EURAUD buys

I'm watching EURAUD closely.

The recent bullish displacement changed the short-term structure.

Now I'm waiting for price to give me the retracement.

If 1.62305 holds as demand, I'll look for the continuation toward 1.63243.

EURAUD BUY SETUP

Entry: 1.62305

Stop Loss: 1.62116

Take Profit: 1.63243

Approximately 19 pips of risk for roughly 94 pips of potential reward.

That's close to 5R.

The setup is only valid while my invalidation level holds.

I like the location on EURAUD.

Price has already shown bullish intent through the recent displacement and BOS.

Instead of buying at the highs, I'm waiting for price to come back into the demand zone.

1.62305 is my level.

EURAUD doesn't need to retrace for me.

But if it does return to 1.62305, that's where I want to participate.

The target is the upper liquidity around 1.63243.

The risk is defined below 1.62116.

That's the entire trade idea.

EURAUD trade map:

Bullish BOS ✅

Displacement ✅

Demand zone identified ✅

Retracement entry: 1.62305

Invalidation: 1.62116

Target: 1.63243

I'm waiting for price to come to me.

The main thing I'm avoiding on this EURAUD setup is FOMO.

Price is already trading above my planned entry.

I don't need to chase the candle.

I'll wait for the retracement into 1.62305.

If I get filled, the target is 1.63243 with 1.62116 as invalidation.

EURAUD bullish setup.

Price has displaced higher and broken structure on the 30M.

I'm not interested in chasing the current move.

I'm waiting for the retracement into the demand area.

Entry: 1.62305

SL: 1.62116

TP: 1.63243

EURAUD bullish setup.

Price has displaced higher and broken structure on the 30M.

I'm not interested in chasing the current move.

I'm waiting for the retracement into the demand area.

Entry: 1.62305

SL: 1.62116

TP: 1.63243

EURAUD bullish setup.

Price has displaced higher and broken structure on the 30M.

I'm not interested in chasing the current move.

I'm waiting for the retracement into the demand area.

Entry: 1.62305

SL: 1.62116

TP: 1.63243

Euraud at 1:3RR now and still going,but I will close by the end of the week

Price is not coming back to that level anytime soon, but let's see how NY session plays out

Let's see how price will play out