USDAUD Trade Setup – 1H Time FrameThe pair has been respecting a descending channel and is now showing clear signs of a bullish reversal from a key demand zone at 1.5520.
Entry: 1.5520 (Demand Zone Bounce)
Technical Targets:
1st Target: #1.5670
2nd Target: #1.5750
3rd Target: #1.5770
4th Target: #1.5820
5th Target: #1.5880
Structure: Channel breakout anticipated
Bias: Bullish from demand
Confirmation: Reversal candlestick pattern + RSI divergence
Stay disciplined. Manage your risk.
#USDAUD #ForexSetup #TechnicalAnalysis #PriceAction #FXTrading
Trade active
Note
1st target hit
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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.