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5-0 Pattern

Trade Ideas Educator: GBPAUD SharkGBPAUD is a very volatile pair; to trade this, one must have a mental preparation that market can still reverse against you after riding on a 100pips+ profit. Now this present as a third-chance entry to engage this trade of the countertrend trading. You might be asking, "Hey then, why is this trade still in your list?" Well, the volatility of this that attracted me. Be prepared to get stung out multiple times before being rewarded. As long as the market didn't gap up or gap down too much, I will still be looking for a shorting opportunity.
Short
by RaynLim
Trade Ideas Position: GBPAUD SharkA bearish shark pattern that converges with the 5-0pattern for a shorting opportunity forms at the peak of the band isn't that great? Don't underestimate the small wick over there, it is close to 50pips difference, and the tip of the 5-0 Pattern happens to be the HOP(Harmonic Optimal Price) on the bearish shark setup. I've placed a sell limit order to engage this trade, and that gives me a fantastic Reward: Risk. Aggressive Traders can decide if they are going to enter the trade.
Short
by RaynLim
1
EURUSD: bear signal29/02-2020 This time we are looking at a bear Gartley 886 completion with symmetry between London session closing prices on the 15 minute timeframe. This should trigger sell limit orders for swing trading. Im going to try and place my entry point around 1.104-1.105 with initial stops around 1.106 or X and look for an extension target. Our last trade on EU, all though we saw a decent decline hit target 1, I didn't find the trade very rewarding: Here the rejection with 89 WMA as support and the triangle have a fibonacci time confluence. This should have been interpreted as a bull 5-0 reversal, not a bear shark continuation, and it would have been a very good trade with a steady advance in this market: Anyway, its all about the next trade and learning from past mistakes right? Good luck to all trading EUR/USD for the coming week Happy trading folks
Short
by MikulovicFOREX
3
EURUSD 5 - 0 Pattern Indicating Continuation of Larger DowntrendEURUSD 5-0 pattern on 4h chart, CCI divergence , PRZ confluence with a fairly decent support turned resistance. On 15m chart possible double top formed marking the reversal inside PRZ of 5-0 formed by 1.00 AB=CD reciprocal and 0.500 Fib retracement. Stop loss is place just above high of double top and might be a little tight, if I'm stopped out I will look for another signal to attempt a second entry. Target 1 I'll close half my position. Target 2 I'll close 25% Target 3 I will close the rest. Because this price move is a possible continuation of the larger downtrend I have a greater degree of confidence in waiting for price to hit target 3. Entry - 1.10277 SL - 1.10542 Target 1 - 1.09143 Target 2 - 1.07690 Target 3 - 1.06014
Short
by UnknownUnicorn4041773
AUS200 Daily Harmonic Shark Pattern into Possible 5.0 patternAlready long, low risk high R:R trade, target to start adding to my longer term short is around the possible 5.0 pattern completion Stop is directly below the last two days lows, not giving it much room as it will either retrace now or if it fails it will likely breach the lows to take out stops first and there is always another opportunity to get back in later Alternate AB=CD zone shown by the copied arrows I love large bars as it shows all of the orders are flushed out of there so moving back through them is so much easier...
FX:AUS200Long
by dionvuletich
BTC Bullish 5-0 Could take us back to $14k before reversalBTC has been showing some strength in the new year and has formed somewhat of a bearish shark that may very well turn into a Bullish 5-0, I have two paths here drawn out for the scenario that can play out if BTC pulls back at $14k. One is a pivot from the 50 percent retrace and the other is the 61.8 percent retrace at around $9600 which is confluent with a strong support at $9625 Something to note s that this is a bearish shark first and a bullish 5-0 second and it can reverse anywhere between the .886 and 1.13 retrace in which case from the actually pullback within that zone we might have to refib later on but this is the general idea. These areas may also prove to be a good place to re-enter the market if you haven't already to take a shot on getting in on the trend continuation.
COINBASE:BTCUSDLong
by RizeSenpai