Hello TradingView Family / Fellow Traders,
📈 AUDUSD has been overall bullish, trading inside the rising channel in blue and it is currently approaching the lower blue trendline.
Moreover, the zone 0.665 is a robust support zone.
🎯 Therefore, the highlighted blue circle represents a significant area to consider for potential buy setups, as it marks the intersection of the green support and lower blue trendline acting as a non-horizontal support.
📚 As per my trading style:
As AUDUSD approaches the blue circle zone, I will be actively searching for bullish reversal setups to capture the next bullish impulse movement.
📚 Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Richard Nasr
📈 AUDUSD has been overall bullish, trading inside the rising channel in blue and it is currently approaching the lower blue trendline.
Moreover, the zone 0.665 is a robust support zone.
🎯 Therefore, the highlighted blue circle represents a significant area to consider for potential buy setups, as it marks the intersection of the green support and lower blue trendline acting as a non-horizontal support.
📚 As per my trading style:
As AUDUSD approaches the blue circle zone, I will be actively searching for bullish reversal setups to capture the next bullish impulse movement.
📚 Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Richard Nasr