Hi traders from around the world!
As we can see, AUDNZD is showing a long term buying opportunity. First of all, we've held the 0.236 Fibonacci level and we're currently sitting at a great demand zone. The volume right now isn't really high, but I think that this MACD divergence has a great chance of playing out if the RSI manages to break through that trendline.
As targets I've the 1.049, 1.0643, 1.08 and 1.094 as the final take profit level.
This is a long term trade setup, take good risk management and money will start printing!
Made by Iker, 15yo trader.
Best trading!
As we can see, AUDNZD is showing a long term buying opportunity. First of all, we've held the 0.236 Fibonacci level and we're currently sitting at a great demand zone. The volume right now isn't really high, but I think that this MACD divergence has a great chance of playing out if the RSI manages to break through that trendline.
As targets I've the 1.049, 1.0643, 1.08 and 1.094 as the final take profit level.
This is a long term trade setup, take good risk management and money will start printing!
Made by Iker, 15yo trader.
Best trading!