AUDUSD - Follow the Bulls!

9 Okt

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

📈AUDUSD has been overall bullish, trading inside the rising channel in green.

Moreover, it is approaching a massive demand zone in blue.

🏹 The highlighted blue circle is a strong area to look for buy setups as it is the intersection of the demand zone and lower green trendline acting as a non-horizontal support.

📚 As per my trading style:
As #AUDUSD is around the blue 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