NZD/CHF
Short

NZD/CHF - Bearish 5-0

Hello, everyone! I hope everyone week is going well.

Today, we are looking at a bearish 5-0 on the 1D chart with the NZD/CHF.

Price is making its way down to C point measuring in at 1.618, which is also a very strong support and resistance zone for this pair.

With price reversing at C point, we can look to place a position at the 0.50 retracement coming in around 0.7024

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

Bearish 5-0chrisschultheisHarmonic PatternskylemcquadelewisglasgowNZDCHFsix000sixfigurecapitalswingtradingtechnical_analysis

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