AUDUSD 🔍 Technical Overview:
The pair is trading within a well-defined ascending channel.
A potential bullish reversal is forming at the confluence of:
Channel support
Local structural support (highlighted in orange circle)
Bullish wick rejections and slowing downside momentum
📈 Trade Idea: BUY AUD/USD
Entry: Market buy or buy near 0.6450 – 0.6465
Stop-Loss: Below the swing low and channel support at 0.64160
Target 1: 0.65150
Target 2: 0.6566
Target 3: 0.66160
Risk-to-Reward: ~1:3 R:R ratio
Monitor price action near mid-channel resistance
🧠 “If the structure speaks to you, let it echo.” – Let the price action confirm your bias before committing fully.
Previous Sell Setup at the top of channel:
Psychology Always Matters:
Trade active
Note
TP1 hit; lock in some profit.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.