Trade Ideas Position: CADJPY 5-0A type2 5-0 pattern setup as a countertrend trade. What's nice about this setup is that the bearish bat on the M15 happens within the zone which gives me a great opportunity for a second chance entry.
5-0 Pattern
USDJPY Taking advantage of 5-0 at 109 levelWe're planning to short the 2618 pattern, 5-0 pattern and our reversal strategy at 109 level.
A bearish signal is needed as always, targets are marked on the chart.
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Credit: FxFogy
Trade Ideas Position: CADJPY SharkA bullish shark pattern has completed, as well as the 5-0pattern. Right now I'm waiting for the check-back(retest of the support) for a Type2 shark entry.
Pending order has been set, while I'm off to enjoy my weekend.
Trade Ideas Position: USDJPY SharkA bullish shark setup for the trend reversal trade, personally I'm not key to that but rather waiting for a 5-0pattern to engage the short trade as I see JPY appreciate for the mid to long term.
Perfect 5-0 harmonic on DXY161% down then 161% up then 50% down, or AB=CD.
I expect a 4.50% fall, on the trendline, and then bounce back to 100.
Pseudo Meat - The Final SqueezePlease know this is speculative and not serious. Please do not trade beyond meat lol. I'm not responsible for your loses/emotional distress.
I was just bored looking at this sh*t show, when I noticed an interesting pattern that could play out. Bearish 5-0 Pattern (See link for rules).
**I removed all the fibonacci retracements to make the chart look clean**
The XA retracement falls in line with the 1.13-1.618 target range.
The AB retracement of 1.618 - 2.24 probably will just barely hit. We are being held up by the POC on a significant volume profile right now. If it held here, I wouldn't rule out the pattern.
Lastly, short squeeze to the 0.50 of BC @ 158.35 before selling off gracefully.
**This can go much lower than the 1.618 fib, hence the rule for point C 1.618 - 2.24 (Essentially once it "bottoms", however if shorts are squeezed and it "bottoms" expect a 50% retracement).
Now I know what you're thinking, IPO lock up is done. This overvalued pseudo meat company is going down way further. I agree. If this thing was a sh*tcoin, it'd probably be Verge. I don't know.
However, it looks like the stock market is about to go on a run with interest rates being cut at ATH's, billions and billions of liquidity being dumped into the repo market daily, and dollar-weighted put-call ratio beginning to flash a buy signal (www.optionstrategist.com); I really wouldn't be shocked if this sucker screws the bears one last time before its inevitable collapse.
I'm not saying go long. Not saying go short. I just wanted to float this out here, because on the off chance I'm right it'd be kind of cool.
Trade Ideas Educator: NZDJPY CrabA bullish deep crab setup on the 1-hourly chart on NZDJPY has a deeper entry of the 4-hourly 5-0pattern.
I will be observing how the market react at 5-0 pattern completion to decide if to engage the deep crab pattern and may even extend the target deeper.
Second Daily Chart (learning in progress)This week have trade talk on 10-11 Oct, Including inflation day on 10 Oct as last Friday Fed main policy is to keep near 2%, also with too many speech in a week trade safe ;)
NZDUSD A buying opportunity with 5-0 patternD point of the pattern is very close to 0.63 level and also previous resistance
We plan to wait for the red move, if it completes the pattern long the pair hoping to capture the green move.
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Credit: ByBurak
EURUSD-Weekly Market Analysis-Oct19,Wk3A bearish shark setup out of the downtrend channel poses a treat to this shorting trade. Traders who had engaged the trade and shorted the market like myself chill. I will follow my trade plan the only thing that is different is that I will be alert when the market hit the 1st target and I might gear up for 5-0 pattern trading opportunity to buy.
Will have to see how the candle forms up at the 5-0 region. If market bash through of the 5-0 Pattern Zone, I'll then wait for my second target.
HSI, are we going to 31600 ?Here is all patterns i can see with current HSI structure.
At 31600, there is a bearish gartley (78%).
At this exact same level, there is a 5-0 pattern (161% extension) which would lead to a ~50% drop in a form of AB=CD .
I tend to think, when fibs are nicely aligned (confluence) the probability is high to touch the level.
HSI could rally up to 31600, falls down 27400 and bounces back to 31600 again and higher...
BTC
On the hourly timeframe, the entry pulse with a five-wave structure is read,
which also fits into the criteria for the formation of a harmonious reversal pattern 5-0,
provided that the local correction is completed within the local upward channel
without going for a retracement of 50% of the entire movement, in the framework of parallel lines !!!
Trade Ideas Educator: NZDJPY BatHoarding for buying opportunity on NZDJPY. Already engaged on this bullish bat pattern on the 4-hourly chart(right) and already shifted stops to entry, let say the bullish 5-0 pattern form up on the 1-hourly chart(left) I will engage for another long trade.
Trade Ideas Educator: EURJPY 5-0patternA bullish 5-0 Pattern setup, will need more confirmation to engage this trade may be a break and close above the high and wait for the retracement to engage for a longer-term buying opportunity.
Extended target may take 4-5months to hit final target.
GBPUSD-Weekly Market Analysis-Oct19,Wk2Waiting for a buying opportunity on the GBPUSD 5-0 pattern setup, the reward:risk looks fine but is needed is a retest of the market and an initial market trend confirmation to engage the trade.
EURUSD-Weekly Market Analysis-Oct19,Wk2Looking to short as a trend trader on this emerging bearish shark pattern at 1.1007. At the 5-0pattern completion, I will observe if the bearish trend presumes, if it didn't I will be looking for a buying opportunity as a countertrend and trend reversal trade.
Sorry for my laziness earlier , This is a redraw for first onethere is bigger one , but the pattern not complete , anyway this is still learning progress
Trade Ideas Position: EURJPY 5-0A Bullish 5-0 pattern staging for a bigger trade setup. An opportunity for me to engage on a longer-term trade, however, I do need a bullish engulfing candle to close to engage.
Do note tomorrow is a non-farm payroll data release. Traders who aren't comfortable should wait out for the news and usually, I will engaged 15-45mins after the release of non-farm payroll.
GBPUSD-Weekly Market Analysis-Oct19,Wk1A head and shoulders setup after a bullish shark, what are you waiting for? What's your trade plan on this?
A selling opportunity?
Trade Ideas Educator: EURJPY 5-0A bullish 5-0 pattern setup on the 4-hour chart(right) for a buying opportunity, on top of that a bullish bat on the 1-hourly chart(left) still within the buy zone.
Looking for buying opportunity in the coming week.
GBPUSD May complete the Five-0 PatternIf price drops down to 1.2250 levels pattern will be completed.
We also can trade the bearish move, take profit at the five-0 entry and long from there.
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