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Patrick246

A Long Opportunity on GBPUSD A potential 5-0 pattern

Long
British Pound / U.S. Dollar (OANDA:GBPUSD)  
Patrick246  
OANDA:GBPUSD   British Pound / U.S. Dollar
Harmonic Patterns price-action
3
4
harmonicpatterns price-action
A potential 5-0 pattern may be developing on the DAILY charts of GBPUSD. This is something to monitor for this week into next week.

The harmonic ratios for a valid 5-0 pattern are detailed below.
Initial impulsive reversal at X A
B: 113.0 - 161.8%
C: 161.8 - 224.0%
D: 50%
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