5-0 Pattern
AUD/JPY H4 - Short setup - Bearish 5-0 pattern- Pattern completed
- Bear divergence present
- Pin bar (reversal bar) formed
Entry: 76.65
NZD/JPY - Short position - Bearish 5-0- Pattern complete
- Bear divergence present
- Pin bar (reversal bar) formed.
Entry 73.07
AUDUSD Short: 5-0 Pattern, Channel Res, 50DSMA, and Weekly PivotHey Traders! It's been awhile since I've shared an idea, I've been working on automating my trading strategy! AUDUSD is approaching a critical level presenting us with an opportunity to enter a 2-3 week short with a nice R/R. The pattern that caught my eye is the bearish 5-0 which I've had success with in the past for 4H-1D charts. In addition to this, we have resistance from the weekly pivot, 50 day SMA, and a parallel channel confluent at the same level. Short entry is placed at the 5-0 "D" point with target at the 1.272 extension. I will likely move stop to B/E around the 50% move to target if triggered.
Bearish Confluence:
Bearish 5-0 pattern
Bearish parallel channel resistance
Weekly pivot resistance
50 day SMA resistance
Bearish weekly channel
Feels great to be back on TV, hope you enjoyed and good luck to all!
GBPCAD - 1h, 4hLarge Bearish Alternate Bat (Green) in play and now a small bearish 5-0 (Purple) about to be hit.
EURCAD - 1h, 4hLarge Bullish 5-0 (RED) + Smaller Bullish Shark (Gold)
Double Harmonic is usually a very good sign.
Aim for 50% retrace and then for top of channel.
GBPUSD 1H BULLISH 5-0 PATTERN5-0 pattern formation with support at point D on the exponential moving average 200, and the formation of hidden divergence
EURCAD - 1hShark (small in RED) in play with target of 50% retracement into the "5-0" Price reversal zone (PRZ)
If it beats the Shark double top it's going up to target the larger blue shark.
USDJPY-More up? Down to 1,618?I expect to he do the same movement again.Volumes falling steadily.Bears powers are decreasing. Safe trade:)
USD/CAD H4 - Short setup - Shark patternThe bullish divergence present suggest that the price will continue higher to near resistance around 1.3050. Preparing for a possible bearish Shark pattern.
OIL price still poisoned for a brief uptrend.
EUR/USD H4 - Long setup - 5-0 patternPatterns completed on D1 and H4 charts, but it looks like the price will retest near resistance at 1.16 (Combo Shark & 5-0 pattern)
H1 chart view:
The Big Picture5-0 pattern was completed. My expectation is bounce to %161,8(ab extension) . This level also C point(grey) on pattern. I expect that there will be splash to 1.17.
XAG/USD - Bullish 5-0This is insane, to round off my 50th idea on TradingView I'm sharing what could possibly be one of my biggest trades of 2016. Here we have XAG/USD on a Daily chart with a picture perfect bullish 5-0, this is an excellent short/long opportunity!
The measurements for a valid 5-0 pattern are detailed below.
B: 1.13 - 1.618
C: 1.618 - 2.24
D: 0.50
As you can see price has spiked up to hit a major level of resistance completing our C leg, in addition we are extremely overbought on RSI and I'm all for shorting this pair right down to below 16.000... We're in for a huge trading opportunity.
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EUR/JPY H4 - Long setup / 5-0 patternCombo Shark / 5-0 pattern at sight. I hope that the price completes bearish ABCD pattern on D1 chart for future short position.
Waiting for reversal bar pattern inside PRZ
H1 chart view:
1267$ TargetGold has completed a nice Gartley Bullish, confirmed by a bat bullish last Friday.
Despite a close below 1223$, important weekly level, the close at 1222 is too shy by bears. H4 oscillators (RSI / Sto) give momentum for a move to the north.
The 1267$ zone could be reached next week to complete a Cypher bearish pattern.
If this level is reached, i will short to target 1165$/68 in order to complete a likely butterfly bullish pattern and activate the weekly 5-0 bullish (see idea below)
If prices break 1210, i will throw this scenario to the garbage but targeting the same level : 1165$/68
Bullish 5-0Trying my hand with Harmonic Trading, I came across what looks like to be a Bullish 5-0. The pair hasn't been this low since 2009. And the trade balance for NZ are expected to be be very good (result in an hour and a half). All this make me want to go long. I'll wait for trade balance result and the price to cross the Pivot Point then I'll go long with a take profit at 0.68700, I'll place my stop loss somewhere below the pivot point not sure where exactly yet.
