A potential 5-0 pattern may be developing on the four hours (H4) charts of EURUSD 0.16% . This is something to monitor for next week.
The harmonic ratios for a valid 5-0 pattern are detailed below.
Initial impulsive reversal at X A
B: 113.0 - 161.8%
C: 161.8 - 224.0%
D: 50%
The harmonic ratios for a valid 5-0 pattern are detailed below.
Initial impulsive reversal at X A
B: 113.0 - 161.8%
C: 161.8 - 224.0%
D: 50%
Note
Missed my entry by 5 pips and now it is 100+pips :)Order cancelled
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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.