EURAUD — Bearish Continuation After CHoCH: Targeting the Weak Lo

EURAUD has been printing a sustained bearish structure on all major timeframes. After sweeping buy-side liquidity above the prior swing high, price completed a Change of Character (CHoCH) on the 30M. The subsequent retracement into the premium order block aligns with the 0.236 Fibonacci level and the upper boundary of the descending channel — a high-probability distribution zone. Smart money is expected to use this retrace to offload positions and push price toward the inefficiencies and weak low sitting near 1.6110.


Entry (Sell Limit)1.6280 – 1.6302
Stop Loss 1.6325
Take Profit 1 (TP1) 1.6225
Take Profit 2 (TP2) 1.6165
Take Profit 3 (TP3) 1.6110

Here's my Confluence checklist for this trade

CHoCH confirmed on 30M — structure shifted bearish after sweep of sell-side

Price tapped Premium OB / Order Block at the 0.236 FIB retracement (~1.6280)

Descending channel confluence — price reacting from upper trendline resistance

Higher timeframe (1H/4H) structure remains bearish with multiple BOS to the downside
COG / FVG below current price acting as a magnet toward 1.6110 weak low

Invalidation: Clean break and close above 1.6320 flips bias to neutral/bullish

Trade Safe!