LewisGlasgow

USD/CHF - Bullish 5-0 & Reciprocal AB=CD

Long
LewisGlasgow Updated   
FX:USDCHF   U.S. Dollar / Swiss Franc
Hello traders, it appears USD/CHF is now forming a reciprocal AB=CD within the CD leg of a bullish 5-0 on the daily chart.

The formation of the reciprocal AB=CD is regularly flipped in this situation, starting with A at the C point of the 5-0 pattern but I'd like to see the outcome of this setup!

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 is an excellent opportunity with a potential 400+ pip return!

I hope you all have a great week :)
Comment:
Move your stop loss into profit!

📈 Master the Art and Science of Trading: www.sixfigurecapital.com
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.