SwingTradingIdea(AUDNZD)
Price formed an descending triangle on weekly time frame, which we find ourselves on the support line of the triangle, and price action seems interesting for a buy setup, if you zoom in 4H timeframe you can notice an ascending triangle, we can wait for a simple break and retest and go long, reward seems very juicy for this trade, risk : reward=1:7,also MACD is bullish on 1D timeframe and converging on Weekly, but achieving the profit target can take quite some time, so don't forget the swap fees and interest rates for this pair.
careful and stay profitable
careful and stay profitable
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