There are some amazing setups forming on the charts, here we have NZD/CHF on the 4h chart with a potential bullish shark pattern (two potential reversal points). Excellent opportunity with over 1:3 risk to reward!
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
I'll be looking for extra confirmation once we approach the bottom trendline.
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
I'll be looking for extra confirmation once we approach the bottom trendline.
Note
Price is now approaching the potential reversal zone, it looks good to go long this week!Note
Major rejection on the support level (chart shown below). This provides additional confirmation to go long.
📈 Master the Art and Science of Trading: sixfigurecapital.com
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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.