GBP/CAD - Bullish 5-0
Here we have another 5-0 pattern but this time on the 4h timeframe with GBP/CAD.
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 currently completing the C point at the minimum 1.618, it may complete at 2.24 which would alter the PRZ.
I'll be looking to go long from 1.68600.
I hope you all have a great week :)
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 currently completing the C point at the minimum 1.618, it may complete at 2.24 which would alter the PRZ.
I'll be looking to go long from 1.68600.
I hope you all have a great week :)
📈 Master the Art and Science of Trading: sixfigurecapital.com
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.
📈 Master the Art and Science of Trading: sixfigurecapital.com
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.