AUD/USD - Bullish 5-0
Updated
Hello traders, it appears AUD/USD is now forming a 5-0 pattern on the 1h chart. This is a follow up from a successful short which is about to hit take profit (chart is shown below).
The measurements for a valid 5-0 pattern are detailed below.
B: 1.13 - 1.618
C: 1.618 - 2.24
D: 0.50
All round excellent opportunity with over 1:3 risk to reward.
I hope you all have a great week :)
The measurements for a valid 5-0 pattern are detailed below.
B: 1.13 - 1.618
C: 1.618 - 2.24
D: 0.50
All round excellent opportunity with over 1:3 risk to reward.
I hope you all have a great week :)
Trade active
Price has now reached the PRZ and I'm happy to go long, the risk is pretty minuscule considering my stop loss will be a maximum of 45 pips.This week I made 120+ pips shorting AUD/USD so this is a no-brainer for me.
Hopefully be able to take profit before market close tomorrow :)
📈 Master the Art and Science of Trading: sixfigurecapital.com
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