GBP/CAD - Bullish 5-0 > 300+ PIPS
Here, we have a bullish 5-0 on the 4H chart with GBP/CAD.
Price is making a steep break to C point (1.79623) measuring in at 1.618.
Following C point, we can look for a 50% retracement at D point (1.68521).
Risk/Reward Ratio - 1:3
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 making a steep break to C point (1.79623) measuring in at 1.618.
Following C point, we can look for a 50% retracement at D point (1.68521).
Risk/Reward Ratio - 1:3
The measurements for a valid 5-0 pattern are detailed below.
B: 1.13 - 1.618
C: 1.618 - 2.24
D: 0.50
Related publications
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.