Hello traders, here we have EUR/NZD with a bearish shark pattern on the 4h chart.
This is an excellent shorting opportunity with over 1:4 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
This pattern could potentially turn into a 5-0 in the near future, after a successful short (chart is shown below).
Feel free to connect with me on social media :)
This is an excellent shorting opportunity with over 1:4 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
This pattern could potentially turn into a 5-0 in the near future, after a successful short (chart is shown below).
Feel free to connect with me on social media :)
📈 Master the Art and Science of Trading: www.sixfigurecapital.com
