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Bullish 5-0

NZD/JPY Bullish 5-0 Type-II Entry Hi guys, Here I'm on the 4 hour chart, looking a potential type-ii entry on a bullish 5-0. The pattern has already made an absolutely PERFECT 5-0 formation; all key reversal areas are bang on our key retracement/extension levels. Price has already touched the 50% retracement for the D point, however if price returns to re-test this level we should be looking for a long entry! With this pattern, price should be trader until it re-tests the previous high at the C point .Our stop-loss should be below the 0.618 level, as if price closes below here then the pattern is no longer valid. By keeping the stop below we are minimising the possibility of price testing our stop before the rally to our TP begins. With this in mind, there is also an inverse head and shoulder pattern forming on the daily/weekly chart with the C point at the neckline. The right shoulder has not yet formed and I would not be surprised if this is it in the making. Should this be the case, I will adjust my stop loss once price either meets the neckline or the first TP level of 0.382 (whichever comes first). 5-0 Ratios B = 1.13-1.618 C = 1.618-2.24 D = 0.5 I am also short the GBP/NZD AND expecting a drop on the AUD/NZD if similar support is broken (see below). Using this position as sentimental confluence, it is conceivable that the NZD strength may be present in the Yen pair also. If price does return to the D point I will drop down to the 1 hour time frame to judge my entry. Analysis will be updated as time goes on! Thank you.
Long
by KyleMcQuade
2
NZD/USD - Bullish 5-0 + GOLDEN RATIO X3Hello traders! I am SUPER excited about this set up. I have been keeping an eye on this since markets opened this week. We are looking at a bullish 5-0 on the 4H chart with NZD/USD. Given the Fibonacci measurements at C point, it has been measured to the GOLDEN RATIO not only once...not twice...but THREE TIMES! I usually never trade this pattern down unless the first 4 measurements of a 5-0 match a shark pattern, but you cant ignore confirmation like this. I'll be trading this pattern down until it hit D point (0.7010), closing profit and following it up with a long position back up to (0.7200). The measurements for a valid 5-0 pattern are detailed below. B: 1.13 - 1.618 C: 1.618 - 2.24 D: 0.50
Long
by cdschultheis15
2
NZD/USD - Bearish Shark + Bullish 5-0 + CONFLUENCE + DOUBLE PLAYMAJOR CONFLUENCE HERE TRADERS! I am super excited about this set up! Today, we have a bearish shark and a bullish 5-0 on the 4H chart with NZD/USD. Sharks and 5-0s compliment each other, given the similar Fibonacci measurements. The bearish shark is already completed and running in profit. We can look to sell this one down to the 50% retracement to about the 0.6900 level. That will then complete the D point on the bullish 5-0. We can close out our short position and open a buy order. REMEMBER: Set your STOP LOSS accordingly. DO NOT risk more than 1-2% of your account. Set up like this are HUGE on growing your account and profiting on both ends. Risk/Reward Ratio - 1:4 The measurements for a valid shark are detailed below. C: 1.13 - 1.618 D: 1.618 - 2.24 Final X to D: 0.886 - 1.13 Risk/Reward Ratio - 1:3.55 The measurements for a valid 5-0 pattern are detailed below. B: 1.13 - 1.618 C: 1.618 - 2.24 D: 0.50
by cdschultheis15
1
NZD/CAD - Bullish 5-0 + GOLDEN RATIO x2 + 50% RETRACEMENT X2Hello, traders! This set up is looking too good to pass! Here we have a bullish 5-0 on the 4H chart with NZD/CAD. Absolutely nothing but GOLDEN RATIOS & 50% RETRACEMENTS. With price making its way up to C point (0.96176),we will look for price to reverse and make it way down to D point (0.93955) and completing the pattern. It should be noted that C point (0.96176) is a strong support/resistance zone in the market. Risk/Reward Ratio - 1:3.5 The measurements for a valid 5-0 pattern are detailed below. B: 1.13 - 1.618 C: 1.618 - 2.24 D: 0.50
Long
by cdschultheis15
2
USD/JPY - Bullish 5-0 patternHere we are looking at a bearish 5-0 pattern on the 4h chart with USD/JPY. As the market price has been moving down for this pair, it seems that we have reached a point of reversal. Signaled by a new higher low at B point (circled), this marks a shift in trend and also a completion of an ABCD pattern referenced in my related ideas. We can look for price to reverse all the way up to C point, then look for a reversal to complete the pattern. Risk Ratio - 3:1 The measurements for a valid 5-0 pattern are detailed below. B: 1.13 - 1.618 C: 1.618 - 2.24 D: 0.50
Long
by cdschultheis15
NZD/JPY - Bearish 5-0 & Bearish Deep CrabI hope everyone had a great weekend! The markets are looking as good as ever! Today, to start off the week, we have NZD/JPY on the 1W chart. This is looking great for the long term! In the up turn of the market, we have been hitting some resistance the past couple weeks. At this point, we are seeing the completion of a BULLISH 5-0 and a BULLISH DEEP CRAB pattern. With the two harmonic patterns completing at this point, along with the market hitting the resistance of this current trend line, we can expect a HUGE price reversal VERY SOON. This will be a good one to hold onto for the weeks to come! The measurements for a valid 5-0 pattern are detailed below. B: 1.13 - 1.618 C: 1.618 - 2.24 D: 0.50 The measurements for a valid deep crab pattern are detailed below. B: 0.886 C: 0.382 - 0.886 D: 2.0 - 3.618 Final X to D: 1.618
Short
by cdschultheis15
1
AUD/USD - BEARISH 5-0 ----TITLE CORRECTIONLots of opportunity on the charts to start off they year! Here at Six Figure Capital, we are all taking advantage of all the opportunities!!! Today, we are looking at AUD/USD on the 4h chart. Price seems to be trending down, and within the down trend a BEARISH 5-0 seems to have completed in the 0.7360 zone. Throughout my studies of this pattern, it seems to be very common for price to hit the 0.5 mark and then flirt between the 0.5 and 0.618 before the price reversal actually hits. When price breaks below the 0.5 mark, then we can look to enter a position. Referring to @Lewglasgow analysis of this pattern, price is also hitting a trend line in the down trend of this pair. Now, we just play the waiting game... The measurements for a valid 5-0 pattern are detailed below. B: 1.13 - 1.618 C: 1.618 - 2.24 D: 0.50
Short
by cdschultheis15
AUD/USD - Bullish 5-0Lots of opportunity on the charts to start off they year! Here at Six Figure Capital, we are all taking advantage of all the opportunities!!! Today, we are looking at AUD/USD on the 4h chart. Price seems to be trending down, and within the down trend a bullish 5-0 seems to have completed in the 0.7360 zone. Throughout my studies of this pattern, it seems to be very common for price to hit the 0.5 mark and then flirt between the 0.5 and 0.618 before the price reversal actually hits. Referring to @Lewglasgow analysis of this pattern, price is also hitting a trend line in the down trend of this pair. Now, we just play the waiting game... The measurements for a valid 5-0 pattern are detailed below. B: 1.13 - 1.618 C: 1.618 - 2.24 D: 0.50
Short
by cdschultheis15
2