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lyl89
May 23, 2017 7:53 AM

NZDUSD - Bearish Shark Pattern Completed on H4 Chart Short

New Zealand Dollar/U.S. DollarFXCM

Description

Shark pattern has just completed.
RSI at overbought level.
Great R:R at 2.8 (TP1) and 5 (TP2).

Traders may choose entry point to short using H1 timeframe.

Comment

Looks like a retest of PRZ.
Zooming in to the 30minute chart, a bearish shark pattern has completed and is reacting now.

Comment

TP1 hit for 30min shark pattern.

Comment

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