AUD/NZD - Bearish Shark

Hello traders, it appears AUD/NZD is now completing a bearish shark pattern on the 4h chart. This is an excellent opportunity with a potential 200+ pip return!

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

I'm seeing signs of divergence, confirming the reversal at 1.07200.

To further validate this move I have been watching AUD/JPY for two months and it is now ready to sell (chart shown below).

I hope you all have a great week of trading :)

Commentaire:

Valid head and shoulders pattern on the 1h chart, price has broke the neckline... This is an excellent entry point to get into this move!