Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst.
GBPAUD has been overall bullish trading inside the rising channel in blue, and it is currently approaching the lower trendline.
Moreover, the 1.94 is a strong support zone.
🏹 So the highlighted purple circle is a strong area to look for buy setups as it is the intersection of the green support and lower blue trendline.
As per my trading style:
As GBPAUD is sitting 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
GBPAUD has been overall bullish trading inside the rising channel in blue, and it is currently approaching the lower trendline.
Moreover, the 1.94 is a strong support zone.
🏹 So the highlighted purple circle is a strong area to look for buy setups as it is the intersection of the green support and lower blue trendline.
As per my trading style:
As GBPAUD is sitting 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