5-0 Pattern

The 5-0 pattern is a distinct 5-point reversal structure, discovered by Scott Carney that typically represents the first pullback of a significant trend reversal. It´s a relatively new pattern with 4 legs and specific Fibonacci measurements of each point within its structure, eliminating room for flexible interpretation. The following measurements define the pattern: the AB leg should be a 1.130 to 1.618 extension of the XA leg. The BC leg should be a 1.618 to 2.240 extension of the AB leg. The CD leg should be 0.500 retracement of the BC leg and it includes a reciprocal AB=CD pattern. With this, the Potential Reversal Zone (PRZ) is defined differently from other harmonic patterns.

Conservative traders look for additional confirmation before entering a trade. The 5-0 pattern can be either bullish or bearish. Targets can be set at the discretion of the trader as the reversal point could be the start of a new trend. Common stop levels are behind a structure level beyond the D point or the next important level for the Fibonacci sequence.
lewglasgow lewglasgow TOP AUDUSD, 60, Long , 11 hours ago
AUDUSD: AUD/USD - Bullish 5-0
567 13 21
AUDUSD, 60 Long
AUD/USD - Bullish 5-0

Hello traders, it appears AUD/USD is now forming a 5-0 pattern on the 1h chart. This is a follow up from a successful short which is about to hit take profit (chart is shown below). https://www.tradingview.com/chart/AUDUSD/MmUTVW4X-AUD-USD-Bearish-Shark/ The measurements for a valid 5-0 pattern are detailed below. B: 1.13 - 1.618 C: 1.618 - 2.24 D: 0.50 All ...

lewglasgow lewglasgow TOP EURAUD, D, Short , 12 hours ago
EURAUD: EUR/AUD - Waiting for the Break
233 2 23
EURAUD, D Short
EUR/AUD - Waiting for the Break

Interesting setup on the daily chart for EUR/AUD with a potential breakout, price is currently trading within a descending triangle and is approaching breaking point... Keep an eye on price action around 1.43000 for any indications of a false breakout and opportunity to short. I'm currently long on this pair from 1.38800 (check out my analysis by clicking the ...

lewglasgow lewglasgow TOP AUDUSD, 60, Short , a day ago
AUDUSD: AUD/USD - Bearish Shark
1132 4 61
AUDUSD, 60 Short
AUD/USD - Bearish Shark

Hello traders, just an update on AUD/USD 0.10% with a bearish shark pattern on the 1h chart. Price has now reached resistance at the D point, I'm expecting price to sell-off from the current level. The measurements for a valid shark are detailed below. C: 1.13 - 1.618 D: 1.618 - 2.24 Final X to D: 0.886 - 1.13 This pattern could potentially turn into a ...

cdschultheis15 cdschultheis15 PRO USDJPY, 60, Short , 15 hours ago
USDJPY: USD/JPY - Bearish 5-0
125 0 4
USDJPY, 60 Short
USD/JPY - Bearish 5-0

Here we are looking at a bearish 5-0 pattern on the 1h chart with USD/JPY. As price continues to drop this week, we have an opportunity for price to reverse at the the C point measuring at 2.24. This is the maximum extension for the C point on the 5-0 pattern, which continues to leave the opportunity open for profit. The measurements for this pattern are coming ...

lewglasgow lewglasgow TOP USDJPY, 60, a day ago
USDJPY: USD/JPY - Bearish 5-0
1303 3 41
USDJPY, 60
USD/JPY - Bearish 5-0

Wow this is huge! Today we have USD/JPY on the 1h chart with a perfect bearish 5-0 pattern, I'm absolutely loving the look of this setup already! The measurements for a valid 5-0 pattern are detailed below. B: 1.13 - 1.618 C: 1.618 - 2.24 D: 0.50 I consider this pattern to be perfect as both B and C points come in a 1.618. I'll be trading this pattern in a ...

lewglasgow lewglasgow TOP USOIL, 240, Short , 2 days ago
USOIL: Crude Oil - Bearish 5-0
552 2 33
USOIL, 240 Short
Crude Oil - Bearish 5-0

Here we have another 5-0 pattern but this time on the 4h timeframe with USOIL. Price is currently completing the C point at the minimum 1.618 but it could drop further to 2.24 before making a move towards the PRZ. The measurements for a valid 5-0 pattern are detailed below. B: 1.13 - 1.618 C: 1.618 - 2.24 D: 0.50 Feel free to connect with me on social media :)

lewglasgow lewglasgow TOP EURAUD, 60, Long , 4 days ago
EURAUD: EUR/AUD - Bullish 5-0
820 17 58
EURAUD, 60 Long
EUR/AUD - Bullish 5-0

I'm back with another 5-0 pattern but this time on the 1h timeframe with EUR/AUD. This pattern has fully complete and I'll be ready to enter this week coming, the 50% retracement is a solid support level providing us with an excellent entry 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 I hope you ...

amilajayawi amilajayawi EURAUD, 240, Long , 2 days ago
EURAUD: EUR AUD 5-0
16 0 6
EURAUD, 240 Long
EUR AUD 5-0

Long

lewglasgow lewglasgow TOP EURGBP, 240, Long , 7 days ago
EURGBP: EUR/GBP - Bullish 5-0
547 2 40
EURGBP, 240 Long
EUR/GBP - Bullish 5-0

