Hello, traders! I hope everyone had a great weekend. I am PUMPED for the week ahead!
Here, we have a bearish 5-0 pattern on the 4h chart with the CAD/CHF.
The Canadian Dollar is looking bullish on all charts this week.
With price beginning to reverse at the C point, which is a strong support/resistance zone, we can look for price to make its way up to D point.
The level in the market we are looking for a reversal in price is 0.7424
Risk/Reward Ratio - 1:3
The measurements for a valid 5-0 pattern are detailed below.
B: 1.13 - 1.618
C: 1.618 - 2.24
D: 0.50
Here, we have a bearish 5-0 pattern on the 4h chart with the CAD/CHF.
The Canadian Dollar is looking bullish on all charts this week.
With price beginning to reverse at the C point, which is a strong support/resistance zone, we can look for price to make its way up to D point.
The level in the market we are looking for a reversal in price is 0.7424
Risk/Reward Ratio - 1:3
The measurements for a valid 5-0 pattern are detailed below.
B: 1.13 - 1.618
C: 1.618 - 2.24
D: 0.50
