Dollar A.S. / Yen JepangPembelian
USD/JPY - Bullish 5-0 pattern
Here we are looking at a bearish 5-0 pattern on the 4h chart with USD/JPY.
As the market price has been moving down for this pair, it seems that we have reached a point of reversal.
Signaled by a new higher low at B point (circled), this marks a shift in trend and also a completion of an ABCD pattern referenced in my related ideas.
We can look for price to reverse all the way up to C point, then look for a reversal to complete the pattern.
Risk Ratio - 3:1
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 the market price has been moving down for this pair, it seems that we have reached a point of reversal.
Signaled by a new higher low at B point (circled), this marks a shift in trend and also a completion of an ABCD pattern referenced in my related ideas.
We can look for price to reverse all the way up to C point, then look for a reversal to complete the pattern.
Risk Ratio - 3:1
The measurements for a valid 5-0 pattern are detailed below.
B: 1.13 - 1.618
C: 1.618 - 2.24
D: 0.50
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Publikasi terkait
Pernyataan Penyangkalan
Informasi dan publikasi tidak dimaksudkan untuk menjadi, dan bukan merupakan saran keuangan, investasi, perdagangan, atau rekomendasi lainnya yang diberikan atau didukung oleh TradingView. Baca selengkapnya di Persyaratan Penggunaan.