Hello TradingView Family / Fellow Traders. This is Richard, as known as theSignalyst.
AUDCAD is overall bearish trading inside the orange channel so we will be looking for trend-following sell setups.
Moreover, the blue zone is a support turned resistance and a supply zone.
This highlighted purple circle is a strong area to look for sell setups as it is the intersection of the blue resistance and upper orange and green trendlines. (acting as non-horizontal resistance)
As per my trading style:
As AUDCAD approaches the purple circle, I will be looking for bearish reversal setups (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