5-0 RetardioBullish 5-0 pattern forming on the 4 hour chart for Retardio. Looks like a good risk/reward trade to me.
Bullish50
Buying Opportunity on NZDUSDThis week, I'm eyeing a potential buying opportunity on NZDUSD, and here's my trade plan:
1. Bullish 5-0 Pattern on Weekly Chart: The NZDUSD is currently in the zone of the Bullish 5-0 Pattern on the Weekly Chart, signaling a potential buying opportunity.
2. 4-hourly Chart Setup: The 4-hourly chart presents a candlestick confirmation at the Potential Reversal Zone (PRZ), indicating a possible entry point for long positions.
3. Confirmation with 3-Bar Reversal: Despite the candlestick confirmation at the PRZ, I remain cautious and will wait for further confirmation. I'm looking for a 3-bar reversal pattern, where the next candle closes above 0.6089 and retests the level at 0.6083 before considering a buying opportunity.
By waiting for the 3-bar reversal pattern, I aim to ensure a stronger confirmation of the bullish momentum before entering the trade.
What are your thoughts on NZDUSD? Feel free to share your trade plans and insights below!
Wishing everyone profitable trading ahead!
Shorting Caution and Planning for Long-Term Opportunities!GBPUSD exhibits a stronger bullish trend compared to EURUSD, despite a Weaker Bull Trading setup. I'm eyeing a buying opportunity for a longer-term trade strategy.
However, this doesn't deter me from considering a Bearish Shark Trading setup on the 1-hourly chart as a potential shorter-term play. Simultaneously, I'm patiently awaiting the formation of a Bullish 5-0 Pattern, which could serve as an entry point for a longer-term buying opportunity.
What's your take or strategy on GBPUSD? Share your insights below!
GBPAUD - Bullish 5-0PatternFirst, before the 5-0Pattern is completed, it has to reverse at 1.7063 to show respect for the Bearish Shark Pattern completion.
Would I take the trade?
You bet I will!
I will observe if the market will respect 1.6993; if it pauses and reverses, I know I have my Bullish 5-0 Pattern.
The 5-0 Pattern is vital for my longer-term trading plan.
