AUDNZD Has some very strong bulls backing this symbol up right now. Over the last 10 days, the price broke straight through two zones of resistance.
During the first resistance we've seen a small hiccup in its uptrend, and we are witnessing something similar on the second resistance. However, the price did break through already and is simply accumulating for a second pump.
The RSI shows that the momentum was incredibly strong, reaching levels of around 85. These levels are very rare and absolutely unsustainable. I am happy to see the momentum cools off a little bit, such that it can prepare for another rally to yet another resistance level.
Based on the volume profile we can see that the upcoming area towards the next resistance has almost no traded volume. This could mean we can see another quick burst to reach this place, which is why you should make sure you enter the trade on time.
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-------------------------------------------------------------- Disclaimer! This post does not provide financial advice. It is for educational purposes only!
Trade closed: target reached
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What a beautiful trade!
Congrats everyone who participated in this trade with me :)