AUDUSD - Potential Bullish Continuation Setup

is currently trading within a well-defined ascending channel, reflecting a strong bullish market structure. The price is approaching a key support zone, which aligns with the lower boundary of the channel.

If the price holds at this support and buyers step in, a bullish continuation toward the 0.63380 level is likely, making it a reasonable target for an upward move.

Trade Considerations:

Wait for confirmation of buying pressure before entering a position.
Monitor for invalidation if the price breaks below the demand zone and the channel boundary, as this would signal potential downside momentum.

This is not financial advice but rather how I approach support/resistance zones. Remember, always wait for confirmation, like a rejection candle or volume spike before jumping in.

Please boost this post, every like and comment drives me to bring you more ideas! I’d love to hear your perspective in the comments.

Best of luck , TrendDiva

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TrendDiva

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TrendDiva

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