OANDA:AUDUSD   Australian Dollar / U.S. Dollar
I'm back with another 5-0 pattern but this time on the 4h timeframe with AUD/USD             .

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

Excellent trading opportunity with over 1:3 risk to reward.

I've got more analysis on the way, stay tuned!
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Hi Lewis, thanks for sharing. That's my view, still valid for me. Just sharing as it's the opposite of yours and that's healthy for trading.
You can see the bigger picture in it.
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@ChrisMark, Hey Chris, the analysis is looking good! I'll keep an eye on a breakout, don't think I'll enter until next week.
+1 Reply
will you enter the trade when the price reach 0.74542 ?
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@samehisk, the move is valid, I'll be looking to go long shortly.
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Ti is pattern confirmed? Can i open long position?
Thank You for helping newbies!
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@JurajFx, you're welcome! The pattern is confirmed.
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im also agreeing here guys :)
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LewisGlasgow PatrickBuhrRasmussen
@PatrickBuhrRasmussen, yes, it looks good at the moment :)
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Same long possibility, different strategy.:)

+1 Reply
Rossouw ashddylan
just great, :-( i shorted it yesterday, i have my Daily trend line bit higher than yours and touching last low. so i took the break downwards. mmm now the support at 0.7444 is holding it up.. cant seem to add an image here.
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