Lingrid | AUDUSD support Level Bounce Trade

769
The price perfectly fulfilled my previous idea. AUDUSD formed a higher low above the rising trendline near 0.6418, signaling potential bullish continuation. A break above 0.6440 could confirm upward momentum, targeting the previous supply zone around 0.6482. Structure holds as long as price remains above the support level. Buyers may accumulate near the trendline to catch the next leg up.

📈 Key Levels
  • Buy zone: 0.6418–0.6430
  • Buy trigger: breakout above 0.6440
  • Target: 0.6482
  • Sell trigger: breakdown below 0.6418

💡 Risks
  • Rejection at descending blue trendline
  • Failure to sustain higher low could trap buyers
  • Bearish pressure increases if 0.6418 fails to hold

Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad 👩‍💻

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