Hello, traders!
Here we are looking at a bearish 5-0 on the 4H chart with AUD/CHF.
As price continues the trend down to C point, we can expect price to reverse and make its way to D point.
Risk Ratio - 1:4
The measurements for a valid 5-0 pattern are detailed below.
B: 1.13 - 1.618
C: 1.618 - 2.24
D: 0.50
Here we are looking at a bearish 5-0 on the 4H chart with AUD/CHF.
As price continues the trend down to C point, we can expect price to reverse and make its way to D point.
Risk Ratio - 1:4
The measurements for a valid 5-0 pattern are detailed below.
B: 1.13 - 1.618
C: 1.618 - 2.24
D: 0.50
