EURAUD - Buy & Sell Scenarios

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EURAUD - Buy & Sell ScenariosEUR/AUDOANDA:EURAUDNato_FinancialsOn the H4 chart, EURAUD is in a clear corrective phase after a strong impulsive rally to 1.6846. We see a series of Lower Highs (LH) and Lower Lows (LL) since mid-April, indicating bearish structure on this timeframe. However, price has reached a significant Fibonacci 0% retracement level (1.6111) and the green demand area, where multiple reversal areas above also suggest buyers are stepping in on dips. Specially the most volume is being traded at the current levels (we also have RSI divergence on Daily chart) which could trigger a Buying trend. Higher timeframes (Daily/Weekly) show the pair in a broader downtrend from the 1.68+ highs, but we are now testing major support. Order flow currently shows mild bullish bias on lower timeframes due to the deep retracement and proximity to liquidity below. Overall Bias: Mildly Bullish (with caution - ranging/neutral on higher TF) 2. Highest Probability Setup: Long (Counter-trend / Mean Reversion at Demand Zone) 3. Key Levels: Support: 1.6111 – 1.6200 (Major Fib 0% + Demand Zone) Resistance: 1.6392 (0.382 Fib) → 1.6479 (0.5 Fib) → 1.6566 (0.618 Fib) Entry: 1.6220 – 1.6270 (on reaction/bounce from green demand zone + current price area) SL: 1.6170 – 1.6185 (below 0% Fib / swing low, ~50-80 pips risk) TP1: 1.6392 (0.382 Fib) TP2: 1.6479 (0.5 Fib) TP3: 1.6566 – 1.6580 (0.618 Fib + previous structure) 4. Expected RR: 1:2.8 – 1:3.5 5. Win Probability: 58-65% (Moderate-high confluence in mean-reversion setup)