EURAUD: short setup from support at 1.61116EUR/AUDOANDA:EURAUDThe_Traders_HouseEURAUD Current facts on the chart: prolonged base (consolidation) price compression (squeeze) at-level close extreme bar close Expected conditions: volatility contraction on approach Objective risks: distant retestDo you see this setup differently? Let me know your thoughts in the comments. If this logic aligns with your trading plan, support the idea with a boost! Disclaimer: This publication is part of my public trading journal. The material is strictly for educational purposes, reflects my market perspective, and is not financial advice. Trading facts, not expectations.