LewisGlasgow
Short

EUR/NZD - Bearish Shark

OANDA:EURNZD   Euro / New Zealand Dollar
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).



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Lovely trade setup, thank you very much for sharing your idea. I have similar view on this pair
as well.

Reply
LewisGlasgow PRO jojofang0901
@jojofang0901, excellent analysis, thanks for sharing!
Reply
can i still enter
Reply
@murendi, yes.
Reply
Hi Lewis.

What about the good EUR- news that is, incoming tomorrow noon?
Reply
u sure? i shorted eurusd and only expect 200pips move
+1 Reply
@Calamity, we may see a move to the 0.382 retracement level, I'll analyse further if and when that happens.
Reply
Thanks Lewis. :)
Reply
LewisGlasgow PRO fender0strat
@fender0strat, you're welcome mate!
Reply
Lewis..Hi...do you think that actual price is good to enter short or better wait? Thanks
Reply
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