NZD/USD - Bearish Shark + Bullish 5-0 + CONFLUENCE + DOUBLE PLAY
MAJOR CONFLUENCE HERE TRADERS!
I am super excited about this set up!
Today, we have a bearish shark and a bullish 5-0 on the 4H chart with NZD/USD.
Sharks and 5-0s compliment each other, given the similar Fibonacci measurements.
The bearish shark is already completed and running in profit. We can look to sell this one down to the 50% retracement to about the 0.6900 level.
That will then complete the D point on the bullish 5-0. We can close out our short position and open a buy order.
REMEMBER: Set your STOP LOSS accordingly. DO NOT risk more than 1-2% of your account.
Set up like this are HUGE on growing your account and profiting on both ends.
Risk/Reward Ratio - 1:4
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
Risk/Reward Ratio - 1:3.55
The measurements for a valid 5-0 pattern are detailed below.
B: 1.13 - 1.618
C: 1.618 - 2.24
D: 0.50
I am super excited about this set up!
Today, we have a bearish shark and a bullish 5-0 on the 4H chart with NZD/USD.
Sharks and 5-0s compliment each other, given the similar Fibonacci measurements.
The bearish shark is already completed and running in profit. We can look to sell this one down to the 50% retracement to about the 0.6900 level.
That will then complete the D point on the bullish 5-0. We can close out our short position and open a buy order.
REMEMBER: Set your STOP LOSS accordingly. DO NOT risk more than 1-2% of your account.
Set up like this are HUGE on growing your account and profiting on both ends.
Risk/Reward Ratio - 1:4
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
Risk/Reward Ratio - 1:3.55
The measurements for a valid 5-0 pattern are detailed below.
B: 1.13 - 1.618
C: 1.618 - 2.24
D: 0.50
منشورات ذات صلة
إخلاء المسؤولية
لا يُقصد بالمعلومات والمنشورات أن تكون، أو تشكل، أي نصيحة مالية أو استثمارية أو تجارية أو أنواع أخرى من النصائح أو التوصيات المقدمة أو المعتمدة من TradingView. اقرأ المزيد في شروط الاستخدام.