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trader0618
May 9, 2017 10:01 AM

NZDUSD Bullish Shark M30 Long

New Zealand Dollar/U.S. DollarFXCM

Description

Hi traders!

On the NZD/USD M30 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 0.6852 - 0.6851 (very tight area).

First TP is placed at the 38.2% of the CD leg which is 0.6887 (36 pips from PRZ).
Second TP is placed at the 61.8% of the CD leg which is 0.6909 (58 pips from PRZ).

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

Best trades!
Comments
patterntrader
Excellent trade setup. If this happens, then there is a chance of making some pips. Thank you for sharing. Keep posting.
trader0618
@patterntrader, Your welcome mate!
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