GBP/USD - Bearish Shark + Bullish 5-0 COMPLIMENTARY
Hello, Traders!
Today we are looking at TWO COMPLIMENTARY PATTERNS!
We have a bearish shark and a bullish 5-0 pattern on 4h chart with the GPB/USD.
With the completion of the shark pattern, we can expect price to reverse down the 1.2260 level
That will then complete the 5-0 pattern and we can expect another reversal.
With the projected strength of the dollar this week, that gives up both technical and fundamental confirmation.
I am super pumped to kick off the week! the charts are looking too good!!
The measurements for a valid 5-0 pattern are detailed below.
B: 1.13 - 1.618
C: 1.618 - 2.24
D: 0.50
The measurements for a valid SHARK are detailed below.
C: 1.13 - 1.618
D: 1.618 - 2.24
Final X to D: 0.886 - 1.13
Today we are looking at TWO COMPLIMENTARY PATTERNS!
We have a bearish shark and a bullish 5-0 pattern on 4h chart with the GPB/USD.
With the completion of the shark pattern, we can expect price to reverse down the 1.2260 level
That will then complete the 5-0 pattern and we can expect another reversal.
With the projected strength of the dollar this week, that gives up both technical and fundamental confirmation.
I am super pumped to kick off the week! the charts are looking too good!!
The measurements for a valid 5-0 pattern are detailed below.
B: 1.13 - 1.618
C: 1.618 - 2.24
D: 0.50
The measurements for a valid SHARK are detailed below.
C: 1.13 - 1.618
D: 1.618 - 2.24
Final X to D: 0.886 - 1.13
Bài đăng liên quan
Thông báo miễn trừ trách nhiệm
Thông tin và ấn phẩm không có nghĩa là và không cấu thành, tài chính, đầu tư, kinh doanh, hoặc các loại lời khuyên hoặc khuyến nghị khác được cung cấp hoặc xác nhận bởi TradingView. Đọc thêm trong Điều khoản sử dụng.