EURAUD is gearing up for a bullish move on the 4-hour chart, with an entry zone in the red box between 1.791-1.80 near a key support level. The target at 1.819 aligns with the next resistance, offering a solid upside potential. Set a stop loss on a 4hours close below 1.79 to manage risk effectively. This setup is enhanced by Elliott Wave analysis on the EUR/AUD 4H chart, we can clearly spot a classic Elliott Wave structure (1 to 5) in play.🔹 Price is now in corrective wave (4), approaching the key support zone (1.791 – 1.800). From here, we may see the beginning of wave (5) bullish leg targeting new highs.
✅ Entry: 1.791 – 1.800 (red support box)
❌ Stop Loss: Candle close below 1.790
🎯 Target: 1.819 (potential wave (5) top)
📈 If this Elliott Wave count plays out, the next bullish impulse could be strong.
👉 Do you think wave (5) can extend beyond 1.819? Share your thoughts below!
Your comments and support keep me motivated to share more setups 🙏🔥
#EURAUD #Forex #Trading #ElliottWave #TechnicalAnalysis #ForexSetup #PriceAction #ForexSignals #SwingTrading #ForexCommunity #TradingView
Trade closed: stop reached
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.