Hello, Traders! I hope everyone is having a great weekend! I'm VERY excited to share and keep an eye on this set up with you guys.
Today, we are looking at a bearish 5-0 pattern on the 4H chart with the CAD/CHF.
Price seems to have started to reverse between 1.13-1.618 at B point. Lets look for price to break the current trend when the markets open back up to continue its way to C point.
The measurements for a valid 5-0 pattern are detailed below.
B: 1.13 - 1.618
C: 1.618 - 2.24
D: 0.50
Today, we are looking at a bearish 5-0 pattern on the 4H chart with the CAD/CHF.
Price seems to have started to reverse between 1.13-1.618 at B point. Lets look for price to break the current trend when the markets open back up to continue its way to C point.
The measurements for a valid 5-0 pattern are detailed below.
B: 1.13 - 1.618
C: 1.618 - 2.24
D: 0.50
