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 me below :)
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 me below :)
📈 Master the Art and Science of Trading: www.sixfigurecapital.com