Hello TradingView Family / Fellow Traders. This is Richard, as known as theSignalyst.
AUDCHF is overall bearish trading inside the brown trendlines and now approaching the lower brown trendline.
Moreover, the green area 0.6670 - 0.6700 is a resistance turned into support.
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 brown trendline. (acting as non-horizontal support)
As per my trading style: As AUDCHF approaches the purple circle, 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
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