CAD/CHF - Bearish 5-0

٢٨ أبريل ٢٠١٧

Here we have another 5-0 pattern but this time on the 1h timeframe with CAD/CHF.

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 maximum 2.24, exceeding this level would invalidate the pattern.

I'll be looking to go short from 0.74250.

I hope you all have a great weekend :)