I hope everyone had a great weekend!
Today, we are looking at the USD/JPY. A HUGE potential bullish 5-0 pattern on the 4h chart.
In the weeks to come, we can look for price to reverse at the 116.00 level (C point) and 114.00 level (D point).
The measurements for a valid 5-0 pattern are detailed below.
B: 1.13 - 1.618
C: 1.618 - 2.24
D: 0.50
Today, we are looking at the USD/JPY. A HUGE potential bullish 5-0 pattern on the 4h chart.
In the weeks to come, we can look for price to reverse at the 116.00 level (C point) and 114.00 level (D point).
The measurements for a valid 5-0 pattern are detailed below.
B: 1.13 - 1.618
C: 1.618 - 2.24
D: 0.50
