AUDNZD - Trading The Wedge 🌙 Again

Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst.

As per my last AUDNZD analysis, we have been looking for sell setups around the green resistance zone.

AUDNZD traded lower and it is currently hovering around a robust demand zone.

Moreover, it is approaching the lower red trendline.

🏹 So the highlighted red circle is a strong area to look for buy setups as it is the intersection of the blue demand and red trendline acting as a non-horizontal support.

As per my trading style:
As AUDNZD approaches the red circle zone, 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