5-0 Pattern
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.
USD/CAD H1 - Short setup - Shark and 5-0 patternsTwo possible patterns at sight... waiting for bear divergence + reversal bar pattern inside PRZ
EUR/USD H1 - Possible long setup - 5-0 patternLet's see if the pattern on H4 chart (blue) complete.
Wait for bull divergence + reversal bar pattern inside PRZ
Crude Oil - Bullish 5-0Tonight we have USOIL on a Daily chart with a bullish 5-0 pattern. I'm loving the look of this, if we can complete our D leg I'll be going long.
The measurements for a valid 5-0 pattern are detailed below.
B: 1.13 - 1.618
C: 1.618 - 2.24
D: 0.50
EUR/GBP H1 - Long setup - Bullish 5-0 pattern- Pattern completed
- Bullish divergence present
- Waiting for reversal bar pattern inside PRZ box
NZDUSD Short: Quintessential 5-0 Pattern + Wolfe + TrendlineNZDUSD has reached the 50% retracement of the BC leg of a bearish 5-0 pattern, which means it is time to sell. Target is placed at structure lows which coincide with 1.618AB, which is expected for these types of setups. SL may be placed above .618BC. To add to bearish bias, a Wolfe wave has also been completed at the entry point with the same target as the 5-0 pattern.
GBP/AUD 5-0 Pattern after Shark completion A nice potential 5-0 Pattern here if the market roles all the way down to the 0.50% where you can buy the GBP back and ride it back up again for a retest of the previous structure high at around 2.05500 level. R/R as usual great :). At least 2.3/ 1 or more depending how aggressive or conservative you are with your Stop Loss placement.
EURCAD Short: Bearish 5-0 Accompanied by BatEURCAD has been trending upward for a couple of months and has recently shown signs of weakness and a potential reversal. The 5-0 pattern is a great way to enter on the reversal. The entry is placed at 0.5BC which is confluent with the completion of a bearish bat pattern. SL is placed above structure highs and .618BC. Targets are placed at BC terminus, 1.272BC, unhit January 2016 pivot and the unhit pivot cluster from early December.
EURUSDBearish 5-0 harmonic pattern is visible on #eurusd ahead of ECB commentory. Seems an exciting short for 1.08 with the stop loss of 1.0930
Possible 5-0 patternNZD/CAD seems to go for the third attempt to break the resistance.
If this 5-0 pattern works as expected, it could be impulse to the trend continuation.
There is also some sort of inverted Head 'n' Shoulders pattern, which is usually considered a continuation (or at least not a valid reversal pattern) pattern.
1st attempt - March 2014
2nd attempt - March 2015
3rd attempt - ?? (March 2016 ?)
GBPCHF TRADE UPDATE AND OPPORTUNITY TO ADD POSITIONSHello everyone I posted this bearish trade at 1.47 and we are down to 1.455. We still have a chance to hold or add more bearish positions. Also there is another pattern at this current time, which makes be believe it will go further down.
The targets are highlighted on the chart.
Good Luck
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Possible bullish 5-0 patternin H4 timeframe bullish trend is forming, I'm planning to buy a pullback, I hope so) Good luck everyone!
Short AUDUSD: Potential Bearish 5-0 PatternAUDUSD has printed a sharp bearish candle after an uptrend. The setup has produced an opportunity to trade the bearish 5-0 pattern if price should reach the 50% retracement of the BC leg. Entry is placed at .5BC with SL above .786BC and targets at C and the 1.272 and 1.618 BC projections.
