AUD/USD - Bullish 5-0 做多

Australian Dollar/U.S. DollarFXCM

描述

⋅ Feb 24, 2017 5:19 PM

I'm back with another 5-0 pattern but this time on the 4h timeframe with AUD/USD.

Price is currently completing the C point in between the 1.618 and 2.24 extension but it could push up further before making a move towards the PRZ.

The measurements for a valid 5-0 pattern are detailed below.
B: 1.13 - 1.618
C: 1.618 - 2.24
D: 0.50

I hope you all have a brilliant weekend!

lluiszardoya

⋅ Feb 27, 2017 2:10 PM

Why not shorting now, and longing the way up?

LewisGlasgow

⋅ Feb 27, 2017 2:18 PM

@lzardoya, I am see related ideas :)

CajunXChange

⋅ Feb 24, 2017 5:29 PM

shark or 50. to be or not to be!

CajunXChange

⋅ Feb 24, 2017 5:35 PM

@CajunXChange, reverse abcd at .7445 leaves possibility for new highs. closely watching!

LewisGlasgow

⋅ Feb 24, 2017 5:37 PM

@CajunXChange, I'm currently shorting AUD at the moment, we'll see how this pair plays out :)

LewisGlasgow

⋅ Feb 24, 2017 5:36 PM

@CajunXChange, yes I originally predicted a bearish cypher but the 5-0 seems plausible.

CajunXChange

⋅ Feb 24, 2017 5:43 PM

@lewglasgow, definitely plausible. I posted possibility yesterday. Just reiterating fact that bullish trend hasn't broke yet and 5-0 is still valid if new highs are made targeting 2-2.24.
On the other hand, Im trying to figure out the reasoning for a cypher with ab extension greater than 1.41? Thanks for sharing

LewisGlasgow

⋅ Feb 24, 2017 5:59 PM

@CajunXChange, I agree 100%. The cypher extension comes in around 1.3 (chart shown below).

It has fooled a lot of traders looking to short, I don't plan on being one of them so I'm sidelined until I see further confirmation of the trend breaking down.