Sell the Rip? AUDUSD Retest Zone Alert

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Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst.

📈AUDUSD has been overall bearish, trading within the falling red channel and it is currently retesting the upper bound of the channel.

Moreover, it is rejecting a structure marked in blue.

📚 As per my trading style:
As #AUDUSD approaches the red circle zone, I will be looking for trend-following sell setups on lower timeframes. (like a double top 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!
~Rich

Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.

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