EUR/CHF - Bearish 5-0

FX:EURCHF   Euro / Swiss Franc
I'm back with another 5-0 pattern but this time on the daily timeframe with EUR/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 forming the C leg which will complete in between 1.618 and 2.24, it will more than likely complete at 1.618 level.

If it drops lower it will complete a bullish shark pattern (chart is shown below), providing a double trading opportunity.

This is an early prediction but I love to pick out market turning points :)

Wait until price completes both points C and D before going short.

I've got more analysis on the way, stay tuned!
📈 Learn How to Trade the Most Advanced Market Patterns: https://www.sixfigurecapital.com

∙ Telegram Channel: https://t.me/SixFigureCapital
∙ Facebook: https://www.facebook.com/sixfigurecapital
∙ Instagram: https://www.instagram.com/sixfigurecapital
Just daily though? I wouldn't even know how to use one mate!
LewisGlasgow MichaelCollins18
@MichaelCollins18, they can be applied to any timeframe but for me personally, I use a 200 (EMA) on the daily chart.

Don't worry that's going to be covered in the harmonic mastery :)
@LewisGlasgow, haha cheers, aye I wasn't sure like! looking forward to that video too!
What is the line that drops down on the first chart mate?
LewisGlasgow MichaelCollins18
@MichaelCollins18, 200 exponential moving average (EMA), it's a good indicator to use on the daily timeframe.
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
SV Svenska
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
AR العربية
HE עברית
Home Stock Screener Forex Screener Crypto Screener 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 Get Help Ideas Published Followers Following Private Messages Chat Sign Out