Here we have another 5-0 pattern but this time on the 1h timeframe with CAD/CHF.
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 maximum 2.24, exceeding this level would invalidate the pattern.
I'll be looking to go short from 0.74250.
I hope you all have a great weekend :)
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 maximum 2.24, exceeding this level would invalidate the pattern.
I'll be looking to go short from 0.74250.
I hope you all have a great weekend :)
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