EUR/AUD – Doji Signal Suggests Bullish Reversal Potential

Wait 5 sec.

EUR/AUD – Doji Signal Suggests Bullish Reversal PotentialEuro vs Australian DollarTICKMILL:EURAUDSivaArjunEUR/AUD – Doji Signal Suggests Bullish Reversal Potential (65% Probability) (autosignalfx.com - visit and generate unlimited trading signals) A new BUY signal has been identified on EUR/AUD, driven by the appearance of a Doji candlestick pattern on the current timeframe. This setup carries a 65% historical backtest probability, indicating a moderately strong bullish continuation scenario within the prevailing trend. 🔍 Technical Analysis The Doji formation is a key sign of market indecision, often appearing after extended corrective moves. In bullish contexts—such as the current EUR/AUD structure—a Doji often acts as a reversal or continuation trigger, signaling a likely return of buyers. Key observations: Price has stabilized after a controlled pullback Doji indicates seller exhaustion and potential demand re-entry The pair continues to trade within a broader bullish trend structure Trend-following model signals confirm the upside bias This combination strengthens the case for upward continuation. 🌍 Market Context Fundamental conditions also support a bullish outlook: Eurozone economic sentiment remains resilient relative to AUD Interest rate differentials favor EUR in certain time horizons AUD softness continues due to commodity demand fluctuations and global risk dynamics Market sentiment shows increasing preference for EUR cross stability In short, the macro backdrop aligns with the technical signal, providing additional support for bullish positions. 📌 Key Technical Levels Immediate Resistance – 1.78703 Short-term barrier; clearing this opens the way for bullish momentum extension. Immediate Support – 1.77633 This level sits just below the Doji formation and provides structural protection for bulls. Major Resistance – 1.79950 A strong overhead level and the next meaningful upside target. Major Support – 1.76386 Critical structural floor; a break below would invalidate medium-term bullish bias. 🎯 Trade Setup (0.10 Lot Example) ParameterLevel Entry1.78168 Stop Loss (SL)1.77968 Take Profit (TP)1.78568 Risk$50 Potential Profit$100 Risk–Reward Ratio1 : 2 The setup offers a clean, tightly controlled bullish opportunity with favorable R:R. 🛡 Risk Management Guidance Keep risk disciplined and structured: Limit exposure to 1–2% of total account capital Add positions only on retests or additional confirmation candles Move SL to break-even once price clears 1.78703 Partial profit-taking can be considered before major resistance at 1.79950 Avoid entering close to high-impact EUR or AUD economic releases A Doji-based setup requires confirmation and disciplined management. 📌 Final Thoughts EUR/AUD is displaying a promising bullish continuation scenario, supported by a Doji reversal signal, trend alignment, and supportive macro conditions. A push above 1.78703 could activate stronger bullish momentum toward 1.79950, while strict SL discipline at 1.77968 helps maintain controlled risk. This setup fits well for traders seeking a structured, technically supported bullish entry within a trending environment.