EURAUD Short Setup (M15)

Price recently swept liquidity above the previous high and mitigated into a supply zone, aligning with the bearish order flow from higher timeframes. After the displacement to the downside, we now anticipate a retracement back into the supply area (POI) before continuation lower.

Market Structure:

Clear break of structure (BOS) to the downside after liquidity grab.

Lower highs forming, maintaining bearish order flow.

Supply Zone (POI):

Price is expected to retrace back into the refined M15 supply zone (highlighted in red).

This is the optimal entry area for a short, with stop loss just above the zone.

Liquidity:

Buy-side liquidity above the recent highs has been taken.

Sell-side liquidity resting below 1.78052 becomes the next target.

Targets:

First TP: 1.78052 (resting liquidity level).

Extended TP: Deeper demand zone around 1.77800.

Trade Idea:

Wait for price to retrace into supply.

Execute short entry within the POI.

Manage trade by scaling out at liquidity levels and holding partials for extended target.