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!
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