Here we have the CAD/CHF on the 1D chart. We are looking for price to hit and reverse at either C point, then touch at the respective D point to complete the bullish 5-0 pattern.
It should be noted that price has the potential to bounce in between either C point. In that case, we can adjust our D point accordingly.
This one is looking good for the weeks ahead! Definitely one to keep an eye on!
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 would really appreciate any feedback on this trade.
Other ideas are more than welcome as well!
Comment below! vv
It should be noted that price has the potential to bounce in between either C point. In that case, we can adjust our D point accordingly.
This one is looking good for the weeks ahead! Definitely one to keep an eye on!
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 would really appreciate any feedback on this trade.
Other ideas are more than welcome as well!
Comment below! vv