TradingView
trader0618
May 9, 2017 8:59 AM

AUDCAD Bullish Shark H4 Long

Australian Dollar/Canadian DollarFXCM

Description

On the AUDCAD H4 chart we can see a potential Bullish Shark forming with a precise PRZ convergence of 0.886 and 1.618 ratios.

The PRZ is located between 0.9980 - 0.9972 (very tight area).

First TP is placed at the 38.2% of the CD leg which is 1.0115 (143 pips from PRZ).
Second TP is placed at the 61.8% of the CD leg which is 1.0200 (230 pips from PRZ).

Stop Loss would be placed below X point of the structure.

Best trades!
More