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!
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!