TradingView
RaynLim
Nov 26, 2023 11:27 AM

Leveraging Multi-Timeframe Bearish Shark Patterns Short

New Zealand Dollar/Japanese YenFXCM

Description

I've identified an intriguing counter-trend setup on NZDJPY, which showcases alignment across the Weekly, 4-hourly, and 1-hourly charts, all converging around the same entry point featuring Bearish Shark Patterns.

A notable aspect is the different starting points of the Shark Patterns across these timeframes, culminating in an intriguing entry zone. This convergence offers an opportunity with potentially lower risk and higher return probabilities.

For a comprehensive view, check out the weekly chart within TradingView and explore related ideas.

What are your thoughts or trade plans on NZDJPY?

Feel free to share your insights or potential strategies below!
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