EURAUD: Potential Flipzone Setup

We have a potential FlipZone setup in the making. A concept exclusive to FX Price Action Setups. We need a consolidation below the liquidity (red) and then a strong impulsive move back through the level (important this move must start BELOW the level for it to be valid. A retrace to the level is the entry point. Target will be 1.63 liquidity.
flipzoneliquidityWave Analysis

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