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slim7
Jul 12, 2019 11:15 AM

GBPNZD risky counter trend buy setup H4 RR=2.7 Long

British Pound/New Zealand DollarFXCM

Description

We have a RSI divergence showing a weakening bearish trend , stochastic indicator shows that we are in oversold zone , price formed a bullish shark pattern (orange) at potential reversal zone ; the D point of bullish crab pattern in bigger movement (purple) . For a buy at 1.87727 , TP at 1.90812 and SL at 1.86595 you get a RR ratio of 2.7 .
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