GBP/USD - Bullish 5-0 (Ahead of the U.S Presidential Election)
After two profitable trades using the 5-0 pattern in previous weeks here we have GBP/USD on a 4h chart with yet another 5-0 pattern. I'm absolutely loving the look of this, especially ahead of the U.S Presidential Election.
(This is purely a technical prediction, I am not basing this analysis on who is likely to be voted)
The measurements for a valid 5-0 pattern are detailed below.
B: 1.13 - 1.618
C: 1.618 - 2.24
D: 0.50
Credit to one of my students tradingview.com/u/cdschultheis15/ for spotting this setup, excellent.
We'll see what happens very shortly, safe trading everyone.
(This is purely a technical prediction, I am not basing this analysis on who is likely to be voted)
The measurements for a valid 5-0 pattern are detailed below.
B: 1.13 - 1.618
C: 1.618 - 2.24
D: 0.50
Credit to one of my students tradingview.com/u/cdschultheis15/ for spotting this setup, excellent.
We'll see what happens very shortly, safe trading everyone.
📈 Master the Art and Science of Trading: sixfigurecapital.com
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