AUD/USD Trade Setup: Long from Key Support
AUD/USD is testing a major support zone around 0.632, where buyers could step in for a potential bounce. However, if support breaks, I might close early to avoid downside risk.
🔹 Trade Setup:
✅ Entry: Near 0.632 - 0.631 (Support Zone)
🎯 Profit Target (Blue Zone): 0.640 - 0.641
🛑 Stop-Loss (Yellow Zone): Below 0.631
🔹 Market Outlook:
📊 Bullish Bias (Conditional) – Price is at a historically strong support zone. A clear breakout above the downward trendline could push AUD/USD higher.
⚠️ Early Exit Plan – If price fails to hold 0.631, I’ll close the trade early and reassess.
Guide for Execution:
✅ No Martingale Strategy: Keeping position sizes equal for risk management.
✅ Monitor Breakout Behavior: If price shows weakness at support, I won’t hold unnecessarily.
Will this support hold and trigger a reversal, or is AUD/USD about to break lower? Let me know your thoughts! 👇
🔹 Trade Setup:
✅ Entry: Near 0.632 - 0.631 (Support Zone)
🎯 Profit Target (Blue Zone): 0.640 - 0.641
🛑 Stop-Loss (Yellow Zone): Below 0.631
🔹 Market Outlook:
📊 Bullish Bias (Conditional) – Price is at a historically strong support zone. A clear breakout above the downward trendline could push AUD/USD higher.
⚠️ Early Exit Plan – If price fails to hold 0.631, I’ll close the trade early and reassess.
Guide for Execution:
✅ No Martingale Strategy: Keeping position sizes equal for risk management.
✅ Monitor Breakout Behavior: If price shows weakness at support, I won’t hold unnecessarily.
Will this support hold and trigger a reversal, or is AUD/USD about to break lower? Let me know your thoughts! 👇
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.