GBP/CAD - Bullish 5-0 Long

GBP/CADOANDA

Description

⋅ May 1, 2017 5:16 PM

Here we have another 5-0 pattern but this time on the 4h timeframe with GBP/CAD.

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 minimum 1.618, it may complete at 2.24 which would alter the PRZ.

I'll be looking to go long from 1.68600.

I hope you all have a great week :)

Comments

lichenyang

⋅ May 4, 2017 7:29 AM

5-0

MongkolchaiPetruecha

⋅ May 2, 2017 3:49 AM

I also wait for GBPUSD and GBPAUD and now GBPCAD. LOL

Khobi7

⋅ May 2, 2017 3:48 AM

^^! nice chart Glasgow, but i wonder how did u measure the date, that it will reach its peak 1.618 on 8th which is next week ? may i know how ?

BNBInvestments

⋅ May 1, 2017 5:40 PM

@mujtaba_abidi