AUDUSD – Inverted Ascending Triangle in Uptrend Channel!
AUDUSD is trading within a well-defined uptrend channel on the 30-minute chart.
Price has formed an inverted ascending triangle pattern near channel resistance.
This pattern suggests potential weakness despite the broader uptrend.
Support is being tested along the triangle’s lower boundary.
A clean breakdown below this level could signal a bearish move.
Structure shifts (CHoCH, BOS) align with selling pressure building.
Plan:
1.Watch for confirmed breakdown below triangle support.
2.Short entries favored if price closes below the pattern.
3.Manage risk carefully with stops above recent highs.
Bias:
1.Bearish on breakdown toward channel midline or lower support.
2.Bullish invalidation only on strong reclaim of upper resistance.
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Price has formed an inverted ascending triangle pattern near channel resistance.
This pattern suggests potential weakness despite the broader uptrend.
Support is being tested along the triangle’s lower boundary.
A clean breakdown below this level could signal a bearish move.
Structure shifts (CHoCH, BOS) align with selling pressure building.
Plan:
1.Watch for confirmed breakdown below triangle support.
2.Short entries favored if price closes below the pattern.
3.Manage risk carefully with stops above recent highs.
Bias:
1.Bearish on breakdown toward channel midline or lower support.
2.Bullish invalidation only on strong reclaim of upper resistance.
Like, comment, share, and follow for more trade ideas.
Trade closed: target reached
AUDUSD TARGET REACHAED✅ Target fully reached on AUDUSD.
📈 Trade delivered 85 pips in profits as planned.
Excellent execution for everyone following the setup.
Congrats to all who held the position and managed risk well.
Like, comment, share & follow for more trade updates and ideas.
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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.
Related publications
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.