AUDUSD - Trading The Range 📦

26 sept 2023

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

AUDUSD has been overall bullish trading inside the rising wedge pattern in red, and it is currently approaching the lower bound of the wedge.

Moreover, the zone 0.638 is a strong support.

🏹 So the highlighted orange circle is a strong area to look for buy setups as it is the intersection of the blue support and lower red trendline acting as a non-horizontal support.

As per my trading style:
As AUDUSD approaches the lower red circle zone, I will be looking for bullish reversal setups (like a double bottom 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