Here we have another 5-0 pattern but this time on the 4h timeframe with GBP/AUD.
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 formed the C point at 2.0 and has started the decline towards D, keep an eye on this setup over the next couple of weeks.
I hope you all have a great day :)
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 formed the C point at 2.0 and has started the decline towards D, keep an eye on this setup over the next couple of weeks.
I hope you all have a great day :)
📈 Master the Art and Science of Trading: www.sixfigurecapital.com
I'll be looking to enter this move going into a new week.