EUR/NZD - Bearish Shark (500+ Pips)
Hello traders, here we have EUR/NZD with a bearish shark pattern on the 4h chart.
This is an excellent shorting opportunity with over 1:3 risk to reward, don't miss out on this one!
The measurements for a valid shark are detailed below.
C: 1.13 - 1.618
D: 1.618 - 2.24
Final X to D: 0.886 - 1.13
The D point forms at a strong level of resistance, therefore it is unlikely this pattern will form at an X to D of 1.13.
This pattern could potentially turn into a 5-0 in the near future, after a successful short.
Feel free to connect with me below :)
This is an excellent shorting opportunity with over 1:3 risk to reward, don't miss out on this one!
The measurements for a valid shark are detailed below.
C: 1.13 - 1.618
D: 1.618 - 2.24
Final X to D: 0.886 - 1.13
The D point forms at a strong level of resistance, therefore it is unlikely this pattern will form at an X to D of 1.13.
This pattern could potentially turn into a 5-0 in the near future, after a successful short.
Feel free to connect with me below :)
📈 Master the Art and Science of Trading: sixfigurecapital.com
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
📈 Master the Art and Science of Trading: sixfigurecapital.com
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.