EUR/AUD is testing a...from CLOVER GOLD FX

04 Mar 2025, 18:11 · Views 106

EUR/AUD is testing a critical horizontal resistance level that has triggered reversals in the past, sending price back to the descending monthly support. While the setup remains risky, with the potential for a breakout, the latest candle shows signs of bullish exhaustion, hinting at a possible rejection. Liquidity buildup near this zone suggests that a breakout could lead to a strong impulse move, but confirmation is crucial. A rejection could offer a high-probability short setup, while a breakout and successful retest would validate a bullish continuation.

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#xauusd🔥🔥🔥🔥💰💸 #xauusd Read below 👇 Gold 50% and 61% level are Golden level for the End of Corrections phase... remember if price doing corrections not crashing then these are ideal level for the reverseal. In crashing scenario no Technical Analysis will be applied just see the Fundemntal. To me Price correction will end near these level will start it's Bullish journey towards the resistance area as mentioned on the chart.

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#chfjpy #chf #jpy CHFJPY on the 1D shows a long impulsive structure that has now completed a five wave formation with the fifth wave forming a rising wedge pattern which usually indicates weakness in the bullish trend the chart highlights a possible reversal zone where the price has started dropping leaving a visible gap toward the lower support area this setup suggests that the market may attempt to fill the big gap as part of a corrective phase traders should watch the support region closely since a clear break below it could confirm the start of a deeper retracement while a strong rejection could lead to short term recovery before further downside continuation.

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#GBPUSD 🇬🇧🇺🇸 👨🏼‍💻 Update your trading plan and your mindset every single day! 📍 Here are 4 things that will always pay off in the long run: 👉🏻 Trust your plan, not your emotions. 👉🏻 Focus on today’s setup, not yesterday’s mistakes. 👉🏻 Follow the process, not the outcome. 👉🏻 Improve your discipline, not just your strategy.

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EURGBP is respecting a well defined ascending support line, showing that buyers continue to defend higher lows despite recent corrective pressure. After forming a symmetrical triangle between wave W and wave X the pair broke to the upside, completing wave Y and creating a three-wave corrective structure labeled A B and C. Price has now tapped the ascending support at point C indicating the correction may be complete and suggesting the potential beginning of a fresh bullish impulse. As long as this support trendline holds the market structure favors an upward continuation, with buyers likely aiming for a retest of previous highs.

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The Dollar Index on the 4H timeframe is moving within a clear ascending channel structure showing a strong bullish momentum after breaking above a key resistance zone that now acts as support. The recent breakout confirms the continuation of the uptrend suggesting that buyers are in control and aiming for a higher swing within the channel. Each corrective wave has been followed by a strong impulsive leg maintaining market structure and validating the channel’s reliability. As long as price holds above the breakout zone the bullish outlook remains valid with potential for further upside movement toward the upper boundary of the channel completing the fifth wave of the sequence.

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