AUDUSD - Bullish Control Ahead!

[theSignalyst]

AUDUSD has been overall bullish trading within the rising channel marked in blue.

This week, AUDUSD has been retesting the lower bound of the channel.

Moreover, the green zone is a strong support.

Thus, the highlighted blue circle is a strong area to look for buy setups as it is the intersection of the lower blue trendline and green support.

As per my trading style:
As #AUDUSD approaches the blue circle zone, I will be looking for trend-following bullish reversal setups (like a double bottom pattern, trendline break , and so on...)

Always follow your trading plan regarding entry, risk management, and trade management.

Good luck!

All Strategies Are Good; If Managed Properly!
~Richard Nasr

[TradingPuzzles]

I am on the sell so far with targets down to the green zone I like your expectations:) Thank you for sharing

[Nahid10]

AUDUSD blue circle zone = solid confluence Lower trendline + green support lining up for bullish reversal setups.

[kelson10]

Nice plan Watching for double bottom / trendline break near the zone makes sense. Risk management key as always.