AUD/USD Trade Setup: Long from Key Support

AUD/USD is testing a major support zone around 0.632, where buyers could step in for a potential bounce. However, if support breaks, I might close early to avoid downside risk.

🔹 Trade Setup:
✅ Entry: Near 0.632 - 0.631 (Support Zone)
🎯 Profit Target (Blue Zone): 0.640 - 0.641
🛑 Stop-Loss (Yellow Zone): Below 0.631

🔹 Market Outlook:
📊 Bullish Bias (Conditional) – Price is at a historically strong support zone. A clear breakout above the downward trendline could push AUD/USD higher.
⚠️ Early Exit Plan – If price fails to hold 0.631, I’ll close the trade early and reassess.

Guide for Execution:
✅ No Martingale Strategy: Keeping position sizes equal for risk management.
✅ Monitor Breakout Behavior: If price shows weakness at support, I won’t hold unnecessarily.

Will this support hold and trigger a reversal, or is AUD/USD about to break lower? Let me know your thoughts! 👇