AUDUSD Range Trading Setup – High R:R OpportunityAUD/USDOANDA:AUDUSDMihai_IacobAbout one month ago, AUDUSD reached the 0.72 zone, where it tested a major resistance level formed by the 2022 and 2023 highs. As expected, that area acted as a strong ceiling, and the pair began to roll over, eventually printing a local low around 0.6835. Since then, price has started to recover, with bulls managing to push the pair back above the 0.70 milestone. 📊 Market Context Despite this recent bounce, I do not see the conditions for a sustained bullish trend. Instead, the price action suggests a range-bound environment, where: - The upside is capped by 0.72 resistance - The downside remains supported near the 0.68 and 0.67 zone (main support) This type of structure typically favors mean-reversion trades, rather than trend-following setups. 📉 Trading Perspective With this in mind, a move back toward the 0.72 resistance zone becomes particularly interesting. - That area could offer a high-probability short opportunity - Especially if price shows signs of rejection From a risk management perspective: Entry: Near 0.72 resistance Target: Around 0.67 This setup provides a risk-to-reward ratio of over 1:4, fitting well within a disciplined trading plan 🚀 Final Thoughts At this stage, AUDUSD looks less like a trending market and more like a structured range. In such conditions, patience is key: - We wait for price to reach extremes - And act only when the market gives us a clear edge