LONG on the bullish 5-0 Pattern

5-0 Pattern completion at 1.6342 (50%) with prz down to 1.6309 (61.80%). To invalide the Bull Setup Candle must break and close below the 61.80%. So if we long right here technically our stops would be below 61.80% And we can go and have fixed targets. Targets that could be base on Risk:Reward ratio or could be base on structure.

5-0 Pattern PRZ - 1.6309 - 1.6342. Stops Would be below 61.80%
TP1: 1.6460
TP2: 1.6558
and could follow through for like a trend continuation.

Trade geschlossen: Stop wurde erreicht:

Take note that setup is already invalid. But we got another analysis on this market. Check out right here.

Kommentar:

As you can see it did hit our potential daily/weekly trendline with a cypher pattern completion.