Here we have another 5-0 pattern but this time on the 4h timeframe with GBP/CAD.
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 minimum 1.618, it may complete at 2.24 which would alter the PRZ.
I'll be looking to go long from 1.68600.
I hope you all have a great week :)
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 minimum 1.618, it may complete at 2.24 which would alter the PRZ.
I'll be looking to go long from 1.68600.
I hope you all have a great week :)
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