AUDUSD - How To Trade This Channel! 😍 📚

AUDUSD is in a really nice channel where price is respecting both the limits of the channel. We saw a nice bounce off the channel support and looks like we'll be heading towards the channel resistance very soon.

The basic rules of trading within a channel are the following:
- Buy on bounce off channel support
- Sell on rejection off channel resistance
- Stoploss outside of the channel
- Targets should be the outer limit of the channel

** For descending channels, the move down will always be bigger than the move up
** For ascending channels, the move up will always be bigger than the move down

Do your best to identify channels in your trading - easy trades!

Goodluck and as always trade safe!