NZD/USD - Bearish Shark + Bullish 5-0 + CONFLUENCE + DOUBLE PLAY

MAJOR CONFLUENCE HERE TRADERS!

I am super excited about this set up!

Today, we have a bearish shark and a bullish 5-0 on the 4H chart with NZD/USD.

Sharks and 5-0s compliment each other, given the similar Fibonacci measurements.

The bearish shark is already completed and running in profit. We can look to sell this one down to the 50% retracement to about the 0.6900 level.

That will then complete the D point on the bullish 5-0. We can close out our short position and open a buy order.

REMEMBER: Set your STOP LOSS accordingly. DO NOT risk more than 1-2% of your account.

Set up like this are HUGE on growing your account and profiting on both ends.

Risk/Reward Ratio - 1:4

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

Risk/Reward Ratio - 1:3.55

The measurements for a valid 5-0 pattern are detailed below.
B: 1.13 - 1.618
C: 1.618 - 2.24
D: 0.50