AUDUSD: Rising Channel Support Bounce - Long SetupAustralian Dollar/US DollarFX:AUDUSDByteSignalsPair: AUDUSD (4H Chart) Setup: Rising Channel + Support Test BULLISH CHANNEL BOUNCE Price is trading within a clean rising channel and has recently tested the lower support trendline around 0.6620. Now bouncing back toward upper channel resistance—classic buy opportunity. Trade Plan: Entry: 0.6700-0.6710 (current zone) Stop Loss: 0.6600 (below channel support) Take Profit: 0.6780 (upper channel resistance) Risk/Reward: 1:0.7 Better Entry Option: Entry: 0.6620-0.6640 (on any pullback to support) Stop Loss: 0.6580 Take Profit: 0.6780 Risk/Reward: 1:3+ Technical Confluence: ✓ Respected rising channel structure ✓ Multiple successful bounces from support trendline ✓ Higher highs and higher lows intact ✓ RSI showing bullish reversal Key Levels: Channel Resistance: 0.6780 Current Price: 0.6705 Channel Support: 0.6620 Invalidation: Below 0.6600 Strategy: Enter at current levels for conservative play, or wait for any dip to 0.6620-0.6640 for better risk/reward. Target the upper channel resistance at 0.6780. Consider partial profits at 0.6750 and trail the rest. ⚠️ Invalidation: Close below 0.6600 breaks the channel. #AUDUSD #ForexTrading #RisingChannel #BuySetup 📝 Disclaimer: This is not financial advice. Trading forex involves substantial risk. Always conduct your own research and trade responsibly.