The market structure remains bullish, characterized by a series of higher highs (HH) and higher lows (HL). We are currently looking for a pullback to the “Golden Zone” confluence to initiate a buy entry
This technical setup on the 4-hour chart of the EURAUD pair identifies a trade (resistance turned support) corresponding to Fibonacci retracement levels to capture the continuation of the current uptrend.
Main setting parameters
Market context: The pair broke above the previous resistance level, confirming the structural shift. We now expect to retest this breakout zone, as previous resistance is expected to serve as new support.
Entry Zone: The green demand box is specifically located between the 0.382 (1.63934) and 0.5 (1.63551) Fibonacci levels. This area provides high potential support for a bounce.

Stop Loss (SL): Placed at 1.61930 (Fibonacci level 1.0). This provides a buffer zone below the recent High Low (HL) to avoid stops due to volatility.

Take Profit (TP): Located at 1.65897, targeting the recent structural rise.

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