EUR/AUD Bullish Channel Trade Setup –Demand Zone Bounce Strategy

Wait 5 sec.

EUR/AUD Bullish Channel Trade Setup –Demand Zone Bounce StrategyEUR/AUDOANDA:EURAUDJameshead007πŸ“‰ 1. Downtrend Ends πŸ”½ Price was falling earlier (left side of chart) πŸ”„ Then it reversed at the bottom of the channel (yellow dot) ➑️ Trend Change Begins πŸ“ˆ 2. Uptrend Channel Forms πŸ“Š Channel consists of: πŸ”΅ Resistance Line (upper blue) 🟒 Support Line (lower blue) πŸ” Price is bouncing between these two lines like a pinball: πŸ”΅ Resistance Line | πŸ”Ό 🟒 Support Line πŸ’  3. Key Trading Zone πŸ”· DEMAND ZONE: (Bright blue box) 🟦 Between 1.74697 and 1.75349 πŸ‘‰ Buyer interest expected here 🎯 4. Trade Setup (Bullish Idea) 🟒 Entry Point: πŸ“ 1.75349 ✨ Near support zone and channel bottom πŸ”» Stop Loss: 🚫 1.74710 πŸ“‰ Below the demand zone, protects from downside 🎯 Target Point: 🎯 1.77800 πŸ“ˆ Near the resistance line at the top of the channel πŸ“Š Strategy Flow (Emoji Dots Path) πŸ“‰ πŸ”½ πŸ”½ πŸ”½ 🟑 Bottom found ⬆️ πŸ”Ό πŸ”Ό πŸ”Ό πŸ“ˆ Enters channel 🟦 Price enters DEMAND ZONE πŸ”½ πŸ”΅ Entry: 1.75349 πŸ”Ό 🎯 Target: 1.77800 βœ… Final Thoughts This is a clean bullish setup within a rising channel βœ… Wait for price action confirmation (like a bullish candle πŸ•―οΈ) in the demand zone πŸ”’ Protect with your stop loss πŸš€ Potential reward is strong if it bounces up