Get started

5-0 Pattern

GBP/JPY - Relief RallyGBP/JPY -0.27% has been selling off from the 15th of December 2016 after completing the C point of this bullish 5-0 , it completed in between the 1.618 and 2.24 extension. The measurements for a valid 5-0 pattern are detailed below. B: 1.13 - 1.618 C: 1.618 - 2.24 D: 0.50 Since then I have been waiting for the C to D move to complete and it has finally happened, I predicted this almost one month ago here on TradingView (as shown below). Price met the 0.5 retracement at 136.500 to complete the D point upon market open this week, right inside a crucial support zone . This has potentially created a higher low in the market, thus providing an excellent opportunity to buy low. To validate the change in market direction I'm expecting price to increase following tomorrow's speech on Brexit with Prime Minister Theresa May (17th of January 2017). There is a bearish consensus around Theresa May's speech, those looking to punish Sterling further could be disappointed.
Long
by LewisGlasgow
7
GBP/JPY - Bullish 5-0I'm getting ready for the weeks ahead, make sure to keep this one on your watch list! Here we have GBP/JPY on a 4h chart with an excellent buying opportunity if price continues to drop going into 2017. The measurements for a valid 5-0 pattern are detailed below. B: 1.13 - 1.618 C: 1.618 - 2.24 D: 0.50 If we can complete our C point this move will take place in the forthcoming weeks, as always feel free to share any complimentary ideas and leave your opinion on this pair below.
Long
by LewisGlasgow
20
NZD/JPY - Bearish 5-0 & Bearish Deep CrabI hope everyone had a great weekend! The markets are looking as good as ever! Today, to start off the week, we have NZD/JPY on the 1W chart. This is looking great for the long term! In the up turn of the market, we have been hitting some resistance the past couple weeks. At this point, we are seeing the completion of a BULLISH 5-0 and a BULLISH DEEP CRAB pattern. With the two harmonic patterns completing at this point, along with the market hitting the resistance of this current trend line, we can expect a HUGE price reversal VERY SOON. This will be a good one to hold onto for the weeks to come! 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 deep crab pattern are detailed below. B: 0.886 C: 0.382 - 0.886 D: 2.0 - 3.618 Final X to D: 1.618
Short
by cdschultheis15
1
NZD/CHF - Bearish 5-0Hello traders, here we have another 5-0 pattern but this time on the 4h timeframe with NZD/CHF. Once the market opens I will be looking for extra confirmation to enter this trade, I'm expecting price to sell-off right down to the daily trendline near the C point. This is an excellent shorting opportunity with over a 1:2 risk to reward. 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 hope your week is full of profit, safe trading everyone!
Short
by LewisGlasgow
XAU/USD - $1249 to $1088Following up from Donald Trump's speech yesterday I'm expecting the U.S Dollar to continue weakening short term, thus providing excellent opportunities across the board. Here we have XAU/USD on the daily chart with a bearish 5-0 pattern, I have been closely watching this structure since mid December 2016. 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'm expecting price to reach the D point at $1249 just above the trendline and create a lower high in the market. I'll be going short from this area all the way down to the support level at $1088. In addition to the bearish 5-0, price is now approaching the 200 EMA (as shown below) near my projected reversal zone at $1249. Keep this one on your watch list!
OANDA:XAUUSDShort
by LewisGlasgow
10
Complex patterns on EURUSD are forming and matching results !!!Hello guys , First of all sorry guys for this crowded chart but couldn't do it better than this but dont worry i will explain. So lets go !! FIRST , EURUSD is forming expanding flag in higher time frame , 12H-D, The light orange Pattern is called Deep Crab, and it will happened before the blue Pattern . Deep Crab Rules : AB=0.886 XA leg CB=0.382; 0.886 AB leg , but i took the 0.76.4 because there are a lot of fib retarcement in that area CD=1.618 XA leg Note: we can go long when we reach the C leg is completed(1.04100) SL: 1.03362,, T:1.0800 but of-curs after checking your entry setup and strategy. Targets are: 0.382;0.618 CD Retracement; i will go with the second target because it matches the second pattern ending ! The blue pattern is called Zero-five Pattern , Rules of Five Zero : AB=1.13 XA leg CB=1.618-2.24 AB leg CD=0.5 BC leg Targets are: 0.382;0.618 CD Retracement Note: maybe that last target of Zero-Five patter in the time to go short for long term trade , but its too early to think about it NOTE : USE YOUR STRATEGY TO TRADE, THIS IS ONLY AN IDEA Please if you like the idea support me with like or comments if you disagree please leave a comment; i would like to know that i am wrong before i lose money :P
by abdalla.raffoul
2
AUD/USD - BEARISH 5-0 ----TITLE CORRECTIONLots of opportunity on the charts to start off they year! Here at Six Figure Capital, we are all taking advantage of all the opportunities!!! Today, we are looking at AUD/USD on the 4h chart. Price seems to be trending down, and within the down trend a BEARISH 5-0 seems to have completed in the 0.7360 zone. Throughout my studies of this pattern, it seems to be very common for price to hit the 0.5 mark and then flirt between the 0.5 and 0.618 before the price reversal actually hits. When price breaks below the 0.5 mark, then we can look to enter a position. Referring to @Lewglasgow analysis of this pattern, price is also hitting a trend line in the down trend of this pair. Now, we just play the waiting game... 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
AUD/USD - Bullish 5-0Lots of opportunity on the charts to start off they year! Here at Six Figure Capital, we are all taking advantage of all the opportunities!!! Today, we are looking at AUD/USD on the 4h chart. Price seems to be trending down, and within the down trend a bullish 5-0 seems to have completed in the 0.7360 zone. Throughout my studies of this pattern, it seems to be very common for price to hit the 0.5 mark and then flirt between the 0.5 and 0.618 before the price reversal actually hits. Referring to @Lewglasgow analysis of this pattern, price is also hitting a trend line in the down trend of this pair. Now, we just play the waiting game... 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
2
CAD/CHF Bullish 5-0 400+ pips!!!Here we have the CAD/CHF on the 1D chart. We are looking for price to hit and reverse at either C point, then touch at the respective D point to complete the bullish 5-0 pattern. It should be noted that price has the potential to bounce in between either C point. In that case, we can adjust our D point accordingly. This one is looking good for the weeks ahead! Definitely one to keep an eye on! 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 would really appreciate any feedback on this trade. Other ideas are more than welcome as well! Comment below! vv
Long
by cdschultheis15
GBPJPY AnalysisHere is some generic price analysis on the Pound/Yen, taking the form of a Bullish 5-O ! As technical traders we use price action as our main (preferably ONLY) indicator. That said, it never hurts to consider the actions from institutions that drive the markets to do what they do! Traders everywhere are acknowledging a weakening Yen, whilst the other 99.9% of the population (unless you live under a rock) are aware of the UK central bank (BoE) lowering interest rates in their attempt to combat the impact of the impulse reaction to Brexit. Over the next month or so this combination will cause the pound to go bullish, rallying upwards towards point 4 between 147.00 and 156.00. A sharp boost in economic growth will likely cause a spike in inflation, which has a direct affect on consumer purchasing power. Interest rates may temporarily be risen to counteract this! The market will bring a decrease in currency value, with a drop likely to around the 138.00 area before the market begins to trend! Coming back to technical analysis, this price action would complete a 5-0 set up, at which point i'll take a long entry on this pair! This is definitely one to watch in the near future! This movement can also be seen in the CAD/JPY! 5-O Ratios AB: 1.13 - 1.618 BC: 1.618 - 2.24 CD: 0.50 (1-5 = XABCD)
Long
by KyleMcQuade