EUR/GBP bullish 5-0 pattern daily chart
Good morning everyone, hope yous are all doing well, here we have a bullish 5-0 pattern havig formed from EUR/GBP on the daily chart.
This is a fantastic trading opportunity with a risk reward ratio of around 1:3,
pay attention to the news when trading the Euro and Pound at the moment though,
Both EMA and RSI are saying price is under purchased at this moment in time.
The valid measurements for a 5-0 pattern are:
X-B) 1.13-1.618
A-C)1.618-2.24
D)0.50
I hope everyone has a good weekend ahead and if you have any questions or comments then please feel free to get in touch.
Thank you
This is a fantastic trading opportunity with a risk reward ratio of around 1:3,
pay attention to the news when trading the Euro and Pound at the moment though,
Both EMA and RSI are saying price is under purchased at this moment in time.
The valid measurements for a 5-0 pattern are:
X-B) 1.13-1.618
A-C)1.618-2.24
D)0.50
I hope everyone has a good weekend ahead and if you have any questions or comments then please feel free to get in touch.
Thank you
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.