Priceline of New Zealand Dollar / US Dollar Forex trading pair has formed a bullish Shark and entered in potential reversal zone to hit the sell target zone soon insha Allah.
Price action is hitting the support of bollinger bands.
Volume profile of complete pattern is showing less interest of traders at this area.
Stochastic is oversold.
But MACD is turned weak bearish from strong bearish and Stochastic did not give any bull cross sofar therefore I would suggest to wait for MACD to turn weak bearish or for bull cross from Stochastic then buy.
I have used Fibonacci sequence to set the targets:
Buy between: 0.63480 to 0.60336
Sell between: 0.66230 to 0.72463
Regards,
Atif Akbar (moon333)
Price action is hitting the support of bollinger bands.
Volume profile of complete pattern is showing less interest of traders at this area.
Stochastic is oversold.
But MACD is turned weak bearish from strong bearish and Stochastic did not give any bull cross sofar therefore I would suggest to wait for MACD to turn weak bearish or for bull cross from Stochastic then buy.
I have used Fibonacci sequence to set the targets:
Buy between: 0.63480 to 0.60336
Sell between: 0.66230 to 0.72463
Regards,
Atif Akbar (moon333)
