cdschultheis15
Panjang

NZD/USD - Bullish 5-0 + GOLDEN RATIO X3

OANDA:NZDUSD   Dolar New Zealand/Dolar U.S
Hello traders!

I am SUPER excited about this set up. I have been keeping an eye on this since markets opened this week.

We are looking at a bullish 5-0 on the 4H chart with NZD/USD             .

Given the Fibonacci measurements at C point, it has been measured to the GOLDEN RATIO not only once...not twice...but THREE TIMES!

I usually never trade this pattern down unless the first 4 measurements of a 5-0 match a shark pattern, but you cant ignore confirmation like this.

I'll be trading this pattern down until it hit D point (0.7010), closing profit and following it up with a long position back up to (0.7200).

The measurements for a valid 5-0 pattern are detailed below.
B: 1.13 - 1.618
C: 1.618 - 2.24
D: 0.50
What about Comey speech this thursday?
Balas
cdschultheis15 PRO FaisalAlmarshad
@FaisalAlmarshad, You honestly though Comey's speech was going to move price that much? Moving price outside the channel based on that news ALONE?

Nothing in his speech will effect the USD in a big way.

I try to keep my head out of nonsense news like that...
Balas
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