I'm back with another 5-0 pattern but this time on the 4h timeframe with GBP/USD.
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 is currently forming the C leg which will complete in between 1.618 and 2.24, it will more than likely complete at the 1.618 level as a bearish deep crab forms in the same price zone (chart is shown below).
Excellent trading opportunity with over 1:4 risk to reward.
I've got more analysis on the way, stay tuned!
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 is currently forming the C leg which will complete in between 1.618 and 2.24, it will more than likely complete at the 1.618 level as a bearish deep crab forms in the same price zone (chart is shown below).
Excellent trading opportunity with over 1:4 risk to reward.
I've got more analysis on the way, stay tuned!
📈 Master the Art and Science of Trading: sixfigurecapital.com
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📈 Master the Art and Science of Trading: sixfigurecapital.com
相關出版品
免責聲明
這些資訊和出版物並不意味著也不構成TradingView提供或認可的金融、投資、交易或其他類型的意見或建議。請在使用條款閱讀更多資訊。