GBP/CAD - Bullish 5-0

1 thg 5, 2017

Here we have another 5-0 pattern but this time on the 4h timeframe with GBP/CAD.

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 minimum 1.618, it may complete at 2.24 which would alter the PRZ.

I'll be looking to go long from 1.68600.

I hope you all have a great week :)