Trade Setup: Bullish Wedge Formation on EUR/AUDEUR/AUDOANDA:EURAUDszonair1265Observation: A bullish wedge pattern is developing on the 4-hour timeframe for EUR/AUD. This setup suggests a potential upward momentum if the price breaks above the key resistance level at 1.62750 Entry Trigger: I will look for a confirmedout and close above 1.62750 on the 4HTF to validate the bullish bias. Target: The primary target for this trade is 1.63800, aligned with the projected wedge breakout extension. Rationale: The wedge formation indicates a compression phase, and a breakout above 1.62750 could signal a continuation of the bullish trend. The target at 1.63800 is derived from the measured move of the wedge pattern.