LewisGlasgow
Short

CAD/CHF - Bearish 5-0

OANDA:CADCHF   CAD/CHF
Here we have another 5-0 pattern but this time on the 1h timeframe with CAD/CHF .

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 completing the C point at the maximum 2.24, exceeding this level would invalidate the pattern.

I'll be looking to go short from 0.74250.

I hope you all have a great weekend :)
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nearly miss but I also got that TP, Thank you.
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LewisGlasgow MongkolchaiPetruecha
@MongkolchaiPetruecha, pattern did not complete but would've been a nice trade :)
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What's your take on riding the pair up? Some analysis? Thinking 0.7315 is a good entry up. Just my opinion.
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you really love this 5.0 joint. i just dont get how you figure the wave to start from
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@mrmtch1, one of my favourite patterns :) the formation is similar to a shark pattern with one extra price leg.
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CHF/CAD - Went short @ 1.3750 or Long CADCHF .7250
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Thanks
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LewisGlasgow fender0strat
@fender0strat, you're very welcome!
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