Wow this is huge! Today we have EUR/USD on the daily chart with a bearish 5-0 pattern, I'm absolutely loving the look of this setup already!
The measurements for a valid 5-0 pattern are detailed below.
B: 1.13 - 1.618
C: 1.618 - 2.24
D: 0.50
This pattern links in with my previous idea for EUR/USD with a bearish three drives pattern (chart is shown below).
I'm currently long from the beginning of the 3rd price drive, once price hits 1.09800 I'll be going short.
This chart is full of confluence, multiple harmonic patterns complete in the same price zone, providing additional confirmation to take the trade.
I'd like to thank you all for your continued support, keep sharing and liking my ideas.
Feel free to connect with me on social media :)
The measurements for a valid 5-0 pattern are detailed below.
B: 1.13 - 1.618
C: 1.618 - 2.24
D: 0.50
This pattern links in with my previous idea for EUR/USD with a bearish three drives pattern (chart is shown below).
I'm currently long from the beginning of the 3rd price drive, once price hits 1.09800 I'll be going short.
This chart is full of confluence, multiple harmonic patterns complete in the same price zone, providing additional confirmation to take the trade.
I'd like to thank you all for your continued support, keep sharing and liking my ideas.
Feel free to connect with me on social media :)
Comment:
I'm waiting for one final push up before going short, price seems to be reacting with the top trendline of the ascending channel.
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