Well it seems to be 5-0's all around this week, here we have EUR/GBP on the 4h chart with yet another bullish 5-0 pattern. The measurements for a valid 5-0 pattern are detailed below. B: 1.13 - 1.618 C: 1.618 - 2.24 D: 0.50 Price is currently 100 pips away from the PRZ, keep an eye on this pattern completing to go long!

lewglasgow lewglasgow TOP XAUUSD, 60, Short , 4 days ago
XAUUSD: XAU/USD - Bearish Bat (Continuation)
1341 6 68
XAUUSD, 60 Short
XAU/USD - Bearish Bat (Continuation)

Following up from my prediction over 2 months ago with XAU/USD which resulted in a move from $1249 to $1198 (chart shown below), I'm now looking to get back in to continue the move lower. https://www.tradingview.com/chart/XAUUSD/EiIJy1Eo-XAU-USD-Bullish-Cypher-Bearish-5-0/ Price has hit in between the 50% and 61.8% retracement, exactly where the D point of the ...

lewglasgow lewglasgow TOP EURJPY, 240, Long , 7 days ago
EURJPY: EUR/JPY - Bullish 5-0
434 2 36
EURJPY, 240 Long
EUR/JPY - Bullish 5-0

Hello traders, it appears EUR/JPY is also forming a 5-0 pattern on the 4h chart. This is an excellent opportunity with a potential 250+ pip return! Price is currently completing the C leg with the minimum 1.618 level shown but it could push up further to complete at 2.24 before making a move towards the PRZ. The measurements for a valid 5-0 pattern are detailed ...

lewglasgow lewglasgow TOP BTCUSD, 60, Long , a month ago
BTCUSD: BTC/USD - Bullish 5-0
1256 14 72
BTCUSD, 60 Long
BTC/USD - Bullish 5-0

Hello traders, here we have another 5-0 pattern but this time on the 1h timeframe with BTC/USD. The 5-0 pattern is complete but I'm expecting another drop to the D point before rallying to 1074, this is an excellent buying opportunity with over a 1:4 risk to reward. The measurements for a valid 5-0 pattern are detailed below. B: 1.13 - 1.618 C: 1.618 - 2.24 ...

lewglasgow lewglasgow TOP CHFJPY, 240, Long , 7 days ago
CHFJPY: CHF/JPY - Bullish 5-0
211 2 29
CHFJPY, 240 Long
CHF/JPY - Bullish 5-0

I'm back with another 5-0 pattern but this time on the 4h timeframe with CHF/JPY. Price is currently completing the C leg with the minimum 1.618 level shown but it could push up further to complete at 2.24 before making a move towards the PRZ. The measurements for a valid 5-0 pattern are detailed below. B: 1.13 - 1.618 C: 1.618 - 2.24 D: 0.50 Feel free to ...

lewglasgow lewglasgow TOP USDJPY, 60, Long , 20 days ago
USDJPY: USD/JPY - Bullish 5-0
1829 2 71
USDJPY, 60 Long
USD/JPY - Bullish 5-0

I'm back with another 5-0 pattern but this time on the 1h timeframe with USD/JPY. Price is currently completing the C point in between the 1.618 and 2.24 extension but it could push up further before making a move towards the PRZ. The measurements for a valid 5-0 pattern are detailed below. B: 1.13 - 1.618 C: 1.618 - 2.24 D: 0.50 Feel free to connect with ...

lewglasgow lewglasgow TOP XAGUSD, 240, Long , a month ago
XAGUSD: XAG/USD - Bullish 5-0
1155 6 56
XAGUSD, 240 Long
XAG/USD - Bullish 5-0

Hello traders, here we have another 5-0 pattern but this time on the 4h timeframe with XAG/USD. Price is currently completing the C point at the minimum 1.618 extension but it could push up further before making a move towards the PRZ. The measurements for a valid 5-0 pattern are detailed below. B: 1.13 - 1.618 C: 1.618 - 2.24 D: 0.50 I hope you all have ...

lewglasgow lewglasgow TOP GBPJPY, D, Long , a month ago
GBPJPY: GBP/JPY - Market Direction
1084 10 58
GBPJPY, D Long
GBP/JPY - Market Direction

Today we're taking a look at the future market direction of GBP/JPY on the daily chart. Following up from my prediction 2 months ago which resulted in an 800 pip move (chart shown below), I'm now adding to my long term view on this currency pair. https://www.tradingview.com/chart/GBPJPY/8nKMTpFY-GBP-JPY-Bullish-5-0/ I'm expecting price to continue the bullish ...

lewglasgow lewglasgow TOP NZDUSD, 60, Short , a month ago
NZDUSD: NZD/USD - Shark & 5-0
642 0 53
NZDUSD, 60 Short
NZD/USD - Shark & 5-0

Hello traders, following up from my previous post on NZD/USD with a three drives pattern (shown below). I have now spotted a bullish shark and bearish 5-0 pattern on the 1h chart, this is an excellent opportunity to jump on this long term move! https://www.tradingview.com/chart/NZDUSD/sFDRkrZp-NZD-USD-Three-Drives-Confluence/ I'm still holding my position from ...

lewglasgow lewglasgow TOP XAUUSD, W, Short , 19 days ago
XAUUSD: XAU/USD - The Bigger Picture
595 4 41
XAUUSD, W Short
XAU/USD - The Bigger Picture

Interesting setup on the weekly chart for XAU/USD with a long-term short, as you can see price is trading inside what appears to be a falling wedge or descending channel... And it has just bounced off the 200 EMA at $1258. I'm currently short on this pair around $1248 after price formed a valid bearish 5-0 pattern (chart shown ...

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