GBP/AUD - Bullish 5-0

OANDA:GBPAUD   英鎊 / 澳幣
Here we have another 5-0 pattern but this time on the 4h timeframe with GBP/AUD .

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

Price formed the C point at 2.0 and has started the decline towards D, keep an eye on this setup over the next couple of weeks.

I hope you all have a great day :)
評論: Missed my entry on this pair, reversal was bang on the 50% retracement level.

I'll be looking to enter this move going into a new week.
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This pair gave us a second chance! Missed the first entry, but jumped in yesterday and it's already up 95 pips! Thanks again, as always :-)
Thanks for this technical analysis. I will have to look up what a "5-0" pattern is. Never heard about that one in 13 years of trading. Haha. Guess I never needed it.
#outsidetheboxhk on Instagram. Hope to learn more from you in the months to come. Have a look at my Instagram and MyFxBook portfolio too.
LewisGlasgow OutsideTheBoxHK
@OutsideTheBoxHK, you're welcome! It's a type of harmonic pattern, it is relatively new to most investors. I'll be sure to check it out, speak with you soon!
This is mine.

LewisGlasgow MongkolchaiPetruecha
@MongkolchaiPetruecha, great analysis! Looks good
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