Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst.
AUDNZD is overall bearish trading inside the falling channel in red.
Moreover, the zone 1.08 is a resistance zone .
🏹 So the highlighted purple circle is a strong area to look for sell setups as it is the intersection of the green resistance and upper red trendline.
As per my trading style:
As AUDNZD approaches the purple circle zone, I will be looking for bearish reversal setups (like a double top 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