06/24/2026
π
June 24, 2026
π **EURAUD Moves From the Watchlist to the Trade Board**
EURAUD has been sitting on our watchlist for several days, and yesterday the market finally gave us what we were waiting for.
The Daily chart closed with a strong bullish engulfing candle, and at the same time, Daily Momentum gave us **"the hook."**
That got my attention.
From a structural standpoint, we now have a completed **1-2-3 pullback at the start of the 4th leg of an existing uptrend**, which is one of my favorite setups to trade.
Remember, in VMS 2.0:
β
Structure comes first.
β
Momentum comes second.
β
Wait for the hook.
Volume is also extremely strong:
π Daily Volume: **89**
π 4-Hour Volume: **88**
With all of those pieces aligned, EURAUD has officially moved from the watchlist to the trade board.
The next step is simple:
Put the position tool on the chart.
First, calculate your stop loss using the swing low and **ATR x 1.5**.
Then ask yourself:
**"Where is price most likely to go next?"**
I use a combination of support and resistance zones along with Fibonacci retracement levels to establish logical profit targets.
Finally, evaluate the Risk/Reward ratio.
If the trade makes sense, take it.
If not, adjust the entry and let price come to you with a limit order.
One of the biggest mistakes traders make is chasing price.
I would much rather miss a trade than take a poor one.
Different market. Same process.
Patience before participation.