morshedul.sazid

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


ArAlshammary
a year ago
good chart
i think the entry point at 1.57
+1 Reply
On this one too, thanks for posting
+1 Reply
morshedul.sazid KevinSinghDhaliwal
a year ago
Welcome, Hope this works :)
+1 Reply
Interesting one.
+1 Reply
morshedul.sazid IvanLabrie
a year ago
Thanks, It has pretty good structures.
Reply
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