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5-0 Pattern

USD/JPY - Bearish 5-0 Here we are looking at a bearish 5-0 pattern on the 1h chart with USD/JPY. As price continues to drop this week, we have an opportunity for price to reverse at the the C point measuring at 2.24. This is the maximum extension for the C point on the 5-0 pattern, which continues to leave the opportunity open for profit. The measurements for this pattern are coming in so perfectly that I will be opening a position to follow price from C to D point. The measurements for a valid 5-0 pattern are detailed below. B: 1.13 - 1.618 C: 1.618 - 2.24 D: 0.50
Short
by cdschultheis15
USD/JPY - Bearish 5-0Wow this is huge! Today we have USD/JPY on the 1h chart with a perfect bearish 5-0 pattern, I'm absolutely loving the look of this setup already! The measurements for a valid 5-0 pattern are detailed below. B: 1.13 - 1.618 C: 1.618 - 2.24 D: 0.50 I consider this pattern to be perfect as both B and C points come in a 1.618. I'll be trading this pattern in a different way than normal, due to the dollar gaining strength this week I'll be going long from C to D before going short. A valid inverted head and shoulders pattern has formed on the 15m chart which would be an excellent entry point (chart shown below). To add to the bearish 5-0, price has formed a valid reciprocal AB=CD pattern which completes at the D point (chart shown below). I hope you all have an excellent week. Here's to your success!
by LewisGlasgow
6
USD/TRY - Bullish Shark + Bearish 5-0 COMPLIMENTARYHello, Traders! Today we are looking at TWO COMPLIMENTARY PATTERNS! We have a bearish shark and a bullish 5-0 pattern on 4h chart with the USD/TRY. I literally just found these two patterns and that compliment the price direction of the market on my previous analysis referenced below. vvv Again, these patterns are not only running complimentary to each other, but also in the projected fundamental direction of the USD this 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 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
by cdschultheis15
GBP/USD - Bearish Shark + Bullish 5-0 COMPLIMENTARYHello, Traders! Today we are looking at TWO COMPLIMENTARY PATTERNS! We have a bearish shark and a bullish 5-0 pattern on 4h chart with the GPB/USD. With the completion of the shark pattern, we can expect price to reverse down the 1.2260 level That will then complete the 5-0 pattern and we can expect another reversal. With the projected strength of the dollar this week, that gives up both technical and fundamental confirmation. I am super pumped to kick off the week! the charts are looking too good!! The measurements for a valid 5-0 pattern are detailed below. B: 1.13 - 1.618 C: 1.618 - 2.24 D: 0.50 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
by cdschultheis15
USD/CHF - Bullish 5-0 & Reciprocal AB=CDHello traders, it appears USD/CHF is now forming a reciprocal AB=CD within the CD leg of a bullish 5-0 on the daily chart. The formation of the reciprocal AB=CD is regularly flipped in this situation, starting with A at the C point of the 5-0 pattern but I'd like to see the outcome of this setup! The measurements for a valid 5-0 pattern are detailed below. B: 1.13 - 1.618 C: 1.618 - 2.24 D: 0.50 This is an excellent opportunity with a potential 400+ pip return! I hope you all have a great week :)
Long
by LewisGlasgow
8