EURUSD Bearish 5-0I am expecting the pair to go slightly higher to complete the bearish 5-0 patterns at 1.1350.
Then only it would be a good opportunity to look to short
5-0 Pattern
EUR/JPY AB=CD with 5-0 PatternEUR/JPY 4H chart. Price has formed a potential AB=CD pattern starting from 27JULY forming C leg at 21JULY with a close .786 retrace. The projection from this is a 1.27 Extension from B. 5-0 Pattern originates just after the 27JULY with a C Leg forming at a 1.13 extension of A. D leg then forms at 2.24 extension of A. 50% of B-D is the next area for entering a buy, a violation of this area will result in a sell down to .886
Messy lines, First time trying to illustrate the trade. Any Comments/Criticisms welcome
NZDUSD Bullish Pattern. Touched Time and Price Reversal Zone. NZDUSD Bullish Pattern. Touched Time and Price Reversal Zone.
AUDCHF, D - Bear Shark with 5-0 as goal.Selling AUDCHF Daily after H.S.I and RSI trigger.
Looking to take One target at first level of 5-0 PRZ.
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.
