AUDUSD Buy Setup | Discount Zone Reaction + Trendline Break

200
Bias: Bullish
Timeframe: 15M
Pair: AUDUSD

Market Structure & Context

AUDUSD has completed a corrective move within a descending channel after a strong impulsive rally. Price has now reached a higher-timeframe discount zone, aligning with a rising trendline support, where we see clear signs of seller exhaustion.

Downside liquidity has been swept below recent equal lows, followed by strong bullish displacement, indicating potential smart money re-entry from discount.

Technical Confluence
Price reacting from HTF discount zone
Liquidity sweep below equal lows
Descending channel break attempt
Bullish structure shift on lower timeframe
Mean reversion setup targeting equilibrium & premium

Trade Plan
Entry:
Buy on confirmation above 0.66936
Stop Loss:
Below demand & trendline at 0.66728
Targets:
TP1: 0.6725 (Equilibrium)
TP2: 0.6742 (Mid supply)
TP3: 0.6765 (Premium zone / HTF resistance)

Risk–Reward
Approx 1:3.5 – 1:5 RR
Invalidation
Strong close below 0.66728 invalidates bullish bias

Notes

Patience is key. Best entries occur after structure confirmation, not blind buying. This setup favors New York session expansion if DXY weakens.

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