N61!
NZD Futures: Bearish Shark & Double Top w/ DivergenceI just entered right now at .0742 for the completed Shark pattern. Price seems to be stalling in this area and there is bearish divergence present on both the RSI and AO. The hourly AO just turned red as well for a little extra confluence.
I am only risking ~10 pips on this first try and targeting 0.6927 for a potential bullish 5-0 pattern. As per my strategy when I am up ~10 pips (equal to the risk) I will move to breakeven/cover costs and see what happens.
NZDUSD Bat CityI longed NZDUSD based on the Bullish Bat last night (the idea is linked below). I was looking for the completion of this large bearish bat but it appears a smaller one may form first. I will use this point to take profit on my NZD longs and switch to short with a stop of the red line @0.7245.
If price hits my stop loss for the small bearish bat I will look to short again at the completion of the larger bat @0.7309
