Hello, Traders! Today we are looking at TWO COMPLIMENTARY PATTERNS! We have a bearish shark and a bullish 5-0 pattern on 4h chart with the USD/TRY. I literally just found these two patterns and that compliment the price direction of the market on my previous analysis referenced below. vvv Again, these patterns are not only running complimentary to each...
Hello, Traders! Today we are looking at TWO COMPLIMENTARY PATTERNS! We have a bearish shark and a bullish 5-0 pattern on 4h chart with the GPB/USD. With the completion of the shark pattern, we can expect price to reverse down the 1.2260 level That will then complete the 5-0 pattern and we can expect another reversal. With the projected strength of the dollar...
This scenario is very likely to happen with strong jobs data and the rate hike coming next week.
Hello traders, it appears EUR/JPY is also forming a 5-0 pattern on the 4h chart. This is an excellent opportunity with a potential 250+ pip return! Price is currently completing the C leg with the minimum 1.618 level shown but it could push up further to complete at 2.24 before making a move towards the PRZ. The measurements for a valid 5-0 pattern are detailed...
I'm back with another 5-0 pattern but this time on the 4h timeframe with CHF/JPY. Price is currently completing the C leg with the minimum 1.618 level shown but it could push up further to complete at 2.24 before making a move towards the PRZ. The measurements for a valid 5-0 pattern are detailed below. B: 1.13 - 1.618 C: 1.618 - 2.24 D: 0.50 Feel free to...
Here, we have the USD/ZAR on the 4H chart. The bullish 5-0 pattern has completed, and now we are just waiting for reversal to take place. The breakout of the current trend channel is further confirmation for the price reversal, along with the 5-0 pattern completing right on top of the trend line. The measurements for a valid 5-0 pattern are detailed below. B:...
I hope everyone had a great weekend! Today, we are looking at the USD/JPY. A HUGE potential bullish 5-0 pattern on the 4h chart. In the weeks to come, we can look for price to reverse at the 116.00 level (C point) and 114.00 level (D point). The measurements for a valid 5-0 pattern are detailed below. B: 1.13 - 1.618 C: 1.618 - 2.24 D: 0.50
I'm back with another 5-0 pattern but this time on the 1h timeframe with USD/JPY. Price is currently completing the C point in between the 1.618 and 2.24 extension but it could push up further before making a move towards the PRZ. The measurements for a valid 5-0 pattern are detailed below. B: 1.13 - 1.618 C: 1.618 - 2.24 D: 0.50 Feel free to connect with...
Bearish reversal on gold. Lower TF entry short min target 1210 for a Wolfe Wave. 1180 for 3-Drive
Here we have a potential 5-0 pattern...with the 50% retracement for the D completion... Looking to get short if it reacts properly to the PRZ.
I'm back with another 5-0 pattern but this time on the 4h timeframe with AUD/USD. Price is currently completing the C point in between the 1.618 and 2.24 extension but it could push up further before making a move towards the PRZ. The measurements for a valid 5-0 pattern are detailed below. B: 1.13 - 1.618 C: 1.618 - 2.24 D: 0.50 I hope you all have a...
Hello traders, here we have another 5-0 pattern but this time on the 1h timeframe with BTC/USD. The 5-0 pattern is complete but I'm expecting another drop to the D point before rallying to 1074, this is an excellent buying opportunity with over a 1:4 risk to reward. The measurements for a valid 5-0 pattern are detailed below. B: 1.13 - 1.618 C: 1.618 - 2.24...
If just found this bearish 5.0 pattern that helps my decision to short the EURUSD. Good luck and a lot of pips for you!
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:...