What a beautiful opportunity here on this channel on AUDUSD

After seeing confluence of both an upward channel and the hitting of a lower horizontal support zone, we can conclude that we have a perfect opportunity for a long position.

I am going to put the sell at a very conservative level just below the resistance zone to make this a very safe and straightforward trade.

Enjoy!

거래청산: 스탑 닿음:

We see an interesting result here, with an incredibly hard rejection of the support zone and upward channel.

In retrospect, you can also see a small descending triangle forming. It was a great idea to put the stop loss so tight, as volatility to either direction was very likely.