EURAUD – structure breathes in waves.

4 days ago

Price retraces toward a clean order block within a discount zone after a strong impulsive leg. Correction is forming a precise ABC pattern, likely to complete near 1.767 before the next wave resumes toward 1.835.

Strengths:
Wave symmetry, confluence with order block, and IDM liquidity structure all align. Setup maintains bullish context from higher timeframe while defining risk clearly below C.

Weaknesses:
Momentum confirmation pending; daily RSI could signal exhaustion if recovery stalls. EUR fundamentals remain sensitive to data shocks that can distort technical structure.

SmellyTaz — decoding chaos.

4 days ago

Trade active

The clean play is for price to respect B and push toward the main target. A previous bearish sequence backs that view, but a fresh ABC pattern has formed whose C leg would sweep B. I track the newest patterns—they reveal the market’s real intent. Even in manipulation, I still expect the dominant ABC to reach its target.

SmellyTaz — decoding chaos

3 days ago

Note

Strong Bearish Head & Shoulder pattern forming.
Price is testing the neckline zone after right-shoulder completion — expect possible inducement sweeps before any confirmed move.

Always wait for a clear Market Structure Shift (MSS) with strong displacement to confirm entry.
Never use limit orders in this setup; inducement risk is high around IDM zones.

2 days ago

Note

I'll be closing partial @1.77493 (internal sequence completion).

If price corrects to new sequence WCL and breaks its C target again, I will move SL to breakeven and let it play out.