AUDCAD Bullish Shark H4
On the AUDCAD H4 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 0.9980 - 0.9972 (very tight area).
First TP is placed at the 38.2% of the CD leg which is 1.0115 (143 pips from PRZ).
Second TP is placed at the 61.8% of the CD leg which is 1.0200 (230 pips from PRZ).
Stop Loss would be placed below X point of the structure.
Best trades!
The PRZ is located between 0.9980 - 0.9972 (very tight area).
First TP is placed at the 38.2% of the CD leg which is 1.0115 (143 pips from PRZ).
Second TP is placed at the 61.8% of the CD leg which is 1.0200 (230 pips from PRZ).
Stop Loss would be placed below X point of the structure.
Best trades!
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.