morshedul.sazid
Education

The truth of 5-0 Pattern ( Educational)

FX:AUDNZD   Australian Dollar / New Zealand Dollar
1) AB movement should be 1.13 to 1.618 but not more than 1.618 extension of XA LEG.
BC             movement should be 1.618 to 2.24 extension of an AB LEG
CD movement should be 0.5 retracement of BC             LEG
2) Stop loss: It varies but I prefer few pips below 61.8 retracement of CD
3) Take profits : It varies too But I prefer 38.2% and the 61.8%.
Entries might be done with a limit order


you have done it half of it right, it is not 0.50, it is the same figures as ABCD pattern thats why it hit SL, also why you put SL in such a place?
Reply
Interesting one.
+1 Reply
Thanks, It has pretty good structures.
Reply
On this one too, thanks for posting
+1 Reply
morshedul.sazid KevinSinghDhaliwal
Welcome, Hope this works :)
+1 Reply
good chart
i think the entry point at 1.57
+1 Reply
United States
United Kingdom
India
Deutschland
France
España
Italia
Polska
Türkiye
Россия
Brasil
Indonesia
Malaysia
ประเทศไทย
Việt Nam
日本
한국
简体
繁體
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Priority Support Contact Support Ideas Published Followers Following Private Messages Chat Sign Out