AUD/CHF - Bearish 5-0

Here we have another 5-0 pattern but this time on the 1h timeframe with AUD/CHF.

Price is currently completing the C point at the minimum 1.618 but it could drop further to 2.24 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

Feel free to connect with me on below :)

交易進行

The C point formed just above 2.24, followed by an aggressive reversal to complete the CD leg.

I'm going short from 0.76400.

註釋

I'm currently running in around 90 pips profit, I'd like you all to continue holding. If you take a look at the chart below with the ascending channel on the daily chart our take profit level aligns with the bottom trendline.

Providing additional reasoning to stay in the trade :)

註釋

We're well on our way to approaching the final take profit level! If you want to keep up to date with my trading opportunities be sure to join my Telegram channel :)

交易結束：目標達成

Hit my final TP gaining 160 pips, well done to everyone who took the trade.

I will alert you all on my next trade via Telegram.