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.
Comment:
Price is now approaching the potential reversal zone, it looks good to go long this week!
Comment:
Major rejection on the support level (chart shown below). This provides additional confirmation to go long.
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