Priceline of Australian Dollar / US Dollar forex trading pair has formed a bullish Shark pattern and entered in potential reversal zone to hit the sell targets soon insha Allah.
RSI is oversold.
This PRZ area can be used as stop loss, in case of complete candle stick closes below this area.
Stochastic is oversold.
Price action is hitting the support of bollinger bands.
MACD is turned weak bearish from strong bearish.
Volume profile of complete pattern is showing less interest of traders at this area.
but Stochastic did not give bull cross sofar therefore I would suggest for secure entry in trade we can wait for stochastic bull cross then buy.
I have used Fibonacci sequence to set the targets:
Buy between: 0.69750 to 0.66533
Sell between: 0.72446 to 0.78699
Regards,
Atif Akbar (moon333)
RSI is oversold.
This PRZ area can be used as stop loss, in case of complete candle stick closes below this area.
Stochastic is oversold.
Price action is hitting the support of bollinger bands.
MACD is turned weak bearish from strong bearish.
Volume profile of complete pattern is showing less interest of traders at this area.
but Stochastic did not give bull cross sofar therefore I would suggest for secure entry in trade we can wait for stochastic bull cross then buy.
I have used Fibonacci sequence to set the targets:
Buy between: 0.69750 to 0.66533
Sell between: 0.72446 to 0.78699
Regards,
Atif Akbar (moon333)
