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5-0 Pattern

SGDCNH - 5-0 pattern setting upThis is a currency pair that I hold close to my heart. As someone who travels to Shenzhen china almost monthly, I am pretty interested to put what I learn into good use to gain an advantage in life. I change SGD to CNH every single month. Keeping this post short, I am expecting SGDCNH to go down to 4.7 before rebounding. For those of you who are planning to visit China in the next few months, I will suggest either changing more CNH this month or wait until it rebounds from 4.7,completing a 5-0 harmonic pattern before it charges towards $5. Do not change your sgd to cnh when it is around 4.7, either change it early or wait to change after it rebounds. I cannot predict how long it will take but my conclusion is I will see the SGD weakening against the CNH over the next few months.
Long
by TerryHarmonicTrading
NZD/USD Bearish 5-0Today, we have a Bearish 5-0 pattern on the NZD/USD 4h chart. I never trade solely off Head and Shoulders patterns, but they are good for further confirmation. Depending on when the D point hits, I have given both options for the C measurement on the graph. They are differentiated by color: Green = C:1.618 Blue = C:2.24 Also, I have high lighted in red where the price jumped due to the Presidential Election yesterday... I am making a personal decision not to include that in the Right Shoulder or 5-0...it seemed to just be a hiccup in the market. The measurements for a valid 5-0 pattern are detailed below. B: 1.13 - 1.618 C: 1.618 - 2.24 D: 0.50
Short
by cdschultheis15
GBP/USD - Bullish 5-0 (Ahead of the U.S Presidential Election)After two profitable trades using the 5-0 pattern in previous weeks here we have GBP/USD on a 4h chart with yet another 5-0 pattern. I'm absolutely loving the look of this, especially ahead of the U.S Presidential Election. (This is purely a technical prediction, I am not basing this analysis on who is likely to be voted) The measurements for a valid 5-0 pattern are detailed below. B: 1.13 - 1.618 C: 1.618 - 2.24 D: 0.50 Credit to one of my students www.tradingview.com for spotting this setup, excellent. We'll see what happens very shortly, safe trading everyone.
Long
by LewisGlasgow
USD/JPY - Bullish 5-0Wow this is huge, today we have USD/JPY on a 4 hour chart with yet another bullish 5-0. Yesterday I posted my analysis on CHF/JPY with the exact same pattern... Here is my analysis below: The measurements for a valid 5-0 pattern are detailed below. B: 1.13 - 1.618 C: 1.618 - 2.24 D: 0.50 As mentioned in yesterdays analysis the 5-0 pattern holds a much better structure on the Daily chart but we shall see how the two scenarios play out. Just make sure to keep these two patterns on your watch list!
Long
by LewisGlasgow
4
CHF/JPY - Bullish 5-0We have CHF/JPY on a 4h chart with yet another 5-0 pattern but this time it is bullish. I'm absolutely loving the look of this, if we can complete our D leg I'll be going long. The measurements for a valid 5-0 pattern are detailed below. B: 1.13 - 1.618 C: 1.618 - 2.24 D: 0.50 The 5-0 pattern holds a much better structure on the Daily chart but we shall see how this one plays out. I hope you all enjoy your weekend and I shall see you on the charts tomorrow evening :)
Long
by LewisGlasgow
AUDUSD EW Update: 5-0 Pattern to Enter BatPreviously, I posted this: I don't normally set limit orders without first seeing a sign of reversal in the form of an impulse that aligns with the wave count. This is yet another example of why this is important. This 15m 5-0 trade is a great opportunity to trade the bat pattern after first seeing a bearish impulse and setting the SL to maximize your R/R. This is the more conservative and my preferred approach. Limits can be set on 5-0 patterns assuming no major news events are scheduled. Happy Trading
Short
by glennmercer
GBPJPY Short: 5-0 Pattern to Missed PivotsHey Traders! GBPJPY has entered the potential reversal zone for point E on a 5-0 pattern. The short at the 0.500 fib retracement remains valid unless price drops lower than 1.345 without entering the short area. Any entry into the short area from these levels will warrant a short and the pattern will be triggered and active. SL is placed above point B with target at the lowest missed pivot, confluent with the missed weekly pivot from last week. Happy Trading! GM
Short
by glennmercer
2
Crude Oil - Bullish 5-0 ReviewToday we have one for the swing traders on a Daily chart with USOIL reviewing my analysis posted around 5 months ago with a bullish 5-0 pattern. I'm still sticking to my guns by saying the long term picture for Crude Oil is bearish! Straight away you can see price is slowly approaching our 200 EMA which is a decisive point in the market, I expect a spike up creating a new lower high followed by a sharp move to the downside reaching the $35 mark in months to come. In the near future I will be going into the shorter time-frames for additional analysis. Do you want more trading inspiration? Connect with me below :) Instagram: www.instagram.com Facebook: www.facebook.com
FX:USOILShort
by LewisGlasgow
XAG/USD - Bearish 5-0It's a Saturday night, market are closed and I've had an absolute stormer of a week. Now it just keeps getting better, we have XAG/USD on a 1h chart with yet another 5-0 pattern but this time it is bearish. I'm absolutely loving the look of this, if we can complete our D leg I'll be going short. The measurements for a valid 5-0 pattern are detailed below. B: 1.13 - 1.618 C: 1.618 - 2.24 D: 0.50 View related analysis on this pair below, I previously traded a bullish 5-0 pattern which was picture perfect... Let's see if the bearish version can live up to the potential. I hope you all enjoy your weekend and I shall see you all on the charts tomorrow evening :)
FX:XAGUSDShort
by LewisGlasgow
EUR/JPY AB=CD with 5-0 PatternEUR/JPY 4H chart. Price has formed a potential AB=CD pattern starting from 27JULY forming C leg at 21JULY with a close .786 retrace. The projection from this is a 1.27 Extension from B. 5-0 Pattern originates just after the 27JULY with a C Leg forming at a 1.13 extension of A. D leg then forms at 2.24 extension of A. 50% of B-D is the next area for entering a buy, a violation of this area will result in a sell down to .886 Messy lines, First time trying to illustrate the trade. Any Comments/Criticisms welcome
by AlexBetts