradually — but breakout volume not confirmed yet.
⚖️ Summary:
Trend: Upward
Structure: Breakout under test
Momentum: Bullish
Market Phase: Confirmation / decision point
Key Behavior: Watch for commitment or rejection without predicting it
EUR/AUD has finally tapped into a critical resistance at 1.79900, a level previously rejected with high volatility. The current price action is testing this ceiling, with signs of strength — but smart money waits for confirmation.
What We’re Seeing:
🔹 Uptrend Intact: All EMAs are aligned in bullish order.
🔹 Bullish Fair Value Gap (FVG) formed below — a potential area of demand.
🔹 Price now hovering inside the Confirmation Zone — marked by previous highs and psychological resistance.
🔹 Volume building gradually — but breakout volume not confirmed yet.
⚖️ Summary:
Trend: Upward
Structure: Breakout under test
Momentum: Bullish
Market Phase: Confirmation / decision point
Key Behavior: Watch for commitment or rejection without predicting it
DKtrades
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.
DKtrades
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.