NZD/CAD
Long

NZD/CAD - Bullish 5-0 + GOLDEN RATIO x2 + 50% RETRACEMENT X2

498
Hello, traders! This set up is looking too good to pass!

Here we have a bullish 5-0 on the 4H chart with NZD/CAD.

Absolutely nothing but GOLDEN RATIOS & 50% RETRACEMENTS.

With price making its way up to C point (0.96176),we will look for price to reverse and make it way down to D point (0.93955) and completing the pattern.

It should be noted that C point (0.96176) is a strong support/resistance zone in the market.

Risk/Reward Ratio - 1:3.5

The measurements for a valid 5-0 pattern are detailed below.
B: 1.13 - 1.618
C: 1.618 - 2.24
D: 0.50

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