Wow this is huge, today we have AUD/USD on a 4 hour chart with yet another bearish 5-0 pattern. I'm absolutely loving the look of this setup already!
The measurements for a valid 5-0 pattern are detailed below.
B: 1.13 - 1.618
C: 1.618 - 2.24
D: 0.50
Once price reaches the D point I'll be looking for extra validation before placing the trade.
The measurements for a valid 5-0 pattern are detailed below.
B: 1.13 - 1.618
C: 1.618 - 2.24
D: 0.50
Once price reaches the D point I'll be looking for extra validation before placing the trade.
Comentarios:
Keep an eye on the trendline shown below incase price bounces, safe trading everyone.
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There are three more rate hikes expected during 2017.