USD/CHF - Bullish 5-0 & Reciprocal AB=CD
Hello traders, it appears USD/CHF is now forming a reciprocal AB=CD within the CD leg of a bullish 5-0 on the daily chart.
The formation of the reciprocal AB=CD is regularly flipped in this situation, starting with A at the C point of the 5-0 pattern but I'd like to see the outcome of this setup!
The measurements for a valid 5-0 pattern are detailed below.
B: 1.13 - 1.618
C: 1.618 - 2.24
D: 0.50
This is an excellent opportunity with a potential 400+ pip return!
I hope you all have a great week :)
The formation of the reciprocal AB=CD is regularly flipped in this situation, starting with A at the C point of the 5-0 pattern but I'd like to see the outcome of this setup!
The measurements for a valid 5-0 pattern are detailed below.
B: 1.13 - 1.618
C: 1.618 - 2.24
D: 0.50
This is an excellent opportunity with a potential 400+ pip return!
I hope you all have a great week :)
Komen:
Move your stop loss into profit!
📈 Master the Art and Science of Trading: www.sixfigurecapital.com
