AUDUSD has tapped into a strong demand zone aligned perfectly with a long-term ascending trendline, showing signs of potential bullish reversal. Price swept the previous intraday liquidity and reacted strongly, indicating buyers are stepping in.
This confluence makes this area a high-probability long setup.
Description
Price dropped into a well-defined demand zone around 0.66720–0.66650, which overlaps with the ascending trendline support drawn from previous higher lows. The sweep of liquidity below the zone suggests a fakeout and accumulation, increasing the probability of a bullish move.
If price maintains above the zone and starts forming bullish structure, we can expect a continuation towards the previous swing highs.
📝 Trade Plan (Suggestive)
Entry: 0.66798 (within demand zone)
Stop Loss: Below zone at 0.662
Take Profit 1: 0.67100 (previous structure high)
Take Profit 2: 0.67320 (premium zone)
Risk–Reward: ~1:2
🔍 Reasons to Take This Trade
✔ Demand Zone Reaction
✔ Trendline Confluence
✔ Liquidity Sweep Below Zone
✔ Strong Wick Rejection Showing Buyers
✔ Price in Discount (Buy-side value area)
Disclaimer: for educational purpose
This confluence makes this area a high-probability long setup.
Description
Price dropped into a well-defined demand zone around 0.66720–0.66650, which overlaps with the ascending trendline support drawn from previous higher lows. The sweep of liquidity below the zone suggests a fakeout and accumulation, increasing the probability of a bullish move.
If price maintains above the zone and starts forming bullish structure, we can expect a continuation towards the previous swing highs.
📝 Trade Plan (Suggestive)
Entry: 0.66798 (within demand zone)
Stop Loss: Below zone at 0.662
Take Profit 1: 0.67100 (previous structure high)
Take Profit 2: 0.67320 (premium zone)
Risk–Reward: ~1:2
🔍 Reasons to Take This Trade
✔ Demand Zone Reaction
✔ Trendline Confluence
✔ Liquidity Sweep Below Zone
✔ Strong Wick Rejection Showing Buyers
✔ Price in Discount (Buy-side value area)
Disclaimer: for educational purpose
Trade active
tp got hit exited.
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.