Here we have another 5-0 pattern but this time on the 1h timeframe with AUD/CHF.
Price is currently completing the C point at the minimum 1.618 but it could drop further to 2.24 before making a move towards the PRZ.
The measurements for a valid 5-0 pattern are detailed below. B: 1.13 - 1.618 C: 1.618 - 2.24 D: 0.50
Feel free to connect with me on below :)
Trade ist aktiv
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The C point formed just above 2.24, followed by an aggressive reversal to complete the CD leg.
I'm going short from 0.76400.
Kommentar
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I'm currently running in around 90 pips profit, I'd like you all to continue holding. If you take a look at the chart below with the ascending channel on the daily chart our take profit level aligns with the bottom trendline.
Providing additional reasoning to stay in the trade :)
Kommentar
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We're well on our way to approaching the final take profit level! If you want to keep up to date with my trading opportunities be sure to join my Telegram channel :)
Trade geschlossen: Ziel wurde erreicht
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Hit my final TP gaining 160 pips, well done to everyone who took the trade.
I will alert you all on my next trade via Telegram.