We 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 :)
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 :)
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